Brightspire Graham Number from 2010 to 2024
| BRSP Stock | USD 6.23 0.05 0.81% |
Graham Number | First Reported 2010-12-31 | Previous Quarter 5.26121496 | Current Value 5 | Quarterly Volatility 9.50887265 |
Check Brightspire Capital financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Brightspire Capital's main balance sheet or income statement drivers, such as Depreciation And Amortization of 31.9 M, Interest Expense of 31.6 M or Selling General Administrative of 49.6 M, as well as many indicators such as Price To Sales Ratio of 2.29, Dividend Yield of 0.0733 or PTB Ratio of 0.7. Brightspire financial statements analysis is a perfect complement when working with Brightspire Capital Valuation or Volatility modules.
Brightspire | Graham Number |
Latest Brightspire Capital's Graham Number Growth Pattern
Below is the plot of the Graham Number of Brightspire Capital over the last few years. It is Brightspire Capital's Graham Number historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Brightspire Capital's overall financial position and show how it may be relating to other accounts over time.
| Graham Number | 10 Years Trend |
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Graham Number |
| Timeline |
Brightspire Graham Number Regression Statistics
| Arithmetic Mean | 12.96 | |
| Geometric Mean | 9.33 | |
| Coefficient Of Variation | 73.35 | |
| Mean Deviation | 6.54 | |
| Median | 11.33 | |
| Standard Deviation | 9.51 | |
| Sample Variance | 90.42 | |
| Range | 37.664 | |
| R-Value | (0) | |
| Mean Square Error | 97.37 | |
| R-Squared | 0.000011 | |
| Significance | 0.99 | |
| Slope | (0.01) | |
| Total Sum of Squares | 1,266 |
Brightspire Graham Number History
About Brightspire Capital Financial Statements
Brightspire Capital shareholders use historical fundamental indicators, such as Graham Number, to determine how well the company is positioned to perform in the future. Although Brightspire Capital investors may analyze each financial statement separately, they are all interrelated. The changes in Brightspire Capital's assets and liabilities, for example, are also reflected in the revenues and expenses on on Brightspire Capital's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Graham Number | 5.26 | 5.00 |
Pair Trading with Brightspire Capital
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 Brightspire Capital 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 Brightspire Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Brightspire Stock
Moving against Brightspire Stock
| 0.83 | O | Realty Income | PairCorr |
| 0.72 | ADC-PA | Agree Realty | PairCorr |
| 0.71 | CKX | CKX Lands | PairCorr |
| 0.59 | BHM | Bluerock Homes Trust | PairCorr |
| 0.55 | VICI | VICI Properties | PairCorr |
The ability to find closely correlated positions to Brightspire Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brightspire Capital 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 Brightspire Capital - 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 Brightspire Capital to buy it.
The correlation of Brightspire Capital 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 Brightspire Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brightspire Capital 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 Brightspire Capital 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.Additional Tools for Brightspire Stock Analysis
When running Brightspire Capital's price analysis, check to measure Brightspire Capital'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 Brightspire Capital is operating at the current time. Most of Brightspire Capital's value examination focuses on studying past and present price action to predict the probability of Brightspire Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brightspire Capital's price. Additionally, you may evaluate how the addition of Brightspire Capital to your portfolios can decrease your overall portfolio volatility.