Brikor (South Africa) Market Value
| BIK Stock | 17.00 1.00 5.56% |
| Symbol | Brikor |
Brikor '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 Brikor'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 Brikor.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Brikor on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Brikor or generate 0.0% return on investment in Brikor over 540 days. Brikor is related to or competes with Reinet Investments, Brimstone Investment, Kumba Iron, Bytes Technology, Safari Investments, Trematon Capital, and Zeder Investments. More
Brikor 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 Brikor'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 Brikor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.82 | |||
| Information Ratio | 0.0578 | |||
| Maximum Drawdown | 39.08 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 21.43 |
Brikor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brikor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brikor's standard deviation. In reality, there are many statistical measures that can use Brikor historical prices to predict the future Brikor's volatility.| Risk Adjusted Performance | 0.0667 | |||
| Jensen Alpha | 0.487 | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | 0.0323 | |||
| Treynor Ratio | 1.45 |
Brikor Backtested Returns
Brikor appears to be slightly risky, given 3 months investment horizon. Brikor secures Sharpe Ratio (or Efficiency) of 0.033, which signifies that the company had a 0.033% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Brikor, which you can use to evaluate the volatility of the firm. Please makes use of Brikor's Downside Deviation of 12.82, mean deviation of 3.55, and Risk Adjusted Performance of 0.0667 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Brikor holds a performance score of 2. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brikor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brikor is expected to be smaller as well. Please check Brikor's sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether Brikor's price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Brikor has virtually no predictability. Overlapping area represents the amount of predictability between Brikor time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Brikor price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Brikor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.69 |
Brikor lagged returns against current returns
Autocorrelation, which is Brikor 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 Brikor's stock expected returns. We can calculate the autocorrelation of Brikor returns to help us make a trade decision. For example, suppose you find that Brikor 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 |
Brikor 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 Brikor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brikor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brikor stock over time.
Current vs Lagged Prices |
| Timeline |
Brikor Lagged Returns
When evaluating Brikor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brikor stock have on its future price. Brikor 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, Brikor autocorrelation shows the relationship between Brikor stock current value and its past values and can show if there is a momentum factor associated with investing in Brikor.
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 Brikor Stock
Brikor financial ratios help investors to determine whether Brikor Stock 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 Brikor with respect to the benefits of owning Brikor security.