Brookfield Business Partners Stock Market Value
| BBU-UN Stock | CAD 36.28 0.31 0.85% |
| Symbol | Brookfield |
Brookfield Business Price To Book Ratio
Brookfield Business '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 Brookfield Business' 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 Brookfield Business.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Brookfield Business on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding Brookfield Business Partners or generate 0.0% return on investment in Brookfield Business over 90 days. Brookfield Business is related to or competes with Colliers International, Altus Group, FirstService Corp, ECN Capital, and Winpak. Brookfield Business Partners L.P. is a private equity firm specializes in acquisition More
Brookfield Business 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 Brookfield Business' 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 Brookfield Business Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.1518 | |||
| Maximum Drawdown | 8.22 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 4.64 |
Brookfield Business Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brookfield Business' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brookfield Business' standard deviation. In reality, there are many statistical measures that can use Brookfield Business historical prices to predict the future Brookfield Business' volatility.| Risk Adjusted Performance | 0.1653 | |||
| Jensen Alpha | 0.3559 | |||
| Total Risk Alpha | 0.1192 | |||
| Sortino Ratio | 0.1622 | |||
| Treynor Ratio | 0.5418 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brookfield Business' 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.
Brookfield Business Backtested Returns
Brookfield Business appears to be very steady, given 3 months investment horizon. Brookfield Business secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. We have found thirty technical indicators for Brookfield Business Partners, which you can use to evaluate the volatility of the firm. Please makes use of Brookfield Business' Mean Deviation of 1.77, risk adjusted performance of 0.1653, and Downside Deviation of 2.08 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Brookfield Business holds a performance score of 17. The firm shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brookfield Business' returns are expected to increase less than the market. However, during the bear market, the loss of holding Brookfield Business is expected to be smaller as well. Please check Brookfield Business' sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Brookfield Business' price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
Brookfield Business Partners has very good predictability. Overlapping area represents the amount of predictability between Brookfield Business time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd 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 Brookfield Business price movement. The serial correlation of 0.84 indicates that around 84.0% of current Brookfield Business price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 4.54 |
Brookfield Business lagged returns against current returns
Autocorrelation, which is Brookfield Business 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 Brookfield Business' stock expected returns. We can calculate the autocorrelation of Brookfield Business returns to help us make a trade decision. For example, suppose you find that Brookfield Business 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 |
Brookfield Business 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 Brookfield Business stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brookfield Business stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brookfield Business stock over time.
Current vs Lagged Prices |
| Timeline |
Brookfield Business Lagged Returns
When evaluating Brookfield Business' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brookfield Business stock have on its future price. Brookfield Business 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, Brookfield Business autocorrelation shows the relationship between Brookfield Business stock current value and its past values and can show if there is a momentum factor associated with investing in Brookfield Business Partners.
Regressed Prices |
| Timeline |
Pair Trading with Brookfield Business
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 Brookfield Business 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 Brookfield Business will appreciate offsetting losses from the drop in the long position's value.Moving together with Brookfield Stock
| 0.74 | JPM | JPMorgan Chase | PairCorr |
| 0.81 | BOFA | Bank of America | PairCorr |
| 0.65 | RY-PM | Royal Bank Earnings Call Tomorrow | PairCorr |
| 0.72 | RY-PS | Royal Bank Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Brookfield Business could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Business 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 Brookfield Business - 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 Brookfield Business Partners to buy it.
The correlation of Brookfield Business 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 Brookfield Business moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Business 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 Brookfield Business 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 Brookfield Business Correlation, Brookfield Business Volatility and Brookfield Business Alpha and Beta module to complement your research on Brookfield Business. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Brookfield Business 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.