The Brinsmere Etf Market Value
| TBFC Etf | 26.66 0.12 0.45% |
| Symbol | Brinsmere |
The market value of Brinsmere is measured differently than its book value, which is the value of Brinsmere that is recorded on the company's balance sheet. Investors also form their own opinion of Brinsmere's value that differs from its market value or its book value, called intrinsic value, which is Brinsmere'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 Brinsmere's market value can be influenced by many factors that don't directly affect Brinsmere'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 Brinsmere's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brinsmere is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brinsmere'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.
Brinsmere '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 Brinsmere's etf 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 Brinsmere.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Brinsmere on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding The Brinsmere or generate 0.0% return on investment in Brinsmere over 30 days. Brinsmere is related to or competes with Freedom Day, Franklin Templeton, IShares MSCI, Tidal Trust, IShares Dividend, Altrius Global, and Invesco Exchange. Brinsmere is entity of United States. It is traded as Etf on NYSE ARCA exchange. More
Brinsmere 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 Brinsmere's etf 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 Brinsmere upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4831 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.45 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.5682 |
Brinsmere Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brinsmere's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brinsmere's standard deviation. In reality, there are many statistical measures that can use Brinsmere historical prices to predict the future Brinsmere's volatility.| Risk Adjusted Performance | 0.0027 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | (0.09) |
Brinsmere Backtested Returns
At this point, Brinsmere is very steady. Brinsmere secures Sharpe Ratio (or Efficiency) of 0.0562, which signifies that the etf had a 0.0562 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for The Brinsmere, which you can use to evaluate the volatility of the entity. Please confirm Brinsmere's Mean Deviation of 0.2866, risk adjusted performance of 0.0027, and Semi Deviation of 0.4277 to double-check if the risk estimate we provide is consistent with the expected return of 0.0232%. The etf shows a Beta (market volatility) of 0.0407, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brinsmere's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brinsmere is expected to be smaller as well.
Auto-correlation | 0.01 |
Virtually no predictability
The Brinsmere has virtually no predictability. Overlapping area represents the amount of predictability between Brinsmere time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Brinsmere price movement. The serial correlation of 0.01 indicates that just 1.0% of current Brinsmere price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Brinsmere lagged returns against current returns
Autocorrelation, which is Brinsmere etf'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 Brinsmere's etf expected returns. We can calculate the autocorrelation of Brinsmere returns to help us make a trade decision. For example, suppose you find that Brinsmere has exhibited high autocorrelation historically, and you observe that the etf 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 |
Brinsmere 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 Brinsmere etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brinsmere etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brinsmere etf over time.
Current vs Lagged Prices |
| Timeline |
Brinsmere Lagged Returns
When evaluating Brinsmere's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brinsmere etf have on its future price. Brinsmere 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, Brinsmere autocorrelation shows the relationship between Brinsmere etf current value and its past values and can show if there is a momentum factor associated with investing in The Brinsmere.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Brinsmere offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Brinsmere's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The Brinsmere Etf. Outlined below are crucial reports that will aid in making a well-informed decision on The Brinsmere Etf:Check out Brinsmere Correlation, Brinsmere Volatility and Brinsmere Alpha and Beta module to complement your research on Brinsmere. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Brinsmere technical etf 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, etf market cycles, or different charting patterns.