BHP Group Stock Market Value

BHP
 Stock
  

USD 63.09  0.29  0.46%   

BHP Group's market value is the price at which a share of BHP Group stock trades on a public exchange. It measures the collective expectations of BHP Group Limited investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of BHP Group Limited and determine expected loss or profit from investing in BHP Group over a given investment horizon. Continue to BHP Group Correlation, BHP Group Volatility and BHP Group Alpha and Beta module to complement your research on BHP Group.
Symbol


Is BHP Group's 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 BHP Group. If investors know BHP Group 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 BHP Group 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
1.89
Market Capitalization
217.8 B
Quarterly Revenue Growth YOY
0.046
Return On Assets
0.2
Return On Equity
0.43
The market value of BHP Group Limited is measured differently than its book value, which is the value of BHP Group that is recorded on the company's balance sheet. Investors also form their own opinion of BHP Group's value that differs from its market value or its book value, called intrinsic value, which is BHP Group'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 BHP Group's market value can be influenced by many factors that don't directly affect BHP Group'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 BHP Group's value and its price as these two are different measures arrived at by different means. Investors typically determine BHP Group value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BHP Group'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.

BHP Group '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 BHP Group'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 BHP Group.
0.00
11/01/2022
No Change 0.00  0.0 
In 31 days
12/01/2022
0.00
If you would invest  0.00  in BHP Group on November 1, 2022 and sell it all today you would earn a total of 0.00 from holding BHP Group Limited or generate 0.0% return on investment in BHP Group over 30 days. BHP Group is related to or competes with Disney, and ZIM Integrated. BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of As... More

BHP Group 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 BHP Group'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 BHP Group Limited upside and downside potential and time the market with a certain degree of confidence.

BHP Group Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for BHP Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BHP Group's standard deviation. In reality, there are many statistical measures that can use BHP Group historical prices to predict the future BHP Group's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of BHP Group'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. Please use the tools below to analyze the current value of BHP Group in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
60.1762.9965.81
Details
Intrinsic
Valuation
LowReal ValueHigh
59.8762.6965.51
Details
Naive
Forecast
LowNext ValueHigh
58.2761.0963.90
Details
8 Analysts
Consensus
LowTarget PriceHigh
56.0067.3387.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BHP Group. Your research has to be compared to or analyzed against BHP Group's peers to derive any actionable benefits. When done correctly, BHP Group's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in BHP Group Limited.

BHP Group Limited Backtested Returns

BHP Group appears to be very steady, given 3 months investment horizon. BHP Group Limited secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had 0.14% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for BHP Group Limited, which you can use to evaluate the future volatility of the firm. Please makes use of BHP Group's mean deviation of 2.27, and Risk Adjusted Performance of 0.1427 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, BHP Group holds a performance score of 10. The firm shows a Beta (market volatility) of 1.2648, which signifies a somewhat significant risk relative to the market. Let's try to break down what BHP Group's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BHP Group will likely underperform. Although it is vital to follow BHP Group Limited historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing BHP Group Limited technical indicators, you can today evaluate if the expected return of 0.39% will be sustainable into the future. Please makes use of BHP Group Limited potential upside, and the relationship between the sortino ratio and skewness to make a quick decision on whether BHP Group price patterns will revert.

Auto-correlation

    
  0.79  

Good predictability

BHP Group Limited has good predictability. Overlapping area represents the amount of predictability between BHP Group time series from 1st of November 2022 to 16th of November 2022 and 16th of November 2022 to 1st of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BHP Group Limited price movement. The serial correlation of 0.79 indicates that around 79.0% of current BHP Group price fluctuation can be explain by its past prices.
Correlation Coefficient0.79
Spearman Rank Test0.81
Residual Average0.0
Price Variance3.0

BHP Group Limited lagged returns against current returns

Autocorrelation, which is BHP Group 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 BHP Group's stock expected returns. We can calculate the autocorrelation of BHP Group returns to help us make a trade decision. For example, suppose you find that BHP Group stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

BHP Group 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 BHP Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BHP Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BHP Group stock over time.
   Current vs Lagged Prices   
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       Timeline  

BHP Group Lagged Returns

When evaluating BHP Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BHP Group stock have on its future price. BHP Group 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, BHP Group autocorrelation shows the relationship between BHP Group stock current value and its past values and can show if there is a momentum factor associated with investing in BHP Group Limited.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in BHP Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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Pair Trading with BHP Group

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 BHP Group 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 BHP Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with BHP Group

+0.84VALEVale SA ADR Potential GrowthPairCorr
The ability to find closely correlated positions to BHP Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BHP Group 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 BHP Group - 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 BHP Group Limited to buy it.
The correlation of BHP Group 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 BHP Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BHP Group Limited 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 BHP Group 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 BHP Group Correlation, BHP Group Volatility and BHP Group Alpha and Beta module to complement your research on BHP Group. Note that the BHP Group Limited information on this page should be used as a complementary analysis to other BHP Group's 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running BHP Group Limited price analysis, check to measure BHP Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BHP Group is operating at the current time. Most of BHP Group's value examination focuses on studying past and present price action to predict the probability of BHP Group's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BHP Group's price. Additionally, you may evaluate how the addition of BHP Group to your portfolios can decrease your overall portfolio volatility.
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BHP Group 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.
A focus of BHP Group technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of BHP Group trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...