BROOKFIELD REINSURANCE Stock Forecast - Naive Prediction
| BNRE Stock | 79.73 0.30 0.37% |
The Naive Prediction forecasted value of BROOKFIELD REINSURANCE LTD on the next trading day is expected to be 81.75 with a mean absolute deviation of 1.11 and the sum of the absolute errors of 67.74. BROOKFIELD Stock Forecast is based on your current time horizon. Although BROOKFIELD REINSURANCE's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of BROOKFIELD REINSURANCE's systematic risk associated with finding meaningful patterns of BROOKFIELD REINSURANCE fundamentals over time.
BROOKFIELD |
BROOKFIELD REINSURANCE Naive Prediction Price Forecast For the 26th of November
Given 90 days horizon, the Naive Prediction forecasted value of BROOKFIELD REINSURANCE LTD on the next trading day is expected to be 81.75 with a mean absolute deviation of 1.11, mean absolute percentage error of 1.76, and the sum of the absolute errors of 67.74.Please note that although there have been many attempts to predict BROOKFIELD Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that BROOKFIELD REINSURANCE's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
BROOKFIELD REINSURANCE Stock Forecast Pattern
| Backtest BROOKFIELD REINSURANCE | BROOKFIELD REINSURANCE Price Prediction | Buy or Sell Advice |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of BROOKFIELD REINSURANCE stock data series using in forecasting. Note that when a statistical model is used to represent BROOKFIELD REINSURANCE stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 118.6783 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.1105 |
| MAPE | Mean absolute percentage error | 0.0159 |
| SAE | Sum of the absolute errors | 67.7422 |
Predictive Modules for BROOKFIELD REINSURANCE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BROOKFIELD REINSURANCE. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.BROOKFIELD REINSURANCE Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BROOKFIELD REINSURANCE stock to make a market-neutral strategy. Peer analysis of BROOKFIELD REINSURANCE could also be used in its relative valuation, which is a method of valuing BROOKFIELD REINSURANCE by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BROOKFIELD REINSURANCE Market Strength Events
Market strength indicators help investors to evaluate how BROOKFIELD REINSURANCE stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BROOKFIELD REINSURANCE shares will generate the highest return on investment. By undertsting and applying BROOKFIELD REINSURANCE stock market strength indicators, traders can identify BROOKFIELD REINSURANCE LTD entry and exit signals to maximize returns.
BROOKFIELD REINSURANCE Risk Indicators
The analysis of BROOKFIELD REINSURANCE's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in BROOKFIELD REINSURANCE's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting brookfield stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.23 | |||
| Semi Deviation | 1.21 | |||
| Standard Deviation | 1.66 | |||
| Variance | 2.76 | |||
| Downside Variance | 2.99 | |||
| Semi Variance | 1.47 | |||
| Expected Short fall | (1.30) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with BROOKFIELD REINSURANCE
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 BROOKFIELD REINSURANCE 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 BROOKFIELD REINSURANCE will appreciate offsetting losses from the drop in the long position's value.Moving together with BROOKFIELD Stock
The ability to find closely correlated positions to BROOKFIELD REINSURANCE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BROOKFIELD REINSURANCE 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 BROOKFIELD REINSURANCE - 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 BROOKFIELD REINSURANCE LTD to buy it.
The correlation of BROOKFIELD REINSURANCE 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 BROOKFIELD REINSURANCE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BROOKFIELD REINSURANCE 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 BROOKFIELD REINSURANCE 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.Other Information on Investing in BROOKFIELD Stock
BROOKFIELD REINSURANCE financial ratios help investors to determine whether BROOKFIELD Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BROOKFIELD with respect to the benefits of owning BROOKFIELD REINSURANCE security.