Brookfield Business Stock Forecast - Daily Balance Of Power
| BBU-UN Stock | CAD 36.39 0.71 1.91% |
Brookfield Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Brookfield Business stock prices and determine the direction of Brookfield Business Partners's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Brookfield Business' historical fundamentals, such as revenue growth or operating cash flow patterns.
Brookfield |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.47) | 0.7662 |
| Check Brookfield Business Volatility | Backtest Brookfield Business | Trend Details |
Brookfield Business Trading Date Momentum
| On June 27 2024 Brookfield Business Partners was traded for 24.85 at the closing time. The highest price during the trading period was 25.26 and the lowest recorded bid was listed for 24.56 . The volume for the day was 5.7 K. This history from June 27, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.20% . The overall trading delta to the current price is 2.41% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Brookfield Business to competition |
Other Forecasting Options for Brookfield Business
For every potential investor in Brookfield, whether a beginner or expert, Brookfield Business' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Brookfield Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Brookfield. Basic forecasting techniques help filter out the noise by identifying Brookfield Business' price trends.Brookfield Business 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 Business stock to make a market-neutral strategy. Peer analysis of Brookfield Business could also be used in its relative valuation, which is a method of valuing Brookfield Business by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Brookfield Business Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Brookfield Business' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Brookfield Business' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Brookfield Business Market Strength Events
Market strength indicators help investors to evaluate how Brookfield Business 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 Business shares will generate the highest return on investment. By undertsting and applying Brookfield Business stock market strength indicators, traders can identify Brookfield Business Partners entry and exit signals to maximize returns.
Brookfield Business Risk Indicators
The analysis of Brookfield Business' 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 Business' 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 | 1.78 | |||
| Semi Deviation | 1.71 | |||
| Standard Deviation | 2.22 | |||
| Variance | 4.94 | |||
| Downside Variance | 4.16 | |||
| Semi Variance | 2.93 | |||
| Expected Short fall | (1.97) |
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 Business
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 Business 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 Business will appreciate offsetting losses from the drop in the long position's value.Moving together with Brookfield Stock
| 0.72 | JPM | JPMorgan Chase | PairCorr |
| 0.81 | BOFA | Bank of America | PairCorr |
| 0.65 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.71 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Brookfield Business 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 Business 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 Business - 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 Business Partners to buy it.
The correlation of Brookfield Business 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 Business moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Business 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 Business 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 Historical Fundamental Analysis of Brookfield Business to cross-verify your projections. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.