Baytex Energy Corp Stock Market Value
| BTE Stock | CAD 2.84 0.13 4.80% |
| Symbol | Baytex |
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.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Baytex Energy on April 24, 2025 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 90 days. Baytex Energy is related to or competes with Baytex Energy, Tamarack Valley, Athabasca Oil, MEG Energy, Whitecap Resources, and Cenovus Energy. 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 | 3.81 | |||
| Information Ratio | 0.0567 | |||
| Maximum Drawdown | 18.13 | |||
| Value At Risk | (5.62) | |||
| Potential Upside | 6.83 |
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 | 0.1069 | |||
| Jensen Alpha | 0.351 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0587 | |||
| Treynor Ratio | 1.13 |
Baytex Energy Corp Backtested Returns
Baytex Energy appears to be very risky, given 3 months investment horizon. Baytex Energy Corp secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Baytex Energy Corp, which you can use to evaluate the volatility of the firm. Please makes use of Baytex Energy's Downside Deviation of 3.81, risk adjusted performance of 0.1069, and Mean Deviation of 3.04 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Baytex Energy holds a performance score of 8. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Baytex Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Baytex Energy is expected to be smaller as well. Please check Baytex Energy's value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Baytex Energy's price patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Baytex Energy Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Baytex Energy time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. 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 -0.44 indicates that just about 44.0% of current Baytex Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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 |
Pair Trading with Baytex Energy
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 Baytex Energy 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 Baytex Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Baytex Stock
| 0.68 | ENB-PFC | Enbridge Pref 11 Earnings Call Next Week | PairCorr |
| 0.66 | ENB-PFU | Enbridge Pref L Earnings Call Next Week | PairCorr |
Moving against Baytex Stock
| 0.73 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.73 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.65 | ENS-PA | E Split Corp | PairCorr |
| 0.61 | WMT | Walmart Inc CDR | PairCorr |
The ability to find closely correlated positions to Baytex Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Baytex Energy 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 Baytex Energy - 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 Baytex Energy Corp to buy it.
The correlation of Baytex Energy 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 Baytex Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Baytex Energy Corp 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 Baytex Energy 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 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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.