Brainsway (Israel) Market Value
| BRIN Stock | 1,799 50.00 2.70% |
| Symbol | Brainsway |
Brainsway '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 Brainsway'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 Brainsway.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Brainsway on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Brainsway or generate 0.0% return on investment in Brainsway over 60 days. Brainsway is related to or competes with Ilex Medical, First International, Elbit Medical, RSL Electronics, Menif Financial, IDI Insurance, and Gamatronic Electronic. Brainsway Ltd. engages in the development and provision of technology solutions for non-invasive treatment of brain diso... More
Brainsway 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 Brainsway'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 Brainsway upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.73 | |||
| Information Ratio | 0.154 | |||
| Maximum Drawdown | 23.11 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.92 |
Brainsway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brainsway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brainsway's standard deviation. In reality, there are many statistical measures that can use Brainsway historical prices to predict the future Brainsway's volatility.| Risk Adjusted Performance | 0.1512 | |||
| Jensen Alpha | 0.6418 | |||
| Total Risk Alpha | 0.1067 | |||
| Sortino Ratio | 0.1622 | |||
| Treynor Ratio | 1.05 |
Brainsway Backtested Returns
Brainsway appears to be very steady, given 3 months investment horizon. Brainsway secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of standard deviation over the last 3 months. By analyzing Brainsway's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Brainsway's mean deviation of 2.92, and Risk Adjusted Performance of 0.1512 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Brainsway holds a performance score of 14. The firm shows a Beta (market volatility) of 0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brainsway's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brainsway is expected to be smaller as well. Please check Brainsway's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Brainsway's price patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
Brainsway has below average predictability. Overlapping area represents the amount of predictability between Brainsway time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Brainsway price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Brainsway price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 3605.06 |
Brainsway lagged returns against current returns
Autocorrelation, which is Brainsway 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 Brainsway's stock expected returns. We can calculate the autocorrelation of Brainsway returns to help us make a trade decision. For example, suppose you find that Brainsway 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 |
Brainsway 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 Brainsway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brainsway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brainsway stock over time.
Current vs Lagged Prices |
| Timeline |
Brainsway Lagged Returns
When evaluating Brainsway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brainsway stock have on its future price. Brainsway 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, Brainsway autocorrelation shows the relationship between Brainsway stock current value and its past values and can show if there is a momentum factor associated with investing in Brainsway.
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.Additional Information and Resources on Investing in Brainsway Stock
When determining whether Brainsway offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Brainsway'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 Brainsway Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Brainsway Stock:Check out Brainsway Correlation, Brainsway Volatility and Brainsway Alpha and Beta module to complement your research on Brainsway. For information on how to trade Brainsway Stock refer to our How to Trade Brainsway Stock guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Brainsway 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.