Bausch Lomb Correlations
| BLCO Stock | USD 14.65 0.59 3.87% |
The correlation of Bausch Lomb 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 Bausch Lomb moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bausch Lomb Corp 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.
Very weak diversification
The correlation between Bausch Lomb Corp and NYA is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bausch Lomb Corp and NYA in the same portfolio, assuming nothing else is changed.
Bausch |
The ability to find closely correlated positions to Bausch Lomb could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bausch Lomb 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 Bausch Lomb - 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 Bausch Lomb Corp to buy it.
Moving together with Bausch Stock
| 0.74 | VEEV | Veeva Systems Class Financial Report 29th of May 2024 | PairCorr |
| 0.79 | ENSG | Ensign Group | PairCorr |
| 0.73 | COO | Cooper Companies Financial Report 6th of June 2024 | PairCorr |
| 0.61 | CVS | CVS Health Corp | PairCorr |
| 0.67 | MOH | Molina Healthcare | PairCorr |
Moving against Bausch Stock
| 0.48 | FMS | Fresenius Medical Care | PairCorr |
| 0.41 | HAE | Haemonetics | PairCorr |
| 0.41 | BBLGW | Bone Biologics Corp Trending | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Bausch Lomb 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.Did you try this?
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Bausch Lomb Corporate Management
Elected by the shareholders, the Bausch Lomb's board of directors comprises two types of representatives: Bausch Lomb inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bausch. The board's role is to monitor Bausch Lomb's management team and ensure that shareholders' interests are well served. Bausch Lomb's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bausch Lomb's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Frederick Munsch | Controller VP | Profile | |
| Joseph Gordon | Surgical Consumer | Profile | |
| Asli Gevgilili | Executive Officer | Profile | |
| Christina Ackermann | Gen VP | Profile | |
| Dennis Asharin | Ex Officer | Profile | |
| Yehia MD | Executive officer | Profile |
Already Invested in Bausch Lomb Corp?
The danger of trading Bausch Lomb Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bausch Lomb is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bausch Lomb. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bausch Lomb Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Bausch Lomb Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bausch Lomb's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bausch Lomb Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bausch Lomb Corp Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bausch Lomb Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Bausch Lomb Corp information on this page should be used as a complementary analysis to other Bausch Lomb'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 the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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When running Bausch Lomb's price analysis, check to measure Bausch Lomb'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 Bausch Lomb is operating at the current time. Most of Bausch Lomb's value examination focuses on studying past and present price action to predict the probability of Bausch Lomb's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bausch Lomb's price. Additionally, you may evaluate how the addition of Bausch Lomb to your portfolios can decrease your overall portfolio volatility.
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Is Bausch Lomb'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 Bausch Lomb. If investors know Bausch 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 Bausch Lomb 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 (0.89) | Earnings Share (0.96) | Revenue Per Share 12.298 | Quarterly Revenue Growth 0.18 | Return On Assets 0.0108 |
The market value of Bausch Lomb Corp is measured differently than its book value, which is the value of Bausch that is recorded on the company's balance sheet. Investors also form their own opinion of Bausch Lomb's value that differs from its market value or its book value, called intrinsic value, which is Bausch Lomb'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 Bausch Lomb's market value can be influenced by many factors that don't directly affect Bausch Lomb'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 Bausch Lomb's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bausch Lomb is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bausch Lomb'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.