Big Rock Brewery Stock Market Value
| BR Stock | CAD 1.12 0.12 9.68% |
| Symbol | Big |
Big Rock Brewery Price To Book Ratio
Big Rock '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 Big Rock'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 Big Rock.
| 06/26/2024 |
| 12/23/2024 |
If you would invest 0.00 in Big Rock on June 26, 2024 and sell it all today you would earn a total of 0.00 from holding Big Rock Brewery or generate 0.0% return on investment in Big Rock over 180 days. Big Rock is related to or competes with Corby Spirit, Gamehost, Andrew Peller, Buhler Industries, and Accord Financial. Big Rock Brewery Inc. produces, markets, and distributes craft beers and ciders in Canada More
Big Rock 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 Big Rock'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 Big Rock Brewery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.25 | |||
| Information Ratio | 0.0052 | |||
| Maximum Drawdown | 31.53 | |||
| Value At Risk | (11.59) | |||
| Potential Upside | 11.82 |
Big Rock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Big Rock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Big Rock's standard deviation. In reality, there are many statistical measures that can use Big Rock historical prices to predict the future Big Rock's volatility.| Risk Adjusted Performance | 0.0171 | |||
| Jensen Alpha | 0.0337 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0036 | |||
| Treynor Ratio | 0.0626 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Big Rock's 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.
Big Rock Brewery Backtested Returns
As of now, Big Stock is abnormally volatile. Big Rock Brewery secures Sharpe Ratio (or Efficiency) of 0.0108, which signifies that the company had a 0.0108% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Big Rock Brewery, which you can use to evaluate the volatility of the firm. Please confirm Big Rock's risk adjusted performance of 0.0171, and Mean Deviation of 3.48 to double-check if the risk estimate we provide is consistent with the expected return of 0.0642%. The firm shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Big Rock's returns are expected to increase less than the market. However, during the bear market, the loss of holding Big Rock is expected to be smaller as well. Big Rock Brewery right now shows a risk of 5.93%. Please confirm Big Rock Brewery skewness, day typical price, as well as the relationship between the value at risk and jensen alpha , to decide if Big Rock Brewery will be following its price patterns.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Big Rock Brewery has insignificant reverse predictability. Overlapping area represents the amount of predictability between Big Rock time series from 26th of June 2024 to 24th of September 2024 and 24th of September 2024 to 23rd 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 Big Rock Brewery price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Big Rock price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Big Rock Brewery lagged returns against current returns
Autocorrelation, which is Big Rock 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 Big Rock's stock expected returns. We can calculate the autocorrelation of Big Rock returns to help us make a trade decision. For example, suppose you find that Big Rock 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 |
Big Rock 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 Big Rock stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Big Rock stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Big Rock stock over time.
Current vs Lagged Prices |
| Timeline |
Big Rock Lagged Returns
When evaluating Big Rock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Big Rock stock have on its future price. Big Rock 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, Big Rock autocorrelation shows the relationship between Big Rock stock current value and its past values and can show if there is a momentum factor associated with investing in Big Rock Brewery.
Regressed Prices |
| Timeline |
Pair Trading with Big Rock
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 Big Rock 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 Big Rock will appreciate offsetting losses from the drop in the long position's value.Moving against Big Stock
| 0.42 | JPM | JPMorgan Chase | PairCorr |
| 0.42 | NICU | Magna Mining | PairCorr |
| 0.4 | FSZ | Fiera Capital | PairCorr |
| 0.39 | ERE-UN | European Residential Real | PairCorr |
| 0.38 | RY-PM | Royal Bank | PairCorr |
The ability to find closely correlated positions to Big Rock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Big Rock 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 Big Rock - 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 Big Rock Brewery to buy it.
The correlation of Big Rock 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 Big Rock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Big Rock Brewery 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 Big Rock 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 Big Stock
Big Rock financial ratios help investors to determine whether Big 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 Big with respect to the benefits of owning Big Rock security.