Bg Foods Stock Market Value
| BGS Stock | USD 11.07 0.31 2.88% |
| Symbol | BGS |
BG Foods Price To Book Ratio
Is BG Foods' 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 BG Foods. If investors know BGS 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 BG Foods 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 (0.91) | Dividend Share 0.76 | Earnings Share (0.89) | Revenue Per Share 27.769 | Quarterly Revenue Growth (0.07) |
The market value of BG Foods is measured differently than its book value, which is the value of BGS that is recorded on the company's balance sheet. Investors also form their own opinion of BG Foods' value that differs from its market value or its book value, called intrinsic value, which is BG Foods' 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 BG Foods' market value can be influenced by many factors that don't directly affect BG Foods' 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 BG Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if BG Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BG Foods' 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.
BG Foods '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 BG Foods' 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 BG Foods.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in BG Foods on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding BG Foods or generate 0.0% return on investment in BG Foods over 30 days. BG Foods is related to or competes with Bunge, Archer Daniels, Fresh Del, Limoneira, Alico, and Brasilagro Adr. BG Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products... More
BG Foods 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 BG Foods' 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 BG Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | 0.0382 | |||
| Maximum Drawdown | 26.19 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 3.74 |
BG Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BG Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BG Foods' standard deviation. In reality, there are many statistical measures that can use BG Foods historical prices to predict the future BG Foods' volatility.| Risk Adjusted Performance | 0.0475 | |||
| Jensen Alpha | 0.0783 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0566 | |||
| Treynor Ratio | 0.1253 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BG Foods' 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.
BG Foods Backtested Returns
BG Foods appears to be somewhat reliable, given 3 months investment horizon. BG Foods retains Efficiency (Sharpe Ratio) of 0.0717, which signifies that the company had a 0.0717% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for BG Foods, which you can use to evaluate the volatility of the firm. Please makes use of BG Foods' Coefficient Of Variation of 1569.07, standard deviation of 3.5, and Market Risk Adjusted Performance of 0.1353 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BG Foods holds a performance score of 5. The firm owns a Beta (Systematic Risk) of 1.7, 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, BG Foods will likely underperform. Please check BG Foods' coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether BG Foods' current price history will revert.
Auto-correlation | 0.28 |
Poor predictability
BG Foods has poor predictability. Overlapping area represents the amount of predictability between BG Foods time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 BG Foods price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current BG Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
BG Foods lagged returns against current returns
Autocorrelation, which is BG Foods 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 BG Foods' stock expected returns. We can calculate the autocorrelation of BG Foods returns to help us make a trade decision. For example, suppose you find that BG Foods 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 |
BG Foods 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 BG Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BG Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BG Foods stock over time.
Current vs Lagged Prices |
| Timeline |
BG Foods Lagged Returns
When evaluating BG Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BG Foods stock have on its future price. BG Foods 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, BG Foods autocorrelation shows the relationship between BG Foods stock current value and its past values and can show if there is a momentum factor associated with investing in BG Foods.
Regressed Prices |
| Timeline |
Pair Trading with BG Foods
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 BG Foods 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 BG Foods will appreciate offsetting losses from the drop in the long position's value.Moving together with BGS Stock
| 0.75 | DOLE | Dole PLC Financial Report 16th of May 2024 | PairCorr |
Moving against BGS Stock
| 0.81 | SAM | Boston Beer Earnings Call This Week | PairCorr |
| 0.61 | BUD | Anheuser Busch Inbev Financial Report 2nd of May 2024 | PairCorr |
| 0.48 | FMX | Fomento Economico Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to BG Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BG Foods 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 BG Foods - 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 BG Foods to buy it.
The correlation of BG Foods 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 BG Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BG Foods 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 BG Foods 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 BG Foods Correlation, BG Foods Volatility and BG Foods Alpha and Beta module to complement your research on BG Foods. For more information on how to buy BGS Stock please use our How to Invest in BG Foods guide.Note that the BG Foods information on this page should be used as a complementary analysis to other BG Foods' 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for BGS Stock analysis
When running BG Foods' price analysis, check to measure BG Foods' 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 BG Foods is operating at the current time. Most of BG Foods' value examination focuses on studying past and present price action to predict the probability of BG Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BG Foods' price. Additionally, you may evaluate how the addition of BG Foods to your portfolios can decrease your overall portfolio volatility.
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BG Foods 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.