Brookfield Asset Management Stock Market Value
| BAM Stock | 78.42 0.92 1.19% |
| Symbol | Brookfield |
Brookfield Asset Man Price To Book Ratio
Brookfield Asset '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 Brookfield Asset'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 Brookfield Asset.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Brookfield Asset on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Brookfield Asset Management or generate 0.0% return on investment in Brookfield Asset over 30 days. Brookfield Asset is related to or competes with Rogers Communications, Algonquin Power, Cogeco Communications, Verizon Communications, Toronto Dominion, North American, and Data Communications. Brookfield Asset is entity of Canada. It is traded as Stock on TO exchange. More
Brookfield Asset 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 Brookfield Asset'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 Brookfield Asset Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9876 | |||
| Information Ratio | 0.2961 | |||
| Maximum Drawdown | 6.36 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 3.39 |
Brookfield Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brookfield Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brookfield Asset's standard deviation. In reality, there are many statistical measures that can use Brookfield Asset historical prices to predict the future Brookfield Asset's volatility.| Risk Adjusted Performance | 0.3036 | |||
| Jensen Alpha | 0.4823 | |||
| Total Risk Alpha | 0.3138 | |||
| Sortino Ratio | 0.4176 | |||
| Treynor Ratio | 1.26 |
Brookfield Asset Man Backtested Returns
Brookfield Asset appears to be very steady, given 3 months investment horizon. Brookfield Asset Man secures Sharpe Ratio (or Efficiency) of 0.42, which signifies that the company had a 0.42% return per unit of risk over the last 3 months. By analyzing Brookfield Asset's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of Brookfield Asset's Downside Deviation of 0.9876, mean deviation of 1.06, and Risk Adjusted Performance of 0.3036 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Brookfield Asset holds a performance score of 32. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brookfield Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brookfield Asset is expected to be smaller as well. Please check Brookfield Asset's downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether Brookfield Asset's price patterns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Brookfield Asset Management has very good reverse predictability. Overlapping area represents the amount of predictability between Brookfield Asset time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Brookfield Asset Man price movement. The serial correlation of -0.7 indicates that around 70.0% of current Brookfield Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.97 |
Brookfield Asset Man lagged returns against current returns
Autocorrelation, which is Brookfield Asset 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 Brookfield Asset's stock expected returns. We can calculate the autocorrelation of Brookfield Asset returns to help us make a trade decision. For example, suppose you find that Brookfield Asset 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 |
Brookfield Asset 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 Brookfield Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brookfield Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brookfield Asset stock over time.
Current vs Lagged Prices |
| Timeline |
Brookfield Asset Lagged Returns
When evaluating Brookfield Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brookfield Asset stock have on its future price. Brookfield Asset 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, Brookfield Asset autocorrelation shows the relationship between Brookfield Asset stock current value and its past values and can show if there is a momentum factor associated with investing in Brookfield Asset Management.
Regressed Prices |
| Timeline |
Pair Trading with Brookfield Asset
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 Asset 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 Asset will appreciate offsetting losses from the drop in the long position's value.Moving together with Brookfield Stock
Moving against Brookfield Stock
The ability to find closely correlated positions to Brookfield Asset 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 Asset 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 Asset - 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 Asset Management to buy it.
The correlation of Brookfield Asset 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 Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Asset Man 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 Asset 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 Brookfield Asset Correlation, Brookfield Asset Volatility and Brookfield Asset Alpha and Beta module to complement your research on Brookfield Asset. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Brookfield Asset 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.