Brookfield Renewable Partners Stock Price on October 2, 2024
| BEPJ Stock | 26.30 0.16 0.60% |
If you're considering investing in Brookfield Stock, it is important to understand the factors that can impact its price. As of today, the current price of Brookfield Renewable stands at 26.30, as last reported on the 22nd of November, with the highest price reaching 26.59 and the lowest price hitting 26.29 during the day. Brookfield Renewable is very steady at the moment. Brookfield Renewable secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Brookfield Renewable Partners, which you can use to evaluate the volatility of the firm. Please confirm Brookfield Renewable's Risk Adjusted Performance of 0.1178, downside deviation of 0.5288, and Mean Deviation of 0.4195 to double-check if the risk estimate we provide is consistent with the expected return of 0.0826%.
Brookfield Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Brookfield |
Sharpe Ratio = 0.15
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Estimated Market Risk
| 0.55 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Brookfield Renewable is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Brookfield Renewable by adding it to a well-diversified portfolio.
Brookfield Renewable Valuation on October 2, 2024
It is possible to determine the worth of Brookfield Renewable on a given historical date. On October 2, 2024 Brookfield was worth 25.4 at the beginning of the trading date compared to the closed value of 25.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Brookfield Renewable stock. Still, in general, we apply an absolute valuation method to find Brookfield Renewable's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Brookfield Renewable where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Brookfield Renewable's related companies.
| Open | High | Low | Close | Volume | |
| 25.31 | 25.32 | 25.15 | 25.32 | 7,300 | |
10/02/2024 | 25.40 | 25.40 | 25.14 | 25.31 | 26,800 |
| 25.15 | 25.40 | 25.15 | 25.35 | 5,100 |
| Backtest Brookfield Renewable | | | Brookfield Renewable History | | | Brookfield Renewable Valuation | Previous | Next |
Brookfield Renewable Trading Date Momentum on October 2, 2024
| On October 03 2024 Brookfield Renewable Partners was traded for 25.35 at the closing time. The top price for the day was 25.40 and the lowest listed price was 25.15 . The trading volume for the day was 5.1 K. The trading history from October 3, 2024 was a factor to the next trading day price surge. The overall trading delta against the next closing price was 0.16% . The overall trading delta against the current closing price is 0.40% . |
About Brookfield Renewable Stock history
Brookfield Renewable investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Brookfield is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Brookfield Renewable will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Brookfield Renewable stock prices may prove useful in developing a viable investing in Brookfield Renewable
Brookfield Renewable Stock Technical Analysis
Brookfield Renewable 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.
Price Boundaries
Brookfield Renewable Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
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Brookfield Renewable November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Brookfield Renewable 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 Renewable shares will generate the highest return on investment. By undertsting and applying Brookfield Renewable stock market strength indicators, traders can identify Brookfield Renewable Partners entry and exit signals to maximize returns
Brookfield Renewable Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Brookfield Renewable's price direction in advance. Along with the technical and fundamental analysis of Brookfield Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Brookfield to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1178 | |||
| Jensen Alpha | 0.0812 | |||
| Total Risk Alpha | 0.0059 | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (1.75) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Renewable Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Utilities space 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 Brookfield Renewable. If investors know Brookfield 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 Brookfield Renewable listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Brookfield Renewable is measured differently than its book value, which is the value of Brookfield that is recorded on the company's balance sheet. Investors also form their own opinion of Brookfield Renewable's value that differs from its market value or its book value, called intrinsic value, which is Brookfield Renewable's 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 Brookfield Renewable's market value can be influenced by many factors that don't directly affect Brookfield Renewable's 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 Brookfield Renewable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brookfield Renewable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brookfield Renewable's 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.