Baytex Energy Corp Stock Market Value
| BTE Stock | CAD 4.64 0.09 1.90% |
| Symbol | Baytex |
Baytex Energy Corp Price To Book Ratio
Baytex Energy '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 Baytex Energy'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 Baytex Energy.
| 05/12/2024 |
| 06/11/2024 |
If you would invest 0.00 in Baytex Energy on May 12, 2024 and sell it all today you would earn a total of 0.00 from holding Baytex Energy Corp or generate 0.0% return on investment in Baytex Energy over 30 days. Baytex Energy is related to or competes with Crew Energy, NuVista Energy, Surge Energy, Birchcliff Energy, and Kelt Exploration. Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadia... More
Baytex Energy 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 Baytex Energy'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 Baytex Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.27 | |||
| Information Ratio | 0.0586 | |||
| Maximum Drawdown | 13.8 | |||
| Value At Risk | (5.10) | |||
| Potential Upside | 3.89 |
Baytex Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Baytex Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Baytex Energy's standard deviation. In reality, there are many statistical measures that can use Baytex Energy historical prices to predict the future Baytex Energy's volatility.| Risk Adjusted Performance | 0.0451 | |||
| Jensen Alpha | 0.1505 | |||
| Total Risk Alpha | 0.1688 | |||
| Sortino Ratio | 0.0462 | |||
| Treynor Ratio | 0.1648 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baytex Energy'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.
Baytex Energy Corp Backtested Returns
We consider Baytex Energy slightly risky. Baytex Energy Corp secures Sharpe Ratio (or Efficiency) of 0.0479, which signifies that the company had a 0.0479% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Baytex Energy Corp, which you can use to evaluate the volatility of the firm. Please confirm Baytex Energy's Mean Deviation of 1.86, risk adjusted performance of 0.0451, and Downside Deviation of 3.27 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Baytex Energy has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.88, which signifies possible diversification benefits within a given portfolio. Baytex Energy returns are very sensitive to returns on the market. As the market goes up or down, Baytex Energy is expected to follow. Baytex Energy Corp right now shows a risk of 2.63%. Please confirm Baytex Energy Corp value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to decide if Baytex Energy Corp will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Baytex Energy Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Baytex Energy time series from 12th of May 2024 to 27th of May 2024 and 27th of May 2024 to 11th of June 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 Baytex Energy Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Baytex Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Baytex Energy Corp lagged returns against current returns
Autocorrelation, which is Baytex Energy 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 Baytex Energy's stock expected returns. We can calculate the autocorrelation of Baytex Energy returns to help us make a trade decision. For example, suppose you find that Baytex Energy 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 |
Baytex Energy 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 Baytex Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Baytex Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Baytex Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Baytex Energy Lagged Returns
When evaluating Baytex Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Baytex Energy stock have on its future price. Baytex Energy 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, Baytex Energy autocorrelation shows the relationship between Baytex Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Baytex Energy Corp.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Baytex Stock
When determining whether Baytex Energy Corp is a strong investment it is important to analyze Baytex Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Baytex Energy's future performance. For an informed investment choice regarding Baytex Stock, refer to the following important reports:Check out Baytex Energy Correlation, Baytex Energy Volatility and Baytex Energy Alpha and Beta module to complement your research on Baytex Energy. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Baytex Energy 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.