Brinks (Germany) Market Value
| PTY Stock | EUR 87.50 1.50 1.74% |
| Symbol | Brinks |
Brinks '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 Brinks' 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 Brinks.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Brinks on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding The Brinks or generate 0.0% return on investment in Brinks over 30 days. Brinks is related to or competes with ABB PAR, ASSA ABLOY, SECOM CO, Halma Plc, Allegion Plc, ADT, and MSA Safety. The Brinks Company provides secure transportation, cash management, and other security-related services in North America... More
Brinks 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 Brinks' 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 The Brinks upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 2.73 |
Brinks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brinks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brinks' standard deviation. In reality, there are many statistical measures that can use Brinks historical prices to predict the future Brinks' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.9136 |
Brinks Backtested Returns
Brinks secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of standard deviation over the last 3 months. The Brinks exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brinks' Coefficient Of Variation of (942.62), mean deviation of 1.45, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Brinks are expected to decrease at a much lower rate. During the bear market, Brinks is likely to outperform the market. At this point, Brinks has a negative expected return of -0.21%. Please make sure to confirm Brinks' variance, treynor ratio, daily balance of power, as well as the relationship between the jensen alpha and skewness , to decide if Brinks performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
The Brinks has good predictability. Overlapping area represents the amount of predictability between Brinks time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Brinks price movement. The serial correlation of 0.72 indicates that around 72.0% of current Brinks price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 3.5 |
Brinks lagged returns against current returns
Autocorrelation, which is Brinks 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 Brinks' stock expected returns. We can calculate the autocorrelation of Brinks returns to help us make a trade decision. For example, suppose you find that Brinks 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 |
Brinks 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 Brinks stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brinks stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brinks stock over time.
Current vs Lagged Prices |
| Timeline |
Brinks Lagged Returns
When evaluating Brinks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brinks stock have on its future price. Brinks 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, Brinks autocorrelation shows the relationship between Brinks stock current value and its past values and can show if there is a momentum factor associated with investing in The Brinks.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Brinks Stock
Brinks financial ratios help investors to determine whether Brinks 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 Brinks with respect to the benefits of owning Brinks security.