Brownies Marine Group Stock Market Value
| BWMG Stock | USD 0.01 0 33.33% |
| Symbol | Brownies |
Brownies Marine '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 Brownies Marine's 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 Brownies Marine.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Brownies Marine on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Brownies Marine Group or generate 0.0% return on investment in Brownies Marine over 30 days. Brownies Marine is related to or competes with FitLife Brands,, HUMANA, SCOR PK, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. Brownies Marine Group, Inc., together with its subsidiaries, designs, tests, manufactures, and distributes recreational ... More
Brownies Marine 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 Brownies Marine's 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 Brownies Marine Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 65.59 | |||
| Information Ratio | 0.167 | |||
| Maximum Drawdown | 2987.14 | |||
| Value At Risk | (49.58) | |||
| Potential Upside | 133.33 |
Brownies Marine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brownies Marine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brownies Marine's standard deviation. In reality, there are many statistical measures that can use Brownies Marine historical prices to predict the future Brownies Marine's volatility.| Risk Adjusted Performance | 0.1383 | |||
| Jensen Alpha | 67.74 | |||
| Total Risk Alpha | 3.81 | |||
| Sortino Ratio | 0.9849 | |||
| Treynor Ratio | (2.59) |
Brownies Marine Group Backtested Returns
Brownies Marine is out of control given 3 months investment horizon. Brownies Marine Group secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 34.12% are justified by taking the suggested risk. Use Brownies Marine Risk Adjusted Performance of 0.1383, mean deviation of 127.6, and Downside Deviation of 65.59 to evaluate company specific risk that cannot be diversified away. Brownies Marine holds a performance score of 14 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -24.96, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Brownies Marine are expected to decrease by larger amounts. On the other hand, during market turmoil, Brownies Marine is expected to outperform it. Use Brownies Marine sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Brownies Marine.
Auto-correlation | 0.68 |
Good predictability
Brownies Marine Group has good predictability. Overlapping area represents the amount of predictability between Brownies Marine time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Brownies Marine Group price movement. The serial correlation of 0.68 indicates that around 68.0% of current Brownies Marine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brownies Marine Group lagged returns against current returns
Autocorrelation, which is Brownies Marine 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 Brownies Marine's pink sheet expected returns. We can calculate the autocorrelation of Brownies Marine returns to help us make a trade decision. For example, suppose you find that Brownies Marine 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 |
Brownies Marine 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 Brownies Marine pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brownies Marine pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brownies Marine pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Brownies Marine Lagged Returns
When evaluating Brownies Marine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brownies Marine pink sheet have on its future price. Brownies Marine 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, Brownies Marine autocorrelation shows the relationship between Brownies Marine pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Brownies Marine Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Brownies Pink Sheet
Brownies Marine financial ratios help investors to determine whether Brownies Pink Sheet 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 Brownies with respect to the benefits of owning Brownies Marine security.