Broadwind Energy Stock Market Value
| BWEN Stock | USD 1.77 0.05 2.91% |
| Symbol | Broadwind |
Broadwind Energy Price To Book Ratio
Is Heavy Electrical Equipment 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 Broadwind Energy. If investors know Broadwind 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 Broadwind Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 16.667 | Earnings Share 0.14 | Revenue Per Share 8.255 | Quarterly Revenue Growth (0.35) | Return On Assets 0.0491 |
The market value of Broadwind Energy is measured differently than its book value, which is the value of Broadwind that is recorded on the company's balance sheet. Investors also form their own opinion of Broadwind Energy's value that differs from its market value or its book value, called intrinsic value, which is Broadwind Energy'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 Broadwind Energy's market value can be influenced by many factors that don't directly affect Broadwind Energy'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 Broadwind Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadwind Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadwind Energy'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.
Broadwind Energy '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 Broadwind Energy'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 Broadwind Energy.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Broadwind Energy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Broadwind Energy or generate 0.0% return on investment in Broadwind Energy over 30 days. Broadwind Energy is related to or competes with Barnes, Crane, Hillenbrand, Ingersoll Rand, Parker Hannifin, Richtech Robotics, and Enerpac Tool. Broadwind, Inc. manufactures and sells structures, equipment, and components for clean tech and other specialized applic... More
Broadwind Energy 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 Broadwind Energy'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 Broadwind Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 23.06 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 4.37 |
Broadwind Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Broadwind Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Broadwind Energy's standard deviation. In reality, there are many statistical measures that can use Broadwind Energy historical prices to predict the future Broadwind Energy's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (0.76) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Broadwind Energy'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.
Broadwind Energy Backtested Returns
Broadwind Energy secures Sharpe Ratio (or Efficiency) of -0.0724, which signifies that the company had a -0.0724% return per unit of risk over the last 3 months. Broadwind Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Broadwind Energy's Mean Deviation of 2.59, risk adjusted performance of (0.07), and Standard Deviation of 3.63 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Broadwind Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Broadwind Energy is expected to be smaller as well. At this point, Broadwind Energy has a negative expected return of -0.26%. Please make sure to confirm Broadwind Energy's potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Broadwind Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Broadwind Energy has insignificant predictability. Overlapping area represents the amount of predictability between Broadwind Energy 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 Broadwind Energy price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Broadwind Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Broadwind Energy lagged returns against current returns
Autocorrelation, which is Broadwind Energy 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 Broadwind Energy's stock expected returns. We can calculate the autocorrelation of Broadwind Energy returns to help us make a trade decision. For example, suppose you find that Broadwind Energy 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 |
Broadwind Energy 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 Broadwind Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Broadwind Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Broadwind Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Broadwind Energy Lagged Returns
When evaluating Broadwind Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Broadwind Energy stock have on its future price. Broadwind Energy 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, Broadwind Energy autocorrelation shows the relationship between Broadwind Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Broadwind Energy.
Regressed Prices |
| Timeline |
Pair Trading with Broadwind Energy
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 Broadwind Energy 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 Broadwind Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Broadwind Stock
| 0.87 | AME | Ametek Inc Sell-off Trend | PairCorr |
| 0.84 | EMR | Emerson Electric | PairCorr |
| 0.79 | CR | Crane Company | PairCorr |
| 0.79 | PH | Parker Hannifin Sell-off Trend | PairCorr |
| 0.78 | EPAC | Enerpac Tool Group | PairCorr |
The ability to find closely correlated positions to Broadwind Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Broadwind Energy 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 Broadwind Energy - 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 Broadwind Energy to buy it.
The correlation of Broadwind Energy 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 Broadwind Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadwind Energy 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 Broadwind Energy 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.Check out Broadwind Energy Correlation, Broadwind Energy Volatility and Broadwind Energy Alpha and Beta module to complement your research on Broadwind Energy. To learn how to invest in Broadwind Stock, please use our How to Invest in Broadwind Energy guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Broadwind Energy 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.