Bristol OTC Stock Market Value

BMYMP
 Stock
  

USD 1,200  10.00  0.84%   

Bristol Myer's market value is the price at which a share of Bristol Myer stock trades on a public exchange. It measures the collective expectations of Bristol Myer Squi investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Bristol Myer Squi and determine expected loss or profit from investing in Bristol Myer over a given investment horizon. Continue to Bristol Myer Correlation, Bristol Myer Volatility and Bristol Myer Alpha and Beta module to complement your research on Bristol Myer.
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Is Bristol Myer'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 Bristol Myer. If investors know Bristol 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 Bristol Myer 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 Bristol Myer Squi is measured differently than its book value, which is the value of Bristol that is recorded on the company's balance sheet. Investors also form their own opinion of Bristol Myer's value that differs from its market value or its book value, called intrinsic value, which is Bristol Myer'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 Bristol Myer's market value can be influenced by many factors that don't directly affect Bristol Myer'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 Bristol Myer's value and its price as these two are different measures arrived at by different means. Investors typically determine Bristol Myer value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bristol Myer'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.

Bristol Myer '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 Bristol Myer's otc 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 Bristol Myer.
0.00
09/05/2022
No Change 0.00  0.0 
In 31 days
10/05/2022
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If you would invest  0.00  in Bristol Myer on September 5, 2022 and sell it all today you would earn a total of 0.00 from holding Bristol Myer Squi or generate 0.0% return on investment in Bristol Myer over 30 days. Bristol Myer is related to or competes with Amazon, Vroom, Rumble, Disney, Exxon, and Procter Gamble. Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, and distributes biopharmaceutical pro... More

Bristol Myer 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 Bristol Myer's otc 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 Bristol Myer Squi upside and downside potential and time the market with a certain degree of confidence.

Bristol Myer Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bristol Myer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bristol Myer's standard deviation. In reality, there are many statistical measures that can use Bristol Myer historical prices to predict the future Bristol Myer's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Bristol Myer'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 Bristol Myer in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
1,1981,2001,202
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Intrinsic
Valuation
LowReal ValueHigh
1,0061,0081,320
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bristol Myer. Your research has to be compared to or analyzed against Bristol Myer's peers to derive any actionable benefits. When done correctly, Bristol Myer'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 Bristol Myer Squi.

Bristol Myer Squi Backtested Returns

Bristol Myer Squi secures Sharpe Ratio (or Efficiency) of -0.0527, which signifies that the company had -0.0527% 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. Bristol Myer Squi exposes twenty-six different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Bristol Myer Squi risk adjusted performance of (0.07), and Mean Deviation of 0.6693 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of -0.1807, which signifies not very significant fluctuations relative to the market. Let's try to break down what Bristol's beta means in this case. As returns on the market increase, returns on owning Bristol Myer are expected to decrease at a much lower rate. During the bear market, Bristol Myer is likely to outperform the market. Even though it is essential to pay attention to Bristol Myer Squi 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. Bristol Myer Squi exposes twenty-six different technical indicators, which can help you to evaluate its performance. Bristol Myer Squi has an expected return of -0.11%. Please be advised to confirm Bristol Myer Squi potential upside, and the relationship between the total risk alpha and kurtosis to decide if Bristol Myer Squi performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.43  

Average predictability

Bristol Myer Squi has average predictability. Overlapping area represents the amount of predictability between Bristol Myer time series from 5th of September 2022 to 20th of September 2022 and 20th of September 2022 to 5th of October 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 Bristol Myer Squi price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Bristol Myer price fluctuation can be explain by its past prices.
Correlation Coefficient0.43
Spearman Rank Test-0.25
Residual Average0.0
Price Variance24.79

Bristol Myer Squi lagged returns against current returns

Autocorrelation, which is Bristol Myer otc 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 Bristol Myer's otc stock expected returns. We can calculate the autocorrelation of Bristol Myer returns to help us make a trade decision. For example, suppose you find that Bristol Myer otc 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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Bristol Myer 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 Bristol Myer otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bristol Myer otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bristol Myer otc stock over time.
   Current vs Lagged Prices   
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Bristol Myer Lagged Returns

When evaluating Bristol Myer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bristol Myer otc stock have on its future price. Bristol Myer 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, Bristol Myer autocorrelation shows the relationship between Bristol Myer otc stock current value and its past values and can show if there is a momentum factor associated with investing in Bristol Myer Squi.
   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 Bristol Myer 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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Pair Trading with Bristol Myer

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 Bristol Myer 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 Bristol Myer will appreciate offsetting losses from the drop in the long position's value.

Moving against Bristol Myer

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The ability to find closely correlated positions to Bristol Myer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bristol Myer 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 Bristol Myer - 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 Bristol Myer Squi to buy it.
The correlation of Bristol Myer 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 Bristol Myer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bristol Myer Squi 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 Bristol Myer 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 Bristol Myer Correlation, Bristol Myer Volatility and Bristol Myer Alpha and Beta module to complement your research on Bristol Myer. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

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