Bristol OTC Stock Market Value

BMYMP -  USA Stock  

USD 1,305  0.00  0.00%

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 Hype Analysis, Bristol Myer Correlation, Bristol Myer Valuation, Bristol Myer Volatility, as well as analyze Bristol Myer Alpha and Beta and Bristol Myer Performance.
Symbol
Backtest


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
12/17/2021
No Change 0.00  0.0 
In 31 days
01/16/2022
0.00
If you would invest  0.00  in Bristol Myer on December 17, 2021 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 Microsoft Corp, Oculus Visiontech, Tesla, Intel Corp, Du Pont, and American Express. Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, and distributes biopharmaceutical pro...

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
1,2881,3051,322
Details
Intrinsic
Valuation
LowReal ValueHigh
1,2871,3041,322
Details
Naive
Forecast
LowNext ValueHigh
924.91942.22959.53
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1,3051,3051,305
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 appears to be very steady, given 24 months investment horizon. Bristol Myer Squi secures Sharpe Ratio (or Efficiency) of 0.0538, which signifies that the company had 0.0538% of return per unit of risk over the last 24 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By analyzing Bristol Myer Squi technical indicators you can presently evaluate if the expected return of 0.67% is justified by implied risk. Please makes use of Bristol Myer's Mean Deviation of 5.82, downside deviation of 12.11, and Risk Adjusted Performance of 0.1149 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Bristol Myer holds a performance score of 3. The firm shows a Beta (market volatility) of 0.0288, 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, Bristol Myer returns are expected to increase less than the market. However, during the bear market, the loss on holding Bristol Myer will be expected to be smaller as well. Although it is vital to follow Bristol Myer Squi historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-one technical indicators for Bristol Myer Squi, which you can use to evaluate the performance of the firm. Please makes use of Bristol Myer Squi information ratio, as well as the relationship between the potential upside and kurtosis to make a quick decision on whether Bristol Myer price patterns will revert.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.00   

No correlation between past and present

Bristol Myer Squi has no correlation between past and present. Overlapping area represents the amount of predictability between Bristol Myer time series from 17th of December 2021 to 1st of January 2022 and 1st of January 2022 to 16th of January 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 0.0 indicates that just 0.0% of current Bristol Myer price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.81
Residual Average0.0
Price Variance0.0

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 
Share
      Timeline 

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 
Share
      Timeline 

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 
Share
      Timeline 

Bristol Myer Investors Sentiment

The influence of Bristol Myer's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Bristol. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bristol Myer in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bristol Myer's short interest history, or implied volatility extrapolated from Bristol Myer options trading.

Current Sentiment - BMYMP

Bristol Myer Squi Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in Bristol Myer Squi. What is your opinion about investing in Bristol Myer Squi? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
Skip

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.

Bristol Myer Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Bristol Myer and Microsoft Corp. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Bristol Myer Hype Analysis, Bristol Myer Correlation, Bristol Myer Valuation, Bristol Myer Volatility, as well as analyze Bristol Myer Alpha and Beta and Bristol Myer Performance. Note that the Bristol Myer Squi information on this page should be used as a complementary analysis to other Bristol Myer'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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for Bristol OTC Stock 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.
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
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, stock 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...