Brigade High Income Etf Market Value
| BHIIX Etf | 10.45 0.02 0.19% |
| Symbol | Brigade |
The market value of Brigade High Income is measured differently than its book value, which is the value of Brigade that is recorded on the company's balance sheet. Investors also form their own opinion of Brigade High's value that differs from its market value or its book value, called intrinsic value, which is Brigade High'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 Brigade High's market value can be influenced by many factors that don't directly affect Brigade High'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 Brigade High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brigade High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brigade High'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.
Brigade High '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 Brigade High's etf 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 Brigade High.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Brigade High on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Brigade High Income or generate 0.0% return on investment in Brigade High over 30 days. Brigade High is related to or competes with FT Vest, Zillow Group, Northern Lights, VanEck Vectors, Freedom Day, and SSGA Active. More
Brigade High 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 Brigade High's etf 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 Brigade High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2103 | |||
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 0.8674 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.293 |
Brigade High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brigade High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brigade High's standard deviation. In reality, there are many statistical measures that can use Brigade High historical prices to predict the future Brigade High's volatility.| Risk Adjusted Performance | 0.167 | |||
| Jensen Alpha | 0.0346 | |||
| Total Risk Alpha | 0.0125 | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | (7.42) |
Brigade High Income Backtested Returns
At this stage we consider Brigade Etf to be very steady. Brigade High Income secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the etf had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Brigade High Income, which you can use to evaluate the volatility of the entity. Please confirm Brigade High's Risk Adjusted Performance of 0.167, coefficient of variation of 375.74, and Mean Deviation of 0.1267 to double-check if the risk estimate we provide is consistent with the expected return of 0.0441%. The etf shows a Beta (market volatility) of -0.0046, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Brigade High are expected to decrease at a much lower rate. During the bear market, Brigade High is likely to outperform the market.
Auto-correlation | -0.09 |
Very weak reverse predictability
Brigade High Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Brigade High 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 Brigade High Income price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Brigade High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brigade High Income lagged returns against current returns
Autocorrelation, which is Brigade High etf'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 Brigade High's etf expected returns. We can calculate the autocorrelation of Brigade High returns to help us make a trade decision. For example, suppose you find that Brigade High has exhibited high autocorrelation historically, and you observe that the etf 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 |
Brigade High 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 Brigade High etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brigade High etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brigade High etf over time.
Current vs Lagged Prices |
| Timeline |
Brigade High Lagged Returns
When evaluating Brigade High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brigade High etf have on its future price. Brigade High 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, Brigade High autocorrelation shows the relationship between Brigade High etf current value and its past values and can show if there is a momentum factor associated with investing in Brigade High Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Brigade Etf
Brigade High financial ratios help investors to determine whether Brigade Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Brigade with respect to the benefits of owning Brigade High security.