Becton Dickinson Stock Forecast - Skewness
| BDX Stock | USD 236.30 0.32 0.14% |
Becton Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Becton Dickinson stock prices and determine the direction of Becton Dickinson and's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Becton Dickinson's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Becton Dickinson's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Becton Dickinson's systematic risk associated with finding meaningful patterns of Becton Dickinson fundamentals over time.
Check out Historical Fundamental Analysis of Becton Dickinson to cross-verify your projections. Becton |
Open Interest Against 2024-06-21 Becton Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Becton Dickinson's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Becton Dickinson's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Becton Dickinson stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Becton Dickinson's open interest, investors have to compare it to Becton Dickinson's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Becton Dickinson is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Becton. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Becton Dickinson cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Becton Dickinson's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Becton Dickinson's price structures and extracts relationships that further increase the generated results' accuracy.
| Previous Skewness | Skewness | Trend |
| 0 | 0 |
| Check Becton Dickinson Volatility | Backtest Becton Dickinson | Information Ratio |
Becton Dickinson Trading Date Momentum
| On May 17 2024 Becton Dickinson and was traded for 236.30 at the closing time. Highest Becton Dickinson's price during the trading hours was 237.09 and the lowest price during the day was 234.73 . The net volume was 1.8 M. The overall trading history on the 17th of May 2024 did not affect price variability. The overall trading delta to current price is 0.33% . |
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Other Forecasting Options for Becton Dickinson
For every potential investor in Becton, whether a beginner or expert, Becton Dickinson's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Becton Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Becton. Basic forecasting techniques help filter out the noise by identifying Becton Dickinson's price trends.Becton Dickinson Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Becton Dickinson stock to make a market-neutral strategy. Peer analysis of Becton Dickinson could also be used in its relative valuation, which is a method of valuing Becton Dickinson by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Becton Dickinson Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Becton Dickinson's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Becton Dickinson's current price.| Cycle Indicators | ||
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Becton Dickinson Market Strength Events
Market strength indicators help investors to evaluate how Becton Dickinson stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Becton Dickinson shares will generate the highest return on investment. By undertsting and applying Becton Dickinson stock market strength indicators, traders can identify Becton Dickinson and entry and exit signals to maximize returns.
| Accumulation Distribution | 17768.39 | |||
| Daily Balance Of Power | (0.14) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 235.91 | |||
| Day Typical Price | 236.04 | |||
| Price Action Indicator | 0.23 | |||
| Period Momentum Indicator | (0.32) | |||
| Relative Strength Index | 49.44 |
Becton Dickinson Risk Indicators
The analysis of Becton Dickinson's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Becton Dickinson's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting becton stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.8699 | |||
| Standard Deviation | 1.11 | |||
| Variance | 1.24 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| C | Citigroup | |
| CRM | Salesforce | |
| MSFT | Microsoft |
Check out Historical Fundamental Analysis of Becton Dickinson to cross-verify your projections. 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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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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 0.209 | Dividend Share 3.72 | Earnings Share 4.68 | Revenue Per Share 68.172 | Quarterly Revenue Growth 0.046 |
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.