Brookfield Renewable Corp Stock Market Value

BEPC Stock  CAD 44.85  1.93  4.50%   
Brookfield Renewable's market value is the price at which a share of Brookfield Renewable trades on a public exchange. It measures the collective expectations of Brookfield Renewable Corp investors about its performance. Brookfield Renewable is selling at 44.85 as of the 25th of November 2024; that is 4.50% increase since the beginning of the trading day. The stock's open price was 42.92.
With this module, you can estimate the performance of a buy and hold strategy of Brookfield Renewable Corp and determine expected loss or profit from investing in Brookfield Renewable over a given investment horizon. Check out Brookfield Renewable Correlation, Brookfield Renewable Volatility and Brookfield Renewable Alpha and Beta module to complement your research on Brookfield Renewable.
Symbol

Brookfield Renewable Corp Price To Book Ratio

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.

Brookfield Renewable '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 Renewable'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 Renewable.
0.00
10/26/2024
No Change 0.00  0.0 
In 31 days
11/25/2024
0.00
If you would invest  0.00  in Brookfield Renewable on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Brookfield Renewable Corp or generate 0.0% return on investment in Brookfield Renewable over 30 days. Brookfield Renewable is related to or competes with Boralex, Capital Power, and Brookfield Renewable. Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily... More

Brookfield Renewable 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 Renewable'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 Renewable Corp upside and downside potential and time the market with a certain degree of confidence.

Brookfield Renewable Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Brookfield Renewable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brookfield Renewable's standard deviation. In reality, there are many statistical measures that can use Brookfield Renewable historical prices to predict the future Brookfield Renewable's volatility.
Hype
Prediction
LowEstimatedHigh
42.6545.1347.61
Details
Intrinsic
Valuation
LowRealHigh
34.2936.7749.34
Details
Naive
Forecast
LowNextHigh
43.0745.5548.02
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.26-0.26-0.26
Details

Brookfield Renewable Corp Backtested Returns

Brookfield Renewable appears to be very steady, given 3 months investment horizon. Brookfield Renewable Corp secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Brookfield Renewable Corp, which you can use to evaluate the volatility of the firm. Please makes use of Brookfield Renewable's Downside Deviation of 2.14, risk adjusted performance of 0.0772, and Mean Deviation of 1.77 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Brookfield Renewable holds a performance score of 8. The firm shows a Beta (market volatility) of -0.76, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Brookfield Renewable are expected to decrease at a much lower rate. During the bear market, Brookfield Renewable is likely to outperform the market. Please check Brookfield Renewable's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Brookfield Renewable's price patterns will revert.

Auto-correlation

    
  -0.26  

Weak reverse predictability

Brookfield Renewable Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Brookfield Renewable time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Renewable Corp price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Brookfield Renewable price fluctuation can be explain by its past prices.
Correlation Coefficient-0.26
Spearman Rank Test-0.11
Residual Average0.0
Price Variance0.97

Brookfield Renewable Corp lagged returns against current returns

Autocorrelation, which is Brookfield Renewable 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 Renewable's stock expected returns. We can calculate the autocorrelation of Brookfield Renewable returns to help us make a trade decision. For example, suppose you find that Brookfield Renewable 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 Renewable 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 Renewable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brookfield Renewable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brookfield Renewable stock over time.
   Current vs Lagged Prices   
       Timeline  

Brookfield Renewable Lagged Returns

When evaluating Brookfield Renewable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brookfield Renewable stock have on its future price. Brookfield Renewable 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 Renewable autocorrelation shows the relationship between Brookfield Renewable stock current value and its past values and can show if there is a momentum factor associated with investing in Brookfield Renewable Corp.
   Regressed Prices   
       Timeline  

Pair Trading with Brookfield Renewable

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 Renewable 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 Renewable will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Brookfield Renewable 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 Renewable 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 Renewable - 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 Renewable Corp to buy it.
The correlation of Brookfield Renewable 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 Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Renewable Corp 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 Renewable 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.
Pair CorrelationCorrelation Matching
When determining whether Brookfield Renewable Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Brookfield Renewable's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Brookfield Renewable Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Brookfield Renewable Corp Stock:
Check out Brookfield Renewable Correlation, Brookfield Renewable Volatility and Brookfield Renewable Alpha and Beta module to complement your research on Brookfield Renewable.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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.
A focus of Brookfield Renewable technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Brookfield Renewable trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...