Brikor (South Africa) Market Value
| BIK Stock | 14.00 1.00 6.67% |
| Symbol | Brikor |
Brikor '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 Brikor's 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 Brikor.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Brikor on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Brikor or generate 0.0% return on investment in Brikor over 90 days. Brikor is related to or competes with Reinet Investments, Safari Investments, Harmony Gold, Frontier Transport, Kap Industrial, and Nedbank. More
Brikor 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 Brikor's 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 Brikor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0087 | |||
| Maximum Drawdown | 13.81 | |||
| Value At Risk | (6.67) |
Brikor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brikor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brikor's standard deviation. In reality, there are many statistical measures that can use Brikor historical prices to predict the future Brikor's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | 0.193 | |||
| Treynor Ratio | 0.1833 |
Brikor Backtested Returns
Brikor secures Sharpe Ratio (or Efficiency) of -0.0363, which signifies that the company had a -0.0363 % return per unit of risk over the last 3 months. Brikor exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brikor's Risk Adjusted Performance of (0.02), standard deviation of 2.25, and Mean Deviation of 0.7985 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Brikor are expected to decrease at a much lower rate. During the bear market, Brikor is likely to outperform the market. At this point, Brikor has a negative expected return of -0.0845%. Please make sure to confirm Brikor's variance, value at risk, rate of daily change, as well as the relationship between the jensen alpha and kurtosis , to decide if Brikor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Brikor has very weak reverse predictability. Overlapping area represents the amount of predictability between Brikor time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Brikor price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Brikor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Brikor lagged returns against current returns
Autocorrelation, which is Brikor 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 Brikor's stock expected returns. We can calculate the autocorrelation of Brikor returns to help us make a trade decision. For example, suppose you find that Brikor 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 |
Brikor 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 Brikor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brikor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brikor stock over time.
Current vs Lagged Prices |
| Timeline |
Brikor Lagged Returns
When evaluating Brikor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brikor stock have on its future price. Brikor 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, Brikor autocorrelation shows the relationship between Brikor stock current value and its past values and can show if there is a momentum factor associated with investing in Brikor.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Brikor Stock
Brikor financial ratios help investors to determine whether Brikor 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 Brikor with respect to the benefits of owning Brikor security.