Brickworks (Australia) Market Value
| BKW Stock | 25.80 0.13 0.51% |
| Symbol | Brickworks |
Brickworks '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 Brickworks' 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 Brickworks.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Brickworks on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Brickworks or generate 0.0% return on investment in Brickworks over 30 days. Brickworks is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, Aneka Tambang, and Perseus Mining. Brickworks is entity of Australia. It is traded as Stock on AU exchange. More
Brickworks 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 Brickworks' 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 Brickworks upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.17 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.76 |
Brickworks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brickworks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brickworks' standard deviation. In reality, there are many statistical measures that can use Brickworks historical prices to predict the future Brickworks' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.28) |
Brickworks Backtested Returns
Brickworks secures Sharpe Ratio (or Efficiency) of -0.0031, which signifies that the company had a -0.0031% return per unit of risk over the last 3 months. Brickworks exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brickworks' Mean Deviation of 0.7997, standard deviation of 1.28, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brickworks' returns are expected to increase less than the market. However, during the bear market, the loss of holding Brickworks is expected to be smaller as well. At this point, Brickworks has a negative expected return of -0.0039%. Please make sure to confirm Brickworks' total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Brickworks performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Brickworks has very weak reverse predictability. Overlapping area represents the amount of predictability between Brickworks time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Brickworks price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Brickworks price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Brickworks lagged returns against current returns
Autocorrelation, which is Brickworks 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 Brickworks' stock expected returns. We can calculate the autocorrelation of Brickworks returns to help us make a trade decision. For example, suppose you find that Brickworks 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 |
Brickworks 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 Brickworks stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brickworks stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brickworks stock over time.
Current vs Lagged Prices |
| Timeline |
Brickworks Lagged Returns
When evaluating Brickworks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brickworks stock have on its future price. Brickworks 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, Brickworks autocorrelation shows the relationship between Brickworks stock current value and its past values and can show if there is a momentum factor associated with investing in Brickworks.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Brickworks Stock Analysis
When running Brickworks' price analysis, check to measure Brickworks' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Brickworks is operating at the current time. Most of Brickworks' value examination focuses on studying past and present price action to predict the probability of Brickworks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brickworks' price. Additionally, you may evaluate how the addition of Brickworks to your portfolios can decrease your overall portfolio volatility.