Brinks Company Stock Market Value
| BCO Stock | USD 93.26 0.72 0.78% |
| Symbol | Brinks |
Brinks Company Price To Book Ratio
Is Commercial Services & Supplies 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 Brinks. If investors know Brinks 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 Brinks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.33) | Dividend Share 0.925 | Earnings Share 2.65 | Revenue Per Share 111.895 | Quarterly Revenue Growth 0.025 |
The market value of Brinks Company is measured differently than its book value, which is the value of Brinks that is recorded on the company's balance sheet. Investors also form their own opinion of Brinks' value that differs from its market value or its book value, called intrinsic value, which is Brinks' 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 Brinks' market value can be influenced by many factors that don't directly affect Brinks' 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 Brinks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Brinks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brinks' 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.
Brinks '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 Brinks' 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 Brinks.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Brinks on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Brinks Company or generate 0.0% return on investment in Brinks over 30 days. Brinks is related to or competes with MSA Safety, Resideo Technologies, Mistras, NL Industries, Allegion PLC, and CompX International. The Brinks Company provides secure transportation, cash management, and other security-related services in North America... More
Brinks 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 Brinks' 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 Brinks Company upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.53 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.43 |
Brinks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brinks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brinks' standard deviation. In reality, there are many statistical measures that can use Brinks historical prices to predict the future Brinks' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brinks' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Brinks Company Backtested Returns
Brinks Company secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Brinks Company exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brinks' Standard Deviation of 1.54, risk adjusted performance of (0.08), and Mean Deviation of 1.16 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.94, which signifies possible diversification benefits within a given portfolio. Brinks returns are very sensitive to returns on the market. As the market goes up or down, Brinks is expected to follow. At this point, Brinks Company has a negative expected return of -0.23%. Please make sure to confirm Brinks' skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Brinks Company performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Brinks Company has poor reverse predictability. Overlapping area represents the amount of predictability between Brinks time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Brinks Company price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Brinks price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 10.95 |
Brinks Company lagged returns against current returns
Autocorrelation, which is Brinks 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 Brinks' stock expected returns. We can calculate the autocorrelation of Brinks returns to help us make a trade decision. For example, suppose you find that Brinks 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 |
Brinks 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 Brinks stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brinks stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brinks stock over time.
Current vs Lagged Prices |
| Timeline |
Brinks Lagged Returns
When evaluating Brinks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brinks stock have on its future price. Brinks 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, Brinks autocorrelation shows the relationship between Brinks stock current value and its past values and can show if there is a momentum factor associated with investing in Brinks Company.
Regressed Prices |
| Timeline |
Pair Trading with Brinks
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 Brinks 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 Brinks will appreciate offsetting losses from the drop in the long position's value.Moving together with Brinks Stock
Moving against Brinks Stock
| 0.84 | INOD | Innodata Tech Boost | PairCorr |
| 0.8 | PYCR | Paycor HCM | PairCorr |
| 0.79 | DIST | Distoken Acquisition | PairCorr |
| 0.72 | KAR | KAR Auction Services | PairCorr |
| 0.7 | DRVN | Driven Brands Holdings | PairCorr |
The ability to find closely correlated positions to Brinks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brinks 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 Brinks - 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 Brinks Company to buy it.
The correlation of Brinks 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 Brinks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brinks Company 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 Brinks 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 Brinks Correlation, Brinks Volatility and Brinks Alpha and Beta module to complement your research on Brinks. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Brinks 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.