Baudax Bioinc Stock Statistic Functions Beta

BXRX Stock  USD 0.01  0  18.75%   
Baudax BioInc statistic functions tool provides the execution environment for running the Beta function and other technical functions against Baudax BioInc. Baudax BioInc value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Baudax BioInc statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Baudax BioInc correlated with the market. If Beta is less than 0 Baudax BioInc generally moves in the opposite direction as compared to the market. If Baudax BioInc Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Baudax BioInc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Baudax BioInc is generally in the same direction as the market. If Beta > 1 Baudax BioInc moves generally in the same direction as, but more than the movement of the benchmark.

Baudax BioInc Technical Analysis Modules

Most technical analysis of Baudax BioInc help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Baudax from various momentum indicators to cycle indicators. When you analyze Baudax charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Baudax BioInc Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Baudax BioInc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Baudax BioInc based on widely used predictive technical indicators. In general, we focus on analyzing Baudax Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Baudax BioInc's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Baudax BioInc's intrinsic value. In addition to deriving basic predictive indicators for Baudax BioInc, we also check how macroeconomic factors affect Baudax BioInc price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Dividend Yield0.002560.002276
Price To Sales Ratio0.960.91
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baudax BioInc'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.
Hype
Prediction
LowEstimatedHigh
0.000.019.65
Details
Intrinsic
Valuation
LowRealHigh
0.000.019.65
Details
Naive
Forecast
LowNextHigh
0.00030.029.66
Details
1 Analysts
Consensus
LowTargetHigh
21.8424.0026.64
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Baudax BioInc. Your research has to be compared to or analyzed against Baudax BioInc's peers to derive any actionable benefits. When done correctly, Baudax BioInc's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Baudax BioInc.

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Baudax BioInc pair trading

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 Baudax BioInc 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 Baudax BioInc will appreciate offsetting losses from the drop in the long position's value.

Baudax BioInc Pair Trading

Baudax BioInc Pair Trading Analysis

The ability to find closely correlated positions to Baudax BioInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baudax BioInc 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 Baudax BioInc - 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 Baudax BioInc to buy it.
The correlation of Baudax BioInc 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 Baudax BioInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baudax BioInc 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 Baudax BioInc 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
When determining whether Baudax BioInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Baudax BioInc'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 Baudax Bioinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Baudax Bioinc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Baudax BioInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Baudax Stock please use our How to Invest in Baudax BioInc guide.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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Is Baudax BioInc'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 Baudax BioInc. If investors know Baudax 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 Baudax BioInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(94.13)
Revenue Per Share
0.318
Quarterly Revenue Growth
(0.23)
Return On Assets
(1.15)
Return On Equity
(47.04)
The market value of Baudax BioInc is measured differently than its book value, which is the value of Baudax that is recorded on the company's balance sheet. Investors also form their own opinion of Baudax BioInc's value that differs from its market value or its book value, called intrinsic value, which is Baudax BioInc'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 Baudax BioInc's market value can be influenced by many factors that don't directly affect Baudax BioInc'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 Baudax BioInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Baudax BioInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Baudax BioInc'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.