BRITAM HOLDINGS's market value is the price at which a share of BRITAM HOLDINGS trades on a public exchange. It measures the collective expectations of BRITAM HOLDINGS PLC investors about its performance. BRITAM HOLDINGS is trading at 5.70 as of the 26th of November 2024, a 3.06 percent decrease since the beginning of the trading day. The stock's open price was 5.88. With this module, you can estimate the performance of a buy and hold strategy of BRITAM HOLDINGS PLC and determine expected loss or profit from investing in BRITAM HOLDINGS over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
BRITAM
BRITAM HOLDINGS '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 BRITAM HOLDINGS'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 BRITAM HOLDINGS.
0.00
10/27/2024
No Change 0.00
0.0
In 30 days
11/26/2024
0.00
If you would invest 0.00 in BRITAM HOLDINGS on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding BRITAM HOLDINGS PLC or generate 0.0% return on investment in BRITAM HOLDINGS over 30 days.
BRITAM HOLDINGS 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 BRITAM HOLDINGS'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 BRITAM HOLDINGS PLC upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for BRITAM HOLDINGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BRITAM HOLDINGS's standard deviation. In reality, there are many statistical measures that can use BRITAM HOLDINGS historical prices to predict the future BRITAM HOLDINGS's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BRITAM HOLDINGS. Your research has to be compared to or analyzed against BRITAM HOLDINGS's peers to derive any actionable benefits. When done correctly, BRITAM HOLDINGS's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BRITAM HOLDINGS PLC.
BRITAM HOLDINGS PLC Backtested Returns
At this point, BRITAM HOLDINGS is slightly risky. BRITAM HOLDINGS PLC secures Sharpe Ratio (or Efficiency) of 0.0166, which signifies that the company had a 0.0166% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for BRITAM HOLDINGS PLC, which you can use to evaluate the volatility of the firm. Please confirm BRITAM HOLDINGS's Risk Adjusted Performance of 0.0295, mean deviation of 1.75, and Semi Deviation of 2.08 to double-check if the risk estimate we provide is consistent with the expected return of 0.0395%. BRITAM HOLDINGS has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BRITAM HOLDINGS's returns are expected to increase less than the market. However, during the bear market, the loss of holding BRITAM HOLDINGS is expected to be smaller as well. BRITAM HOLDINGS PLC now shows a risk of 2.39%. Please confirm BRITAM HOLDINGS PLC standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if BRITAM HOLDINGS PLC will be following its price patterns.
Auto-correlation
-0.5
Modest reverse predictability
BRITAM HOLDINGS PLC has modest reverse predictability. Overlapping area represents the amount of predictability between BRITAM HOLDINGS time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 BRITAM HOLDINGS PLC price movement. The serial correlation of -0.5 indicates that about 50.0% of current BRITAM HOLDINGS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.5
Spearman Rank Test
-0.43
Residual Average
0.0
Price Variance
0.0
BRITAM HOLDINGS PLC lagged returns against current returns
Autocorrelation, which is BRITAM HOLDINGS 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 BRITAM HOLDINGS's stock expected returns. We can calculate the autocorrelation of BRITAM HOLDINGS returns to help us make a trade decision. For example, suppose you find that BRITAM HOLDINGS 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
BRITAM HOLDINGS 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 BRITAM HOLDINGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BRITAM HOLDINGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BRITAM HOLDINGS stock over time.
Current vs Lagged Prices
Timeline
BRITAM HOLDINGS Lagged Returns
When evaluating BRITAM HOLDINGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BRITAM HOLDINGS stock have on its future price. BRITAM HOLDINGS 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, BRITAM HOLDINGS autocorrelation shows the relationship between BRITAM HOLDINGS stock current value and its past values and can show if there is a momentum factor associated with investing in BRITAM HOLDINGS PLC.