Becton Dickinson And Stock Market Value
| BDX Stock | USD 232.21 1.20 0.52% |
| Symbol | Becton |
Becton Dickinson Price To Book Ratio
Is Becton Dickinson'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 Becton Dickinson. If investors know Becton 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 Becton Dickinson 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 (0.43) | Dividend Share 3.68 | Earnings Share 4.37 | Revenue Per Share 67.719 | Quarterly Revenue Growth 0.026 |
The market value of Becton Dickinson is measured differently than its book value, which is the value of Becton that is recorded on the company's balance sheet. Investors also form their own opinion of Becton Dickinson's value that differs from its market value or its book value, called intrinsic value, which is Becton Dickinson'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 Becton Dickinson's market value can be influenced by many factors that don't directly affect Becton Dickinson'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 Becton Dickinson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Becton Dickinson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Becton Dickinson'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.
Becton Dickinson '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 Becton Dickinson's 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 Becton Dickinson.
| 04/28/2022 |
| 04/17/2024 |
If you would invest 0.00 in Becton Dickinson on April 28, 2022 and sell it all today you would earn a total of 0.00 from holding Becton Dickinson and or generate 0.0% return on investment in Becton Dickinson over 720 days. Becton Dickinson is related to or competes with Ensign, Select Medical, Encompass Health, Enhabit, Pennant, National HealthCare, and CryoCell International. Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and dia... More
Becton Dickinson 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 Becton Dickinson's 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 Becton Dickinson and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.2 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.69 |
Becton Dickinson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Becton Dickinson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Becton Dickinson's standard deviation. In reality, there are many statistical measures that can use Becton Dickinson historical prices to predict the future Becton Dickinson's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Becton Dickinson'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.
Becton Dickinson Backtested Returns
Becton Dickinson secures Sharpe Ratio (or Efficiency) of -0.0129, which signifies that the company had a -0.0129% return per unit of standard deviation over the last 3 months. Becton Dickinson and exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Becton Dickinson's risk adjusted performance of (0), and Mean Deviation of 0.8889 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.87, which signifies possible diversification benefits within a given portfolio. Becton Dickinson returns are very sensitive to returns on the market. As the market goes up or down, Becton Dickinson is expected to follow. Becton Dickinson has an expected return of -0.0145%. Please make sure to confirm Becton Dickinson potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Becton Dickinson performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Becton Dickinson and has virtually no predictability. Overlapping area represents the amount of predictability between Becton Dickinson time series from 28th of April 2022 to 23rd of April 2023 and 23rd of April 2023 to 17th 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 Becton Dickinson price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Becton Dickinson price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 179.81 |
Becton Dickinson lagged returns against current returns
Autocorrelation, which is Becton Dickinson 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 Becton Dickinson's stock expected returns. We can calculate the autocorrelation of Becton Dickinson returns to help us make a trade decision. For example, suppose you find that Becton Dickinson 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 |
Becton Dickinson 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 Becton Dickinson stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Becton Dickinson stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Becton Dickinson stock over time.
Current vs Lagged Prices |
| Timeline |
Becton Dickinson Lagged Returns
When evaluating Becton Dickinson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Becton Dickinson stock have on its future price. Becton Dickinson 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, Becton Dickinson autocorrelation shows the relationship between Becton Dickinson stock current value and its past values and can show if there is a momentum factor associated with investing in Becton Dickinson and.
Regressed Prices |
| Timeline |
Pair Trading with Becton Dickinson
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 Becton Dickinson 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 Becton Dickinson will appreciate offsetting losses from the drop in the long position's value.Moving against Becton Stock
| 0.42 | LUCY | Innovative Eyewear | PairCorr |
The ability to find closely correlated positions to Becton Dickinson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Becton Dickinson 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 Becton Dickinson - 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 Becton Dickinson and to buy it.
The correlation of Becton Dickinson 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 Becton Dickinson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Becton Dickinson 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 Becton Dickinson 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 Becton Dickinson Correlation, Becton Dickinson Volatility and Becton Dickinson Alpha and Beta module to complement your research on Becton Dickinson. Note that the Becton Dickinson information on this page should be used as a complementary analysis to other Becton Dickinson'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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Becton Stock analysis
When running Becton Dickinson's price analysis, check to measure Becton Dickinson'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 Becton Dickinson is operating at the current time. Most of Becton Dickinson's value examination focuses on studying past and present price action to predict the probability of Becton Dickinson's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Becton Dickinson's price. Additionally, you may evaluate how the addition of Becton Dickinson to your portfolios can decrease your overall portfolio volatility.
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Becton Dickinson 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.