Burnham Holdings Pfd Preferred Stock Market Value
| BURCP Preferred Stock | USD 53.25 0.00 0.00% |
| Symbol | Burnham |
Burnham 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 Burnham Holdings' pink sheet 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 Burnham Holdings.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Burnham Holdings on June 12, 2023 and sell it all today you would earn a total of 0.00 from holding Burnham Holdings PFD or generate 0.0% return on investment in Burnham Holdings over 540 days. Burnham Holdings is related to or competes with Boston Beer, Molson Coors, Vita Coco, Precision Drilling, Noble Plc, Patterson UTI, and Keurig Dr. Burnham Holdings, Inc. designs, manufactures, and sells boilers and related heating, ventilation, and air conditioning p... More
Burnham 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 Burnham Holdings' pink sheet 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 Burnham Holdings PFD upside and downside potential and time the market with a certain degree of confidence.
Burnham Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Burnham Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Burnham Holdings' standard deviation. In reality, there are many statistical measures that can use Burnham Holdings historical prices to predict the future Burnham Holdings' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Burnham Holdings' 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.
Burnham Holdings PFD Backtested Returns
We have found three technical indicators for Burnham Holdings PFD, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Burnham Holdings are completely uncorrelated.
Auto-correlation | 0.50 |
Modest predictability
Burnham Holdings PFD has modest predictability. Overlapping area represents the amount of predictability between Burnham Holdings time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd of December 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 Burnham Holdings PFD price movement. The serial correlation of 0.5 indicates that about 50.0% of current Burnham Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Burnham Holdings PFD lagged returns against current returns
Autocorrelation, which is Burnham Holdings pink sheet'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 Burnham Holdings' pink sheet expected returns. We can calculate the autocorrelation of Burnham Holdings returns to help us make a trade decision. For example, suppose you find that Burnham Holdings has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Burnham 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 Burnham Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Burnham Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Burnham Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Burnham Holdings Lagged Returns
When evaluating Burnham Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Burnham Holdings pink sheet have on its future price. Burnham 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, Burnham Holdings autocorrelation shows the relationship between Burnham Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Burnham Holdings PFD.
Regressed Prices |
| Timeline |
Pair Trading with Burnham Holdings
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 Burnham Holdings 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 Burnham Holdings will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Burnham Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Burnham Holdings 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 Burnham Holdings - 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 Burnham Holdings PFD to buy it.
The correlation of Burnham Holdings 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 Burnham Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Burnham Holdings PFD 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 Burnham Holdings 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 Burnham Pink Sheet Analysis
When running Burnham Holdings' price analysis, check to measure Burnham Holdings' 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 Burnham Holdings is operating at the current time. Most of Burnham Holdings' value examination focuses on studying past and present price action to predict the probability of Burnham Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Burnham Holdings' price. Additionally, you may evaluate how the addition of Burnham Holdings to your portfolios can decrease your overall portfolio volatility.