Brompton Energy Split Stock Beta
| ESP Stock | CAD 6.11 0.09 1.50% |
Brompton Energy Split fundamentals help investors to digest information that contributes to Brompton Energy's financial success or failures. It also enables traders to predict the movement of Brompton Stock. The fundamental analysis module provides a way to measure Brompton Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Brompton Energy stock.
Brompton | Beta |
Brompton Energy Split Company Beta Analysis
Brompton Energy's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Brompton Energy Beta | 0.61 |
Most of Brompton Energy's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Brompton Energy Split is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Brompton Energy Split has a Beta of 0.61. This is 42.45% lower than that of the Technology sector and 74.04% lower than that of the Software - Application industry. The beta for all Canada stocks is notably lower than that of the firm.
Brompton Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Brompton Energy's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Brompton Energy could also be used in its relative valuation, which is a method of valuing Brompton Energy by comparing valuation metrics of similar companies.Brompton Energy is one of the top stocks in beta category among its peers.
As returns on the market increase, Brompton Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brompton Energy is expected to be smaller as well.
Brompton Fundamentals
| Price To Earning | (11.92) X | |||
| EBITDA | (1.08 M) | |||
| Net Income | (2.26 M) | |||
| Cash And Equivalents | 30.72 M | |||
| Cash Per Share | 0.87 X | |||
| Total Debt | 8.46 M | |||
| Debt To Equity | 12.30 % | |||
| Current Ratio | 6.82 X | |||
| Book Value Per Share | 1.12 X | |||
| Cash Flow From Operations | (2.56 M) | |||
| Earnings Per Share | (0.07) X | |||
| Number Of Employees | 121 | |||
| Beta | 0.61 | |||
| Market Capitalization | 55.68 M | |||
| Total Asset | 10.99 M | |||
| Net Asset | 10.99 M |
About Brompton Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Brompton Energy Split's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Brompton Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Brompton Energy Split based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Brompton 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 Brompton 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 Brompton Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Brompton Stock
| 0.82 | DAY | Dayforce | PairCorr |
| 0.9 | DSG | Descartes Systems | PairCorr |
| 0.82 | TCS | TECSYS Inc | PairCorr |
| 0.9 | IMP | Intermap Technologies | PairCorr |
Moving against Brompton Stock
The ability to find closely correlated positions to Brompton 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 Brompton 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 Brompton 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 Brompton Energy Split to buy it.
The correlation of Brompton 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 Brompton Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Energy Split 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 Brompton 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.Other Information on Investing in Brompton Stock
Brompton Energy financial ratios help investors to determine whether Brompton 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 Brompton with respect to the benefits of owning Brompton Energy security.