Brenntag Ag Adr Stock Market Value
| BNTGY Stock | USD 12.81 0.02 0.16% |
| Symbol | Brenntag |
Brenntag '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 Brenntag's pink sheet 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 Brenntag.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Brenntag on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Brenntag AG ADR or generate 0.0% return on investment in Brenntag over 180 days. Brenntag is related to or competes with Air Liquide, RPM International, Trinseo SA, Mativ Holdings, Sherwin Williams, Air Products, and Linde Plc. Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Europe, the Middle Eas... More
Brenntag 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 Brenntag's pink sheet 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 Brenntag AG ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 16.52 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 3.14 |
Brenntag Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brenntag's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brenntag's standard deviation. In reality, there are many statistical measures that can use Brenntag historical prices to predict the future Brenntag's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (2.01) |
Brenntag AG ADR Backtested Returns
Brenntag AG ADR secures Sharpe Ratio (or Efficiency) of -0.0752, which signifies that the company had a -0.0752% return per unit of standard deviation over the last 3 months. Brenntag AG ADR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brenntag's mean deviation of 1.43, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brenntag's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brenntag is expected to be smaller as well. At this point, Brenntag AG ADR has a negative expected return of -0.17%. Please make sure to confirm Brenntag's total risk alpha, as well as the relationship between the daily balance of power and relative strength index , to decide if Brenntag AG ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Brenntag AG ADR has good reverse predictability. Overlapping area represents the amount of predictability between Brenntag time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Brenntag AG ADR price movement. The serial correlation of -0.54 indicates that about 54.0% of current Brenntag price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Brenntag AG ADR lagged returns against current returns
Autocorrelation, which is Brenntag pink sheet'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 Brenntag's pink sheet expected returns. We can calculate the autocorrelation of Brenntag returns to help us make a trade decision. For example, suppose you find that Brenntag has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Brenntag 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 Brenntag pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brenntag pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brenntag pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Brenntag Lagged Returns
When evaluating Brenntag's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brenntag pink sheet have on its future price. Brenntag 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, Brenntag autocorrelation shows the relationship between Brenntag pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Brenntag AG ADR.
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.Additional Tools for Brenntag Pink Sheet Analysis
When running Brenntag's price analysis, check to measure Brenntag's 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 Brenntag is operating at the current time. Most of Brenntag's value examination focuses on studying past and present price action to predict the probability of Brenntag's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brenntag's price. Additionally, you may evaluate how the addition of Brenntag to your portfolios can decrease your overall portfolio volatility.