Baker Average Equity vs Average Assets Analysis

BKR
 Stock
  

USD 23.92  0.14  0.58%   

Baker Hughes financial indicator trend analysis is way more than just evaluating Baker Hughes A prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Baker Hughes A is a good investment. Please check the relationship between Baker Hughes Average Equity and its Average Assets accounts. Continue to Trending Equities.

Average Equity vs Average Assets

Average Equity vs Average Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Baker Hughes A Average Equity account and Average Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Baker Hughes' Average Equity and Average Assets is 0.35. Overlapping area represents the amount of variation of Average Equity that can explain the historical movement of Average Assets in the same time period over historical financial statements of Baker Hughes A, assuming nothing else is changed. The correlation between historical values of Baker Hughes' Average Equity and Average Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Equity of Baker Hughes A are associated (or correlated) with its Average Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Assets has no effect on the direction of Average Equity i.e., Baker Hughes' Average Equity and Average Assets go up and down completely randomly.

Correlation Coefficient

0.35
Relationship DirectionPositive 
Relationship StrengthVery Weak

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from Shareholders Equity.

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets; derived from Total Assets.
Most indicators from Baker Hughes fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Baker Hughes A current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Trending Equities.Baker Hughes Selling General and Administrative Expense is relatively stable at the moment as compared to the past year. Baker Hughes reported last year Selling General and Administrative Expense of 2.47 Billion. As of 08/08/2022, Enterprise Value over EBIT is likely to grow to 33.87, while Net Cash Flow Business Acquisitions and Disposals is likely to drop (117.6 M).
 2019 2020 2021 2022 (projected)
Interest Expense237 M264 M299 M270.41 M
Gross Profit4.43 B3.2 B4.05 B3.76 B

Baker Hughes fundamental ratios Correlations

0.910.890.920.860.90.790.860.610.830.370.460.840.920.840.860.820.840.910.870.87-0.77
0.910.980.940.960.880.860.980.40.980.630.510.770.930.970.940.970.970.980.990.95-0.94
0.890.980.90.90.860.750.930.260.950.650.610.750.920.950.930.940.990.930.970.96-0.97
0.920.940.90.910.990.870.920.560.890.380.580.930.930.870.850.870.890.980.940.89-0.82
0.860.960.90.910.830.950.990.50.970.640.330.70.920.980.950.980.910.970.970.9-0.89
0.90.880.860.990.830.790.840.560.80.250.650.980.890.790.760.790.840.940.870.84-0.75
0.790.860.750.870.950.790.910.690.860.430.160.690.820.860.820.860.750.920.860.74-0.7
0.860.980.930.920.990.840.910.460.990.650.370.710.910.980.940.990.940.970.980.94-0.92
0.610.40.260.560.50.560.690.460.34-0.23-0.170.580.440.320.310.320.20.530.350.3-0.1
0.830.980.950.890.970.80.860.990.340.720.420.660.90.990.951.00.960.950.990.95-0.96
0.370.630.650.380.640.250.430.65-0.230.720.240.060.530.760.760.750.690.520.670.64-0.79
0.460.510.610.580.330.650.160.37-0.170.420.240.670.530.420.430.40.620.490.530.53-0.56
0.840.770.750.930.70.980.690.710.580.660.060.670.80.640.620.640.720.840.750.72-0.61
0.920.930.920.930.920.890.820.910.440.90.530.530.80.920.950.890.930.950.940.93-0.87
0.840.970.950.870.980.790.860.980.320.990.760.420.640.920.981.00.960.940.990.94-0.96
0.860.940.930.850.950.760.820.940.310.950.760.430.620.950.980.960.950.910.960.92-0.94
0.820.970.940.870.980.790.860.990.321.00.750.40.640.891.00.960.960.940.980.94-0.96
0.840.970.990.890.910.840.750.940.20.960.690.620.720.930.960.950.960.930.980.96-0.98
0.910.980.930.980.970.940.920.970.530.950.520.490.840.950.940.910.940.930.980.92-0.88
0.870.990.970.940.970.870.860.980.350.990.670.530.750.940.990.960.980.980.980.95-0.96
0.870.950.960.890.90.840.740.940.30.950.640.530.720.930.940.920.940.960.920.95-0.96
-0.77-0.94-0.97-0.82-0.89-0.75-0.7-0.92-0.1-0.96-0.79-0.56-0.61-0.87-0.96-0.94-0.96-0.98-0.88-0.96-0.96
Click cells to compare fundamentals

