Barnes Group Stock Market Value
| B Stock | USD 36.08 2.69 8.06% |
| Symbol | Barnes |
Barnes Group Price To Book Ratio
Is Barnes' 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 Barnes. If investors know Barnes 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 Barnes 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 (0.53) | Dividend Share 0.64 | Earnings Share 0.31 | Revenue Per Share 28.419 | Quarterly Revenue Growth 0.326 |
The market value of Barnes Group is measured differently than its book value, which is the value of Barnes that is recorded on the company's balance sheet. Investors also form their own opinion of Barnes' value that differs from its market value or its book value, called intrinsic value, which is Barnes' 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 Barnes' market value can be influenced by many factors that don't directly affect Barnes' 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 Barnes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Barnes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barnes' 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.
Barnes '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 Barnes' 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 Barnes.
| 05/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in Barnes on May 30, 2022 and sell it all today you would earn a total of 0.00 from holding Barnes Group or generate 0.0% return on investment in Barnes over 690 days. Barnes is related to or competes with Illinois Tool, Emerson Electric, Smith AO, Eaton PLC, Graco, Flowserve, and IDEX. Barnes Group Inc. provides engineered products, industrial technologies, and solutions in the United States and internat... More
Barnes 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 Barnes' 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 Barnes Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.0997 | |||
| Maximum Drawdown | 8.76 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 3.34 |
Barnes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Barnes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Barnes' standard deviation. In reality, there are many statistical measures that can use Barnes historical prices to predict the future Barnes' volatility.| Risk Adjusted Performance | 0.0893 | |||
| Jensen Alpha | 0.1362 | |||
| Total Risk Alpha | 0.0686 | |||
| Sortino Ratio | 0.1192 | |||
| Treynor Ratio | 0.122 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Barnes' 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.
Barnes Group Backtested Returns
Barnes appears to be very steady, given 3 months investment horizon. Barnes Group secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Barnes Group, which you can use to evaluate the volatility of the firm. Please makes use of Barnes' Downside Deviation of 1.71, mean deviation of 1.54, and Risk Adjusted Performance of 0.0893 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Barnes holds a performance score of 9. The firm shows a Beta (market volatility) of 2.15, 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, Barnes will likely underperform. Please check Barnes' value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to make a quick decision on whether Barnes' price patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Barnes Group has good reverse predictability. Overlapping area represents the amount of predictability between Barnes time series from 30th of May 2022 to 10th of May 2023 and 10th of May 2023 to 19th 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 Barnes Group price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Barnes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 26.23 |
Barnes Group lagged returns against current returns
Autocorrelation, which is Barnes 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 Barnes' stock expected returns. We can calculate the autocorrelation of Barnes returns to help us make a trade decision. For example, suppose you find that Barnes 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 |
Barnes 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 Barnes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Barnes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Barnes stock over time.
Current vs Lagged Prices |
| Timeline |
Barnes Lagged Returns
When evaluating Barnes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Barnes stock have on its future price. Barnes 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, Barnes autocorrelation shows the relationship between Barnes stock current value and its past values and can show if there is a momentum factor associated with investing in Barnes Group.
Regressed Prices |
| Timeline |
Barnes Investors Sentiment
The influence of Barnes' 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 Barnes. 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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to Barnes' public news can be used to forecast risks associated with an investment in Barnes. The trend in average sentiment can be used to explain how an investor holding Barnes can time the market purely based on public headlines and social activities around Barnes Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Barnes' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Barnes' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Barnes' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Barnes.
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 Barnes 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, Barnes' short interest history, or implied volatility extrapolated from Barnes options trading.
Pair Trading with Barnes
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 Barnes 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 Barnes will appreciate offsetting losses from the drop in the long position's value.Moving together with Barnes Stock
| 0.7 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
| 0.74 | HI | Hillenbrand Financial Report 13th of May 2024 | PairCorr |
| 0.85 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
Moving against Barnes Stock
| 0.76 | RR | Richtech Robotics Class | PairCorr |
The ability to find closely correlated positions to Barnes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barnes 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 Barnes - 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 Barnes Group to buy it.
The correlation of Barnes 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 Barnes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barnes Group 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 Barnes 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 Barnes Correlation, Barnes Volatility and Barnes Alpha and Beta module to complement your research on Barnes. Note that the Barnes Group information on this page should be used as a complementary analysis to other Barnes' 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Barnes Stock analysis
When running Barnes' price analysis, check to measure Barnes' 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 Barnes is operating at the current time. Most of Barnes' value examination focuses on studying past and present price action to predict the probability of Barnes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Barnes' price. Additionally, you may evaluate how the addition of Barnes to your portfolios can decrease your overall portfolio volatility.
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Barnes 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.