Brookside Energy (Australia) Market Value

BRK Stock   0.44  0.01  2.33%   
Brookside Energy's market value is the price at which a share of Brookside Energy trades on a public exchange. It measures the collective expectations of Brookside Energy investors about its performance. Brookside Energy is selling for under 0.44 as of the 23rd of December 2024; that is 2.33 percent increase since the beginning of the trading day. The stock's last reported lowest price was 0.43.
With this module, you can estimate the performance of a buy and hold strategy of Brookside Energy and determine expected loss or profit from investing in Brookside Energy over a given investment horizon. Check out Brookside Energy Correlation, Brookside Energy Volatility and Brookside Energy Alpha and Beta module to complement your research on Brookside Energy.
Symbol

Please note, there is a significant difference between Brookside Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brookside Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brookside Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
11/23/2024
No Change 0.00  0.0 
In 31 days
12/23/2024
0.00
If you would invest  0.00  in Brookside Energy on November 23, 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 30 days. Brookside Energy is related to or competes with Westpac Banking, ABACUS STORAGE, Suncorp, Yancoal Australia, Peel Mining, Bendigo, and Capitol Health. 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.

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.
Hype
Prediction
LowEstimatedHigh
0.020.444.03
Details
Intrinsic
Valuation
LowRealHigh
0.020.393.98
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.060.060.06
Details

Brookside Energy Backtested Returns

Brookside Energy secures Sharpe Ratio (or Efficiency) of -0.0367, which signifies that the company had a -0.0367% 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 Risk Adjusted Performance of (0.01), standard deviation of 3.62, and Mean Deviation of 2.16 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.56, 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 -0.13%. 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

    
  0.70  

Good predictability

Brookside Energy has good predictability. Overlapping area represents the amount of predictability between Brookside Energy time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 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 Brookside Energy price movement. The serial correlation of 0.7 indicates that around 70.0% of current Brookside Energy price fluctuation can be explain by its past prices.
Correlation Coefficient0.7
Spearman Rank Test0.5
Residual Average0.0
Price Variance0.0

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

Explore Investment 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.