Brightspire Capital Stock Market Value
| BRSP Stock | USD 6.18 0.03 0.49% |
| Symbol | Brightspire |
Brightspire Capital Price To Book Ratio
Is Real Estate Management & Development space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Brightspire Capital. If investors know Brightspire will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Brightspire Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 0.76 | Earnings Share (1.02) | Revenue Per Share 2.965 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0168 |
The market value of Brightspire Capital is measured differently than its book value, which is the value of Brightspire that is recorded on the company's balance sheet. Investors also form their own opinion of Brightspire Capital's value that differs from its market value or its book value, called intrinsic value, which is Brightspire Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Brightspire Capital's market value can be influenced by many factors that don't directly affect Brightspire Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Brightspire Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brightspire Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brightspire Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Brightspire Capital '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 Brightspire Capital'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 Brightspire Capital.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Brightspire Capital on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Brightspire Capital or generate 0.0% return on investment in Brightspire Capital over 30 days. Brightspire Capital is related to or competes with Essential Properties, Armada Hflr, CTO Realty, Modiv, Gladstone Commercial, NexPoint Strategic, and Broadstone Net. BrightSpire Capital, Inc. operates as a commercial real estate credit real estate investment trust in the United States More
Brightspire Capital 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 Brightspire Capital'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 Brightspire Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.0349 | |||
| Maximum Drawdown | 22.56 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 3.1 |
Brightspire Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brightspire Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brightspire Capital's standard deviation. In reality, there are many statistical measures that can use Brightspire Capital historical prices to predict the future Brightspire Capital's volatility.| Risk Adjusted Performance | 0.0639 | |||
| Jensen Alpha | 0.091 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0567 | |||
| Treynor Ratio | 0.1851 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brightspire Capital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Brightspire Capital Backtested Returns
Currently, Brightspire Capital is slightly risky. Brightspire Capital secures Sharpe Ratio (or Efficiency) of 0.0598, which signifies that the company had a 0.0598% return per unit of risk over the last 3 months. We have found thirty technical indicators for Brightspire Capital, which you can use to evaluate the volatility of the firm. Please confirm Brightspire Capital's Downside Deviation of 1.72, mean deviation of 1.42, and Risk Adjusted Performance of 0.0639 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Brightspire Capital has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.06, which signifies a somewhat significant risk relative to the market. Brightspire Capital returns are very sensitive to returns on the market. As the market goes up or down, Brightspire Capital is expected to follow. Brightspire Capital right now shows a risk of 2.81%. Please confirm Brightspire Capital potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Brightspire Capital will be following its price patterns.
Auto-correlation | -0.41 |
Modest reverse predictability
Brightspire Capital has modest reverse predictability. Overlapping area represents the amount of predictability between Brightspire Capital time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Brightspire Capital price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Brightspire Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brightspire Capital lagged returns against current returns
Autocorrelation, which is Brightspire Capital 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 Brightspire Capital's stock expected returns. We can calculate the autocorrelation of Brightspire Capital returns to help us make a trade decision. For example, suppose you find that Brightspire Capital 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 |
Brightspire Capital 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 Brightspire Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brightspire Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brightspire Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Brightspire Capital Lagged Returns
When evaluating Brightspire Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brightspire Capital stock have on its future price. Brightspire Capital 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, Brightspire Capital autocorrelation shows the relationship between Brightspire Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Brightspire Capital.
Regressed Prices |
| Timeline |
Pair Trading with Brightspire Capital
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Brightspire Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Brightspire Capital will appreciate offsetting losses from the drop in the long position's value.Moving together with Brightspire Stock
Moving against Brightspire Stock
| 0.81 | O | Realty Income | PairCorr |
| 0.7 | ADC-PA | Agree Realty | PairCorr |
| 0.66 | CKX | CKX Lands | PairCorr |
| 0.57 | BHM | Bluerock Homes Trust | PairCorr |
| 0.53 | VICI | VICI Properties | PairCorr |
The ability to find closely correlated positions to Brightspire Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brightspire Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brightspire Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brightspire Capital to buy it.
The correlation of Brightspire Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brightspire Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brightspire Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Brightspire Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Brightspire Stock Analysis
When running Brightspire Capital's price analysis, check to measure Brightspire Capital'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 Brightspire Capital is operating at the current time. Most of Brightspire Capital's value examination focuses on studying past and present price action to predict the probability of Brightspire Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brightspire Capital's price. Additionally, you may evaluate how the addition of Brightspire Capital to your portfolios can decrease your overall portfolio volatility.