Baker Hughes Account Relationship Matchups

Baker Hughes fundamental ratios Accounts

201720182019202020212022 (projected)
Inventories4.59 B4.62 B4.61 B4.42 B3.98 B3.85 B
Receivables6.01 B5.97 B6.42 B5.62 B5.65 B5.08 B
Accounts Payable3.38 B4.03 B4.27 B3.53 B3.75 B3.36 B
Accumulated Other Comprehensive Income(703 M)(1.22 B)(1.64 B)(1.78 B)(2.38 B)(2.57 B)
Total Assets56.5 B52.44 B53.37 B38.01 B35.31 B41.78 B
Current Assets18.42 B14.97 B15.22 B16.45 B15.06 B15.86 B
Assets Non Current38.08 B37.47 B38.15 B21.55 B20.24 B25.92 B
Cash and Equivalents7.03 B3.72 B3.25 B4.13 B3.85 B4.05 B
Cash and Equivalents USD7.03 B3.72 B3.25 B4.13 B3.85 B4.05 B
Total Debt8.35 B7.23 B6.62 B7.63 B6.73 B6.62 B
Debt Current2.04 B942 M321 M889 M40 M41.05 M
Debt Non Current6.31 B6.29 B6.3 B6.74 B6.69 B6.2 B
Total Debt USD8.35 B7.23 B6.62 B7.63 B6.73 B6.62 B
Shareholders Equity14.28 B17.46 B21.93 B12.89 B14.83 B16.94 B
Shareholders Equity USD14.28 B17.46 B21.93 B12.89 B14.83 B16.94 B
Goodwill and Intangible Assets26.29 B26.44 B26.07 B10.37 B10.09 B15.06 B
Inventory4.51 B4.62 B4.61 B4.42 B3.98 B4.5 B
Total Liabilities18.09 B17.43 B18.87 B19.77 B18.56 B18.72 B
Current Liabilities9.23 B9.02 B10.01 B10.23 B9.13 B9.69 B
Liabilities Non Current8.86 B8.41 B8.86 B9.54 B9.43 B9.02 B
Trade and Non Trade Payables3.38 B4.03 B4.27 B3.53 B3.75 B3.88 B
Property Plant and Equipment Net6.96 B6.23 B6.24 B5.36 B4.88 B5.42 B
Trade and Non Trade Receivables6.01 B5.97 B6.42 B5.62 B5.65 B5.87 B
Tax Assets715 M1.07 B954 M953 M735 M807.74 M
Tax Liabilities490 M143 M51 M186 M127 M130.34 M

Baker Hughes Investors Sentiment

The influence of Baker Hughes' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Baker. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Baker Hughes' public news can be used to forecast risks associated with investment in Baker. The trend in average sentiment can be used to explain how an investor holding Baker can time the market purely based on public headlines and social activities around Baker Hughes A. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Baker Hughes' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Baker Hughes' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Baker Hughes' news discussions. The higher the estimate score, the more favorable is the investor's outlook on Baker Hughes.

Baker Hughes Implied Volatility

    
  64.87  
Baker Hughes' implied volatility exposes the market's sentiment of Baker Hughes A stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Baker Hughes' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Baker Hughes stock will not fluctuate a lot when Baker Hughes' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Baker Hughes in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Baker Hughes' short interest history, or implied volatility extrapolated from Baker Hughes options trading.

Pair Trading with Baker Hughes

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Baker Hughes position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Baker Hughes will appreciate offsetting losses from the drop in the long position's value.

Moving together with Baker Hughes

0.84GEOSGeospace Technologie Earnings Call  TomorrowPairCorr
0.68KLXEKlx Energy Services Earnings Call  This WeekPairCorr

Moving against Baker Hughes

0.77BASXQBasic Energy Services Earnings Call  TodayPairCorr
0.55AAONAaon Inc Earnings Call  TodayPairCorr
The ability to find closely correlated positions to Baker Hughes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baker Hughes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Baker Hughes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Baker Hughes A to buy it.
The correlation of Baker Hughes is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Baker Hughes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baker Hughes A moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Baker Hughes can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Trending Equities. Note that the Baker Hughes A information on this page should be used as a complementary analysis to other Baker Hughes' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

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Is Baker Hughes' industry 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 Baker Hughes. If investors know Baker 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 Baker Hughes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.65
Market Capitalization
24.5 B
Quarterly Revenue Growth YOY
-0.018
Return On Assets
0.0306
Return On Equity
-0.0249
The market value of Baker Hughes A is measured differently than its book value, which is the value of Baker that is recorded on the company's balance sheet. Investors also form their own opinion of Baker Hughes' value that differs from its market value or its book value, called intrinsic value, which is Baker Hughes' 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 Baker Hughes' market value can be influenced by many factors that don't directly affect Baker Hughes' 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 Baker Hughes' value and its price as these two are different measures arrived at by different means. Investors typically determine Baker Hughes value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baker Hughes' 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.