Biglari Holdings Stock Market Value
| BH Stock | USD 201.02 1.29 0.65% |
| Symbol | Biglari |
Biglari Holdings Price To Book Ratio
Is Biglari Holdings' 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 Biglari Holdings. If investors know Biglari 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 Biglari Holdings 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 3.519 | Earnings Share 37.91 | Revenue Per Share 1.3 K | Quarterly Revenue Growth (0.08) | Return On Assets 0.0293 |
The market value of Biglari Holdings is measured differently than its book value, which is the value of Biglari that is recorded on the company's balance sheet. Investors also form their own opinion of Biglari Holdings' value that differs from its market value or its book value, called intrinsic value, which is Biglari Holdings' 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 Biglari Holdings' market value can be influenced by many factors that don't directly affect Biglari Holdings' 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 Biglari Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Biglari Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biglari Holdings' 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.
Biglari Holdings '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 Biglari Holdings' 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 Biglari Holdings.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Biglari Holdings on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Biglari Holdings or generate 0.0% return on investment in Biglari Holdings over 270 days. Biglari Holdings is related to or competes with Cannae Holdings, BJs Restaurants, Ark Restaurants, Noble Romans, Nathans Famous, Brinker International, and Bloomin Brands. Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States More
Biglari Holdings 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 Biglari Holdings' 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 Biglari Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | 0.1295 | |||
| Maximum Drawdown | 13.78 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 6.85 |
Biglari Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Biglari Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Biglari Holdings' standard deviation. In reality, there are many statistical measures that can use Biglari Holdings historical prices to predict the future Biglari Holdings' volatility.| Risk Adjusted Performance | 0.1073 | |||
| Jensen Alpha | 0.3194 | |||
| Total Risk Alpha | 0.0916 | |||
| Sortino Ratio | 0.1586 | |||
| Treynor Ratio | 0.3496 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Biglari Holdings' 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.
Biglari Holdings Backtested Returns
Biglari Holdings appears to be very steady, given 3 months investment horizon. Biglari Holdings secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Biglari Holdings, which you can use to evaluate the volatility of the firm. Please makes use of Biglari Holdings' mean deviation of 1.84, and Risk Adjusted Performance of 0.1073 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Biglari Holdings holds a performance score of 13. The firm shows a Beta (market volatility) of 1.16, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Biglari Holdings will likely underperform. Please check Biglari Holdings' maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Biglari Holdings' price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Biglari Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Biglari Holdings time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Biglari Holdings price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Biglari Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 298.92 |
Biglari Holdings lagged returns against current returns
Autocorrelation, which is Biglari Holdings 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 Biglari Holdings' stock expected returns. We can calculate the autocorrelation of Biglari Holdings returns to help us make a trade decision. For example, suppose you find that Biglari Holdings 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Biglari Holdings 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 Biglari Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Biglari Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Biglari Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Biglari Holdings Lagged Returns
When evaluating Biglari Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Biglari Holdings stock have on its future price. Biglari Holdings 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, Biglari Holdings autocorrelation shows the relationship between Biglari Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Biglari Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Biglari Holdings
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 Biglari Holdings 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 Biglari Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Biglari Stock
| 0.85 | WING | Wingstop Financial Report 1st of May 2024 | PairCorr |
| 0.85 | CMG | Chipotle Mexican Grill Earnings Call Tomorrow | PairCorr |
| 0.81 | DPZ | Dominos Pizza Earnings Call This Week | PairCorr |
Moving against Biglari Stock
| 0.81 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
| 0.75 | JACK | Jack In Financial Report 15th of May 2024 | PairCorr |
| 0.75 | PZZA | Papa Johns International Financial Report 2nd of May 2024 | PairCorr |
| 0.69 | SBUX | Starbucks Earnings Call This Week | PairCorr |
| 0.68 | BIG | Big Lots Financial Report 24th of May 2024 | PairCorr |
The ability to find closely correlated positions to Biglari Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biglari Holdings 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 Biglari Holdings - 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 Biglari Holdings to buy it.
The correlation of Biglari Holdings is a statistical measure of how it moves in relation to other instruments. 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 Biglari Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biglari Holdings 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 Biglari Holdings 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.Check out Biglari Holdings Correlation, Biglari Holdings Volatility and Biglari Holdings Alpha and Beta module to complement your research on Biglari Holdings. For more detail on how to invest in Biglari Stock please use our How to Invest in Biglari Holdings guide.Note that the Biglari Holdings information on this page should be used as a complementary analysis to other Biglari Holdings' 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 the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Biglari Stock analysis
When running Biglari Holdings' price analysis, check to measure Biglari Holdings' 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 Biglari Holdings is operating at the current time. Most of Biglari Holdings' value examination focuses on studying past and present price action to predict the probability of Biglari Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biglari Holdings' price. Additionally, you may evaluate how the addition of Biglari Holdings to your portfolios can decrease your overall portfolio volatility.
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Biglari Holdings 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.