Brimstone Investment (South Africa) Market Value
| BRN Stock | 505.00 3.00 0.60% |
| Symbol | Brimstone |
Brimstone Investment '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 Brimstone Investment'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 Brimstone Investment.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Brimstone Investment on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Brimstone Investment or generate 0.0% return on investment in Brimstone Investment over 30 days. Brimstone Investment is related to or competes with RCL Foods, Oceana, Libstar Holdings, Brimstone Investment. More
Brimstone Investment 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 Brimstone Investment'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 Brimstone Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 23.92 | |||
| Value At Risk | (5.63) | |||
| Potential Upside | 4.89 |
Brimstone Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brimstone Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brimstone Investment's standard deviation. In reality, there are many statistical measures that can use Brimstone Investment historical prices to predict the future Brimstone Investment's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.33) |
Brimstone Investment Backtested Returns
Brimstone Investment secures Sharpe Ratio (or Efficiency) of -0.0373, which signifies that the company had a -0.0373% return per unit of risk over the last 3 months. Brimstone Investment exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brimstone Investment's Mean Deviation of 1.39, standard deviation of 3.0, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brimstone Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brimstone Investment is expected to be smaller as well. At this point, Brimstone Investment has a negative expected return of -0.11%. Please make sure to confirm Brimstone Investment's maximum drawdown, daily balance of power, and the relationship between the total risk alpha and skewness , to decide if Brimstone Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Brimstone Investment has good predictability. Overlapping area represents the amount of predictability between Brimstone Investment time series from 25th of October 2024 to 9th of November 2024 and 9th of November 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 Brimstone Investment price movement. The serial correlation of 0.72 indicates that around 72.0% of current Brimstone Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 208.18 |
Brimstone Investment lagged returns against current returns
Autocorrelation, which is Brimstone Investment 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 Brimstone Investment's stock expected returns. We can calculate the autocorrelation of Brimstone Investment returns to help us make a trade decision. For example, suppose you find that Brimstone Investment 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 |
Brimstone Investment 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 Brimstone Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brimstone Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brimstone Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Brimstone Investment Lagged Returns
When evaluating Brimstone Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brimstone Investment stock have on its future price. Brimstone Investment 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, Brimstone Investment autocorrelation shows the relationship between Brimstone Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Brimstone Investment.
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 Brimstone Stock
Brimstone Investment financial ratios help investors to determine whether Brimstone 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 Brimstone with respect to the benefits of owning Brimstone Investment security.