Bausch Health Companies Stock Beta
| BHC Stock | CAD 10.68 0.41 3.99% |
Bausch Health Companies fundamentals help investors to digest information that contributes to Bausch Health's financial success or failures. It also enables traders to predict the movement of Bausch Stock. The fundamental analysis module provides a way to measure Bausch Health's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bausch Health stock.
Bausch | Beta |
Bausch Health Companies Company Beta Analysis
Bausch Health's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Bausch Health Beta | 0.86 |
Most of Bausch Health's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bausch Health Companies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Bausch Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Bausch Health is extremely important. It helps to project a fair market value of Bausch Stock properly, considering its historical fundamentals such as Beta. Since Bausch Health's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bausch Health's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bausch Health's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Bausch Health Companies has a Beta of 0.861. This indicator is about the same for the Pharmaceuticals average (which is currently at 0.86) sector and 48.75% lower than that of the Health Care industry. The beta for all Canada stocks is notably lower than that of the firm.
Bausch Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bausch Health's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bausch Health could also be used in its relative valuation, which is a method of valuing Bausch Health by comparing valuation metrics of similar companies.Bausch Health is currently under evaluation in beta category among related companies.
Bausch Health Current Valuation Drivers
We derive many important indicators used in calculating different scores of Bausch Health from analyzing Bausch Health's financial statements. These drivers represent accounts that assess Bausch Health's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Bausch Health's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 10.5B | 7.3B | 9.8B | 2.9B | 2.6B | 2.5B | |
| Enterprise Value | 33.2B | 30.7B | 31.9B | 24.4B | 21.9B | 14.2B |
Bausch Health ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Bausch Health's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Bausch Health's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Bausch Health returns are very sensitive to returns on the market. As the market goes up or down, Bausch Health is expected to follow.
Bausch Fundamentals
| Return On Equity | -6.87 | ||||
| Return On Asset | 0.0404 | ||||
| Profit Margin | (0.05) % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 26.05 B | ||||
| Shares Outstanding | 366.8 M | ||||
| Shares Owned By Insiders | 0.91 % | ||||
| Shares Owned By Institutions | 78.97 % | ||||
| Number Of Shares Shorted | 1.98 M | ||||
| Price To Book | 18.74 X | ||||
| Price To Sales | 0.51 X | ||||
| Revenue | 8.76 B | ||||
| Gross Profit | 5.76 B | ||||
| EBITDA | 2.96 B | ||||
| Net Income | (592 M) | ||||
| Cash And Equivalents | 564 M | ||||
| Cash Per Share | 2.49 X | ||||
| Total Debt | 450 M | ||||
| Debt To Equity | 906.20 % | ||||
| Current Ratio | 1.21 X | ||||
| Book Value Per Share | (3.04) X | ||||
| Cash Flow From Operations | 1.12 B | ||||
| Short Ratio | 4.86 X | ||||
| Earnings Per Share | (1.70) X | ||||
| Price To Earnings To Growth | 0.02 X | ||||
| Target Price | 13.32 | ||||
| Number Of Employees | 20.27 K | ||||
| Beta | 0.86 | ||||
| Market Capitalization | 3.77 B | ||||
| Total Asset | 27.35 B | ||||
| Retained Earnings | (9.78 B) | ||||
| Working Capital | 1.29 B | ||||
| Net Asset | 27.35 B |
About Bausch Health Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bausch Health Companies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bausch Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bausch Health Companies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Bausch Health
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 Bausch Health 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 Bausch Health will appreciate offsetting losses from the drop in the long position's value.Moving together with Bausch Stock
| 0.78 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to Bausch Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bausch Health 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 Bausch Health - 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 Bausch Health Companies to buy it.
The correlation of Bausch Health 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 Bausch Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bausch Health Companies 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 Bausch Health 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bausch Health Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Bausch Health Companies information on this page should be used as a complementary analysis to other Bausch Health'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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Bausch Stock analysis
When running Bausch Health's price analysis, check to measure Bausch Health'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 Bausch Health is operating at the current time. Most of Bausch Health's value examination focuses on studying past and present price action to predict the probability of Bausch Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bausch Health's price. Additionally, you may evaluate how the addition of Bausch Health to your portfolios can decrease your overall portfolio volatility.
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