Bausch Health Companies Market Value
| 071734AD9 | 40.92 0.00 0.00% |
| Symbol | Bausch |
Bausch '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 Bausch's bond 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 Bausch.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Bausch on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Bausch Health Companies or generate 0.0% return on investment in Bausch over 30 days. Bausch is related to or competes with 00108WAF7, 90331HPL1, Allison Transmission, AZZ Incorporated, Comfort Systems, Banco Macro, and Grayscale Digital. More
Bausch 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 Bausch's bond 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 Bausch Health Companies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 20.75 | |||
| Value At Risk | (6.80) | |||
| Potential Upside | 5.1 |
Bausch Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bausch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bausch's standard deviation. In reality, there are many statistical measures that can use Bausch historical prices to predict the future Bausch's volatility.| Risk Adjusted Performance | 0.006 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bausch'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.
Bausch Health Companies Backtested Returns
Bausch Health Companies secures Sharpe Ratio (or Efficiency) of -0.0242, which signifies that the bond had a -0.0242% return per unit of risk over the last 3 months. Bausch Health Companies exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bausch's Mean Deviation of 2.77, risk adjusted performance of 0.006, and Standard Deviation of 4.62 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0823, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bausch's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bausch is expected to be smaller as well.
Auto-correlation | -1 |
Near perfect reversele predictability
Bausch Health Companies has near perfect reversele predictability. Overlapping area represents the amount of predictability between Bausch time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 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 Bausch Health Companies price movement. The serial correlation of -1.0 indicates that 100.0% of current Bausch price fluctuation can be explain by its past prices.
| Correlation Coefficient | -1.0 | |
| Spearman Rank Test | -1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bausch Health Companies lagged returns against current returns
Autocorrelation, which is Bausch bond'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 Bausch's bond expected returns. We can calculate the autocorrelation of Bausch returns to help us make a trade decision. For example, suppose you find that Bausch has exhibited high autocorrelation historically, and you observe that the bond 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 |
Bausch 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 Bausch bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bausch bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bausch bond over time.
Current vs Lagged Prices |
| Timeline |
Bausch Lagged Returns
When evaluating Bausch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bausch bond have on its future price. Bausch 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, Bausch autocorrelation shows the relationship between Bausch bond current value and its past values and can show if there is a momentum factor associated with investing in Bausch Health Companies.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Bausch Correlation, Bausch Volatility and Bausch Alpha and Beta module to complement your research on Bausch. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Bausch technical bond 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, bond market cycles, or different charting patterns.