Baker Stock Market Value

BKR -  USA Stock  

USD 28.47  0.19  0.66%

Baker Hughes' market value is the price at which a share of Baker Hughes stock trades on a public exchange. It measures the collective expectations of Baker Hughes A investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Baker Hughes A and determine expected loss or profit from investing in Baker Hughes over a given investment horizon. Continue to Baker Hughes Hype Analysis, Baker Hughes Correlation, Baker Hughes Valuation, Baker Hughes Volatility, as well as analyze Baker Hughes Alpha and Beta and Baker Hughes Performance.
Symbol
Backtest


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
31.1 B
Quarterly Revenue Growth YOY
0.011
Return On Assets
0.0292
Return On Equity
0.021
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.

Baker Hughes '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 Baker Hughes' 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 Baker Hughes.
0.00
12/27/2021
No Change 0.00  0.0 
In 5 months and 30 days
06/25/2022
0.00
If you would invest  0.00  in Baker Hughes on December 27, 2021 and sell it all today you would earn a total of 0.00 from holding Baker Hughes A or generate 0.0% return on investment in Baker Hughes over 180 days. Baker Hughes is related to or competes with Schlumberger, and Vertex Energy. Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwideMore

Baker Hughes 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 Baker Hughes' 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 Baker Hughes A upside and downside potential and time the market with a certain degree of confidence.

Baker Hughes Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Baker Hughes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baker Hughes' standard deviation. In reality, there are many statistical measures that can use Baker Hughes historical prices to predict the future Baker Hughes' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Baker Hughes' 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 Baker Hughes in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
25.8128.6731.53
Details
Intrinsic
Valuation
LowReal ValueHigh
23.4726.3329.19
Details
Naive
Forecast
LowNext ValueHigh
23.9226.7929.65
Details
17 Analysts
Consensus
LowTarget PriceHigh
26.0029.5934.50
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Baker Hughes. Your research has to be compared to or analyzed against Baker Hughes' peers to derive any actionable benefits. When done correctly, Baker Hughes' 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 Baker Hughes A.

Baker Hughes A Backtested Returns

Baker Hughes A secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had -0.13% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Baker Hughes A exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Baker Hughes A risk adjusted performance of (0.16), and Mean Deviation of 2.27 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.8492, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Baker's beta means in this case. As returns on the market increase, Baker Hughes returns are expected to increase less than the market. However, during the bear market, the loss on holding Baker Hughes will be expected to be smaller as well. Even though it is essential to pay attention to Baker Hughes A historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Baker Hughes A exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Baker Hughes A has an expected return of -0.37%. Please be advised to confirm Baker Hughes A potential upside, and the relationship between the total risk alpha and kurtosis to decide if Baker Hughes A performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.33  

Poor reverse predictability

Baker Hughes A has poor reverse predictability. Overlapping area represents the amount of predictability between Baker Hughes time series from 27th of December 2021 to 27th of March 2022 and 27th of March 2022 to 25th of June 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 Baker Hughes A price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Baker Hughes price fluctuation can be explain by its past prices.
Correlation Coefficient-0.33
Spearman Rank Test-0.34
Residual Average0.0
Price Variance7.82

Baker Hughes A lagged returns against current returns

Autocorrelation, which is Baker Hughes 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 Baker Hughes' stock expected returns. We can calculate the autocorrelation of Baker Hughes returns to help us make a trade decision. For example, suppose you find that Baker Hughes 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 

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

Baker Hughes Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Baker Hughes without increasing your portfolio risk or giving up 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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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.

Baker Hughes Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Baker Hughes Hype Analysis, Baker Hughes Correlation, Baker Hughes Valuation, Baker Hughes Volatility, as well as analyze Baker Hughes Alpha and Beta and Baker Hughes Performance. 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for Baker Stock analysis

When running Baker Hughes A price analysis, check to measure Baker Hughes' 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 Baker Hughes is operating at the current time. Most of Baker Hughes' value examination focuses on studying past and present price action to predict the probability of Baker Hughes' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Baker Hughes' price. Additionally, you may evaluate how the addition of Baker Hughes to your portfolios can decrease your overall portfolio volatility.
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Baker Hughes 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 Baker Hughes technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Baker Hughes 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...