Better Stock Market Value

BTTR
 Stock
  

USD 2.15  0.05  2.27%   

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


Is Better Choice'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 Better Choice. If investors know Better 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 Better Choice listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
63.1 M
Quarterly Revenue Growth YOY
0.57
Return On Assets
-0.16
Return On Equity
1.11
The market value of Better Choice is measured differently than its book value, which is the value of Better that is recorded on the company's balance sheet. Investors also form their own opinion of Better Choice's value that differs from its market value or its book value, called intrinsic value, which is Better Choice'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 Better Choice's market value can be influenced by many factors that don't directly affect Better Choice'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 Better Choice's value and its price as these two are different measures arrived at by different means. Investors typically determine Better Choice value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Better Choice'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.

Better Choice '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 Better Choice'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 Better Choice.
0.00
01/09/2021
No Change 0.00  0.0 
In 1 year 5 months and 24 days
07/03/2022
0.00
If you would invest  0.00  in Better Choice on January 9, 2021 and sell it all today you would earn a total of 0.00 from holding Better Choice or generate 0.0% return on investment in Better Choice over 540 days. Better Choice is related to or competes with BG Foods, BellRing Brands, Brc Inc, Burcon Nutrascience, Seagen, Avnet, and Trean Insurance. Better Choice Company Inc. operates as an animal health and wellness companyMore

Better Choice 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 Better Choice'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 Better Choice upside and downside potential and time the market with a certain degree of confidence.

Better Choice Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Better Choice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Better Choice's standard deviation. In reality, there are many statistical measures that can use Better Choice historical prices to predict the future Better Choice's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Better Choice'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 Better Choice in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.112.156.80
Details
Intrinsic
Valuation
LowReal ValueHigh
0.193.728.37
Details
Naive
Forecast
LowNext ValueHigh
0.0461132.316.95
Details
3 Analysts
Consensus
LowTarget PriceHigh
7.008.6710.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Better Choice. Your research has to be compared to or analyzed against Better Choice's peers to derive any actionable benefits. When done correctly, Better Choice'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 Better Choice.

Better Choice Backtested Returns

Better Choice secures Sharpe Ratio (or Efficiency) of -0.0339, which signifies that the company had -0.0339% 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. Better Choice exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Better Choice risk adjusted performance of (0.034295), and Mean Deviation of 3.19 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.2724, which signifies not very significant fluctuations relative to the market. Let's try to break down what Better's beta means in this case. As returns on the market increase, Better Choice returns are expected to increase less than the market. However, during the bear market, the loss on holding Better Choice will be expected to be smaller as well. Even though it is essential to pay attention to Better Choice 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. Better Choice exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Better Choice has an expected return of -0.16%. Please be advised to confirm Better Choice potential upside, as well as the relationship between the accumulation distribution and price action indicator to decide if Better Choice performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.68  

Good predictability

Better Choice has good predictability. Overlapping area represents the amount of predictability between Better Choice time series from 9th of January 2021 to 6th of October 2021 and 6th of October 2021 to 3rd of July 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 Better Choice price movement. The serial correlation of 0.68 indicates that around 68.0% of current Better Choice price fluctuation can be explain by its past prices.
Correlation Coefficient0.68
Spearman Rank Test0.63
Residual Average0.0
Price Variance0.42

Better Choice lagged returns against current returns

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

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

Better Choice Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Better Choice 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 Better Choice

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 Better Choice 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 Better Choice will appreciate offsetting losses from the drop in the long position's value.

Better Choice Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Better Choice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Better Choice 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 Better Choice - 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 Better Choice to buy it.
The correlation of Better Choice 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 Better Choice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Better Choice 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 Better Choice 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 Better Choice Hype Analysis, Better Choice Correlation, Better Choice Valuation, Better Choice Volatility, as well as analyze Better Choice Alpha and Beta and Better Choice Performance. Note that the Better Choice information on this page should be used as a complementary analysis to other Better Choice'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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Better Stock analysis

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