BECTON DICKINSON AND Market Value
| 075887CJ6 | 87.49 3.22 3.55% |
| Symbol | BECTON |
BECTON '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 BECTON's bond 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 BECTON.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in BECTON on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding BECTON DICKINSON AND or generate 0.0% return on investment in BECTON over 180 days. BECTON is related to or competes with Starbucks, Chipotle Mexican, Shake Shack, Data#3, NetSol Technologies, and FactSet Research. More
BECTON 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 BECTON's bond 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 BECTON DICKINSON AND upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.56 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.7486 |
BECTON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BECTON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BECTON's standard deviation. In reality, there are many statistical measures that can use BECTON historical prices to predict the future BECTON's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (2.47) |
BECTON DICKINSON AND Backtested Returns
BECTON DICKINSON AND retains Efficiency (Sharpe Ratio) of -0.15, which signifies that the bond had a -0.15% return per unit of risk over the last 3 months. BECTON exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BECTON's variance of 1.5, and Market Risk Adjusted Performance of (2.46) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0321, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BECTON's returns are expected to increase less than the market. However, during the bear market, the loss of holding BECTON is expected to be smaller as well.
Auto-correlation | -0.91 |
Near perfect reversele predictability
BECTON DICKINSON AND has near perfect reversele predictability. Overlapping area represents the amount of predictability between BECTON time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BECTON DICKINSON AND price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current BECTON price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 1.36 |
BECTON DICKINSON AND lagged returns against current returns
Autocorrelation, which is BECTON bond'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 BECTON's bond expected returns. We can calculate the autocorrelation of BECTON returns to help us make a trade decision. For example, suppose you find that BECTON has exhibited high autocorrelation historically, and you observe that the bond 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 |
BECTON 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 BECTON bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BECTON bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BECTON bond over time.
Current vs Lagged Prices |
| Timeline |
BECTON Lagged Returns
When evaluating BECTON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BECTON bond have on its future price. BECTON 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, BECTON autocorrelation shows the relationship between BECTON bond current value and its past values and can show if there is a momentum factor associated with investing in BECTON DICKINSON AND.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in BECTON Bond
BECTON financial ratios help investors to determine whether BECTON Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BECTON with respect to the benefits of owning BECTON security.