Brimstone InvestmentLtd (South Africa) Market Value
| BRT Stock | 440.00 40.00 8.33% |
| Symbol | Brimstone |
Brimstone InvestmentLtd '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 Brimstone InvestmentLtd'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 Brimstone InvestmentLtd.
| 02/19/2025 |
| 03/21/2025 |
If you would invest 0.00 in Brimstone InvestmentLtd on February 19, 2025 and sell it all today you would earn a total of 0.00 from holding Brimstone Investment or generate 0.0% return on investment in Brimstone InvestmentLtd over 30 days. Brimstone InvestmentLtd is related to or competes with Harmony Gold, Deneb Investments, Frontier Transport, Capitec Bank, and Bytes Technology. More
Brimstone InvestmentLtd 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 Brimstone InvestmentLtd'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 Brimstone Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 18.37 | |||
| Value At Risk | (0.99) |
Brimstone InvestmentLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brimstone InvestmentLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brimstone InvestmentLtd's standard deviation. In reality, there are many statistical measures that can use Brimstone InvestmentLtd historical prices to predict the future Brimstone InvestmentLtd's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 4.76 |
Brimstone InvestmentLtd Backtested Returns
Brimstone InvestmentLtd secures Sharpe Ratio (or Efficiency) of -0.0969, which signifies that the company had a -0.0969 % return per unit of risk over the last 3 months. Brimstone Investment exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brimstone InvestmentLtd's Standard Deviation of 1.99, risk adjusted performance of (0.08), and Mean Deviation of 0.6898 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0411, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Brimstone InvestmentLtd are expected to decrease at a much lower rate. During the bear market, Brimstone InvestmentLtd is likely to outperform the market. At this point, Brimstone InvestmentLtd has a negative expected return of -0.2%. Please make sure to confirm Brimstone InvestmentLtd's variance, treynor ratio, rate of daily change, as well as the relationship between the jensen alpha and kurtosis , to decide if Brimstone InvestmentLtd performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.97 |
Excellent predictability
Brimstone Investment has excellent predictability. Overlapping area represents the amount of predictability between Brimstone InvestmentLtd time series from 19th of February 2025 to 6th of March 2025 and 6th of March 2025 to 21st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Brimstone InvestmentLtd price movement. The serial correlation of 0.97 indicates that 97.0% of current Brimstone InvestmentLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.97 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 370.25 |
Brimstone InvestmentLtd lagged returns against current returns
Autocorrelation, which is Brimstone InvestmentLtd 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 Brimstone InvestmentLtd's stock expected returns. We can calculate the autocorrelation of Brimstone InvestmentLtd returns to help us make a trade decision. For example, suppose you find that Brimstone InvestmentLtd 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 |
Brimstone InvestmentLtd 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 Brimstone InvestmentLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brimstone InvestmentLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brimstone InvestmentLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Brimstone InvestmentLtd Lagged Returns
When evaluating Brimstone InvestmentLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brimstone InvestmentLtd stock have on its future price. Brimstone InvestmentLtd 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, Brimstone InvestmentLtd autocorrelation shows the relationship between Brimstone InvestmentLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Brimstone Investment.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Brimstone Stock
Brimstone InvestmentLtd financial ratios help investors to determine whether Brimstone 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 Brimstone with respect to the benefits of owning Brimstone InvestmentLtd security.