Brightspring Health Services, Stock Market Value
| BTSG Stock | 17.34 0.29 1.70% |
| Symbol | BrightSpring |
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BrightSpring Health. If investors know BrightSpring will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BrightSpring Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of BrightSpring Health is measured differently than its book value, which is the value of BrightSpring that is recorded on the company's balance sheet. Investors also form their own opinion of BrightSpring Health's value that differs from its market value or its book value, called intrinsic value, which is BrightSpring Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BrightSpring Health's market value can be influenced by many factors that don't directly affect BrightSpring Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BrightSpring Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if BrightSpring Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BrightSpring Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
BrightSpring Health 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to BrightSpring Health's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of BrightSpring Health.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in BrightSpring Health on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding BrightSpring Health Services, or generate 0.0% return on investment in BrightSpring Health over 30 days. BrightSpring Health is related to or competes with Ralph Lauren, Skechers USA, FormFactor, PVH Corp, MACOM Technology, Boot Barn, and Micron Technology. More
BrightSpring Health Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure BrightSpring Health's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess BrightSpring Health Services, upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.64 | |||
| Information Ratio | 0.0832 | |||
| Maximum Drawdown | 22.44 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 4.08 |
BrightSpring Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BrightSpring Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BrightSpring Health's standard deviation. In reality, there are many statistical measures that can use BrightSpring Health historical prices to predict the future BrightSpring Health's volatility.| Risk Adjusted Performance | 0.0769 | |||
| Jensen Alpha | 0.2495 | |||
| Total Risk Alpha | 0.2507 | |||
| Sortino Ratio | 0.0945 | |||
| Treynor Ratio | 0.154 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BrightSpring Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BrightSpring Health Backtested Returns
BrightSpring Health appears to be not too volatile, given 3 months investment horizon. BrightSpring Health secures Sharpe Ratio (or Efficiency) of 0.0864, which signifies that the company had a 0.0864% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BrightSpring Health Services,, which you can use to evaluate the volatility of the firm. Please makes use of BrightSpring Health's Mean Deviation of 1.92, risk adjusted performance of 0.0769, and Downside Deviation of 2.64 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BrightSpring Health holds a performance score of 6. The firm shows a Beta (market volatility) of 1.61, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BrightSpring Health will likely underperform. Please check BrightSpring Health's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether BrightSpring Health's price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
BrightSpring Health Services, has insignificant predictability. Overlapping area represents the amount of predictability between BrightSpring Health time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BrightSpring Health price movement. The serial correlation of 0.13 indicates that less than 13.0% of current BrightSpring Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
BrightSpring Health lagged returns against current returns
Autocorrelation, which is BrightSpring Health stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting BrightSpring Health's stock expected returns. We can calculate the autocorrelation of BrightSpring Health returns to help us make a trade decision. For example, suppose you find that BrightSpring Health has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
BrightSpring Health regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If BrightSpring Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BrightSpring Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BrightSpring Health stock over time.
Current vs Lagged Prices |
| Timeline |
BrightSpring Health Lagged Returns
When evaluating BrightSpring Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BrightSpring Health stock have on its future price. BrightSpring Health autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, BrightSpring Health autocorrelation shows the relationship between BrightSpring Health stock current value and its past values and can show if there is a momentum factor associated with investing in BrightSpring Health Services,.
Regressed Prices |
| Timeline |
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Check out BrightSpring Health Correlation, BrightSpring Health Volatility and BrightSpring Health Alpha and Beta module to complement your research on BrightSpring Health. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
BrightSpring Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.