BRISTOL MYERS SQUIBB Profile
| 110122AX6 | 110.68 24.74 28.79% |
Performance5 of 100
| Odds Of DefaultLess than 47
|
BRISTOL MYERS SQUIBB CO 4.5 percent 01Mar2044 is a Senior Unsecured Note issued by the corporate entity on the 24th of October 2013. BRISTOL is trading at 110.68 as of the 29th of April 2024, a 28.79 percent increase since the beginning of the trading day. The bond's open price was 85.94. BRISTOL has 47 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Ratings for BRISTOL MYERS SQUIBB are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of March 2024 and ending today, the 29th of April 2024. Click here to learn more.
Moving against BRISTOL Bond
| 0.84 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.82 | DD | Dupont De Nemours Report 7th of May 2024 | PairCorr |
| 0.79 | CAT | Caterpillar Financial Report 6th of August 2024 | PairCorr |
| 0.74 | WMT | Walmart Sell-off Trend | PairCorr |
| 0.73 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.69 | XOM | Exxon Mobil Corp Financial Report 26th of July 2024 | PairCorr |
| 0.66 | TRV | The Travelers Companies Sell-off Trend | PairCorr |
BRISTOL Bond Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. BRISTOL's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding BRISTOL or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | BRISTOL MYERS SQUIBB Corporate Bond, Industrial, Manufacturing (View all Sectors) |
| Sub Product Asset | CORP |
| Next Call Date | 1st of September 2043 |
| Coupon Payment Frequency | Semi-Annual |
| Callable | Yes |
| Sub Product Asset Type | Corporate Bond |
| Name | BRISTOL MYERS SQUIBB CO 4.5 percent 01Mar2044 |
| C U S I P | 110122AX6 |
| Offering Date | 24th of October 2013 |
| Coupon | 4.5 |
| Debt Type | Senior Unsecured Note |
| I S I N | US110122AX68 |
| Issuer Country | USA |
| Yield To Maturity | 5.665 |
| Price | 85.97 |
BRISTOL MYERS SQUIBB (110122AX6) is traded in USA.
BRISTOL Target Price Odds Analysis
What are BRISTOL's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of BRISTOL jumping above the current price in 90 days from now is near 1%. The BRISTOL MYERS SQUIBB probability density function shows the probability of BRISTOL bond to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon BRISTOL has a beta of 0.7715. This usually implies as returns on the market go up, BRISTOL average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding BRISTOL MYERS SQUIBB will be expected to be much smaller as well. Additionally, bRISTOL MYERS SQUIBB has an alpha of 0.132, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of BRISTOL to move above the current price in 90 days from now is near 1 (This BRISTOL MYERS SQUIBB probability density function shows the probability of BRISTOL Bond to fall within a particular range of prices over 90 days) .
BRISTOL MYERS SQUIBB Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. BRISTOL market risk premium is the additional return an investor will receive from holding BRISTOL long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in BRISTOL. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although BRISTOL's alpha and beta are two of the key measurements used to evaluate BRISTOL's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.76 | |||
| Semi Deviation | 3.27 | |||
| Standard Deviation | 4.1 | |||
| Variance | 16.83 |
BRISTOL Against Markets
Picking the right benchmark for BRISTOL bond is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in BRISTOL bond price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for BRISTOL is critical whether you are bullish or bearish towards BRISTOL MYERS SQUIBB at a given time. Please also check how BRISTOL's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in BRISTOL without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy BRISTOL Bond?
Before investing in BRISTOL, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in BRISTOL. To buy BRISTOL bond, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of BRISTOL. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase BRISTOL bond. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located BRISTOL MYERS SQUIBB bond in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased BRISTOL MYERS SQUIBB bond, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the bond
It's important to note that investing in stocks, such as BRISTOL MYERS SQUIBB, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in bond prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in BRISTOL MYERS SQUIBB?
The danger of trading BRISTOL MYERS SQUIBB is mainly related to its market volatility and Corporate Bond specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of BRISTOL is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than BRISTOL. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile BRISTOL MYERS SQUIBB is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in BRISTOL MYERS SQUIBB. Also, note that the market value of any corporate bond could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.