Brookside Energy (Australia) Market Value
| BRK Stock | 0.44 0.01 2.33% |
| Symbol | Brookside |
Brookside Energy '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 Brookside Energy'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 Brookside Energy.
| 10/25/2024 |
| 12/24/2024 |
If you would invest 0.00 in Brookside Energy on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Brookside Energy or generate 0.0% return on investment in Brookside Energy over 60 days. Brookside Energy is related to or competes with Aurelia Metals, Australian Unity, Autosports, and Nine Entertainment. More
Brookside Energy 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 Brookside Energy'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 Brookside Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 21.22 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.17 |
Brookside Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brookside Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brookside Energy's standard deviation. In reality, there are many statistical measures that can use Brookside Energy historical prices to predict the future Brookside Energy's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.20) |
Brookside Energy Backtested Returns
Brookside Energy secures Sharpe Ratio (or Efficiency) of -0.0373, which signifies that the company had a -0.0373% return per unit of risk over the last 3 months. Brookside Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brookside Energy's Mean Deviation of 2.19, standard deviation of 3.63, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brookside Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brookside Energy is expected to be smaller as well. At this point, Brookside Energy has a negative expected return of -0.14%. Please make sure to confirm Brookside Energy's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Brookside Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Brookside Energy has modest reverse predictability. Overlapping area represents the amount of predictability between Brookside Energy time series from 25th of October 2024 to 24th of November 2024 and 24th of November 2024 to 24th 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 Brookside Energy price movement. The serial correlation of -0.48 indicates that about 48.0% of current Brookside Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brookside Energy lagged returns against current returns
Autocorrelation, which is Brookside Energy 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 Brookside Energy's stock expected returns. We can calculate the autocorrelation of Brookside Energy returns to help us make a trade decision. For example, suppose you find that Brookside Energy 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 |
Brookside Energy 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 Brookside Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brookside Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brookside Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Brookside Energy Lagged Returns
When evaluating Brookside Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brookside Energy stock have on its future price. Brookside Energy 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, Brookside Energy autocorrelation shows the relationship between Brookside Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Brookside Energy.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Brookside Stock Analysis
When running Brookside Energy's price analysis, check to measure Brookside Energy'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 Brookside Energy is operating at the current time. Most of Brookside Energy's value examination focuses on studying past and present price action to predict the probability of Brookside Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brookside Energy's price. Additionally, you may evaluate how the addition of Brookside Energy to your portfolios can decrease your overall portfolio volatility.