Brilliant Future (Sweden) Market Value
| BRILL Stock | 4.70 0.04 0.84% |
| Symbol | Brilliant |
Brilliant Future '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 Brilliant Future'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 Brilliant Future.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Brilliant Future on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Brilliant Future AB or generate 0.0% return on investment in Brilliant Future over 360 days. Brilliant Future is related to or competes with VIMAB Group, Mekonomen, Embellence Group, AAC Clyde, Africa Oil, and Cell Impact. More
Brilliant Future 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 Brilliant Future'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 Brilliant Future AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 8.1 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 2.88 |
Brilliant Future Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brilliant Future's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brilliant Future's standard deviation. In reality, there are many statistical measures that can use Brilliant Future historical prices to predict the future Brilliant Future's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (2.89) |
Brilliant Future Backtested Returns
Brilliant Future secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Brilliant Future AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brilliant Future's Mean Deviation of 0.8063, risk adjusted performance of (0.07), and Standard Deviation of 1.42 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0529, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brilliant Future's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brilliant Future is expected to be smaller as well. At this point, Brilliant Future has a negative expected return of -0.19%. Please make sure to confirm Brilliant Future's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Brilliant Future performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Brilliant Future AB has virtually no predictability. Overlapping area represents the amount of predictability between Brilliant Future time series from 30th of November 2023 to 28th of May 2024 and 28th of May 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 Brilliant Future price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Brilliant Future price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Brilliant Future lagged returns against current returns
Autocorrelation, which is Brilliant Future 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 Brilliant Future's stock expected returns. We can calculate the autocorrelation of Brilliant Future returns to help us make a trade decision. For example, suppose you find that Brilliant Future 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 |
Brilliant Future 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 Brilliant Future stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brilliant Future stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brilliant Future stock over time.
Current vs Lagged Prices |
| Timeline |
Brilliant Future Lagged Returns
When evaluating Brilliant Future's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brilliant Future stock have on its future price. Brilliant Future 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, Brilliant Future autocorrelation shows the relationship between Brilliant Future stock current value and its past values and can show if there is a momentum factor associated with investing in Brilliant Future AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Brilliant Stock Analysis
When running Brilliant Future's price analysis, check to measure Brilliant Future'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 Brilliant Future is operating at the current time. Most of Brilliant Future's value examination focuses on studying past and present price action to predict the probability of Brilliant Future's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brilliant Future's price. Additionally, you may evaluate how the addition of Brilliant Future to your portfolios can decrease your overall portfolio volatility.