Baudax Bioinc Stock Market Value
| BXRX Stock | USD 0.01 0.0001 0.94% |
| Symbol | Baudax |
Baudax BioInc Price To Book Ratio
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.
Baudax BioInc '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 Baudax BioInc'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 Baudax BioInc.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Baudax BioInc on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Baudax BioInc or generate 0.0% return on investment in Baudax BioInc over 30 days. Baudax BioInc is related to or competes with Silo Pharma, Protagenic Therapeutics, and Eledon Pharmaceuticals. Baudax Bio, Inc., a pharmaceutical company, develops and commercializes products for hospital and other acute care setti... More
Baudax BioInc 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 Baudax BioInc'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 Baudax BioInc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 90.39 | |||
| Value At Risk | (18.75) | |||
| Potential Upside | 15.48 |
Baudax BioInc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baudax BioInc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baudax BioInc's standard deviation. In reality, there are many statistical measures that can use Baudax BioInc historical prices to predict the future Baudax BioInc's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.76) | |||
| Total Risk Alpha | (2.22) | |||
| Treynor Ratio | (0.19) |
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.
Baudax BioInc Backtested Returns
Baudax BioInc secures Sharpe Ratio (or Efficiency) of -0.0454, which signifies that the company had a -0.0454% return per unit of risk over the last 3 months. Baudax BioInc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Baudax BioInc's Standard Deviation of 12.38, mean deviation of 7.9, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.78, 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, Baudax BioInc will likely underperform. Baudax BioInc has an expected return of -0.57%. Please make sure to confirm Baudax BioInc treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Baudax BioInc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Baudax BioInc has average predictability. Overlapping area represents the amount of predictability between Baudax BioInc time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Baudax BioInc price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Baudax BioInc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Baudax BioInc lagged returns against current returns
Autocorrelation, which is Baudax BioInc 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 Baudax BioInc's stock expected returns. We can calculate the autocorrelation of Baudax BioInc returns to help us make a trade decision. For example, suppose you find that Baudax BioInc 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 |
Baudax BioInc 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 Baudax BioInc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baudax BioInc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baudax BioInc stock over time.
Current vs Lagged Prices |
| Timeline |
Baudax BioInc Lagged Returns
When evaluating Baudax BioInc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baudax BioInc stock have on its future price. Baudax BioInc 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, Baudax BioInc autocorrelation shows the relationship between Baudax BioInc stock current value and its past values and can show if there is a momentum factor associated with investing in Baudax BioInc.
Regressed Prices |
| Timeline |
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 Baudax BioInc 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, Baudax BioInc's short interest history, or implied volatility extrapolated from Baudax BioInc options trading.
Pair Trading with Baudax BioInc
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.Moving against Baudax Stock
| 0.81 | ELEV | Elevation Oncology Earnings Call This Week | PairCorr |
| 0.75 | VKTX | Viking Therapeutics Potential Growth | PairCorr |
| 0.75 | XFOR | X4 Pharmaceuticals Earnings Call This Week | PairCorr |
| 0.71 | NRSNW | NeuroSense Therapeutics | PairCorr |
| 0.62 | CGC | Canopy Growth Corp Trending | PairCorr |
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.Check out Baudax BioInc Correlation, Baudax BioInc Volatility and Baudax BioInc Alpha and Beta module to complement your research on Baudax BioInc. For more information on how to buy Baudax Stock please use our How to Invest in Baudax BioInc guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Baudax Stock analysis
When running Baudax BioInc's price analysis, check to measure Baudax BioInc'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 Baudax BioInc is operating at the current time. Most of Baudax BioInc's value examination focuses on studying past and present price action to predict the probability of Baudax BioInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baudax BioInc's price. Additionally, you may evaluate how the addition of Baudax BioInc to your portfolios can decrease your overall portfolio volatility.
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Baudax BioInc 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.