Braille Energy Systems Stock Market Value
BES Stock | CAD 0.07 0.01 7.14% |
Symbol | Braille |
Braille Energy Systems Price To Book Ratio
Braille Energy '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 Braille Energy'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 Braille Energy.
10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Braille Energy on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Braille Energy Systems or generate 0.0% return on investment in Braille Energy over 30 days. Braille Energy Systems Inc. manufactures and supplies ultra-lightweight lithium-ion batteries to the professional motor ... More
Braille Energy 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 Braille Energy'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 Braille Energy Systems upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.06) | |||
Maximum Drawdown | 27.88 | |||
Value At Risk | (7.14) | |||
Potential Upside | 7.14 |
Braille Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Braille Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Braille Energy's standard deviation. In reality, there are many statistical measures that can use Braille Energy historical prices to predict the future Braille Energy's volatility.Risk Adjusted Performance | (0.02) | |||
Jensen Alpha | (0.18) | |||
Total Risk Alpha | (1.01) | |||
Treynor Ratio | 4.4 |
Braille Energy Systems Backtested Returns
Braille Energy Systems secures Sharpe Ratio (or Efficiency) of -0.0535, which signifies that the company had a -0.0535% return per unit of standard deviation over the last 3 months. Braille Energy Systems exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Braille Energy's mean deviation of 3.04, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0425, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Braille Energy are expected to decrease at a much lower rate. During the bear market, Braille Energy is likely to outperform the market. At this point, Braille Energy Systems has a negative expected return of -0.28%. Please make sure to confirm Braille Energy's standard deviation and the relationship between the treynor ratio and day typical price , to decide if Braille Energy Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Braille Energy Systems has virtually no predictability. Overlapping area represents the amount of predictability between Braille Energy time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Braille Energy Systems price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Braille Energy price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.08 | |
Spearman Rank Test | -0.55 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Braille Energy Systems lagged returns against current returns
Autocorrelation, which is Braille Energy 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 Braille Energy's stock expected returns. We can calculate the autocorrelation of Braille Energy returns to help us make a trade decision. For example, suppose you find that Braille Energy 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 |
Braille Energy 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 Braille Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Braille Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Braille Energy stock over time.
Current vs Lagged Prices |
Timeline |
Braille Energy Lagged Returns
When evaluating Braille Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Braille Energy stock have on its future price. Braille Energy 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, Braille Energy autocorrelation shows the relationship between Braille Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Braille Energy Systems.
Regressed Prices |
Timeline |
Thematic Opportunities
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Additional Tools for Braille Stock Analysis
When running Braille Energy's price analysis, check to measure Braille Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Braille Energy is operating at the current time. Most of Braille Energy's value examination focuses on studying past and present price action to predict the probability of Braille Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Braille Energy's price. Additionally, you may evaluate how the addition of Braille Energy to your portfolios can decrease your overall portfolio volatility.