Burnham Holdings Stock Market Value
| BURCA Stock | USD 13.95 0.05 0.36% |
| Symbol | Burnham |
Burnham Holdings '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 Burnham Holdings' 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 Burnham Holdings.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Burnham Holdings on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Burnham Holdings or generate 0.0% return on investment in Burnham Holdings over 30 days. Burnham Holdings is related to or competes with Travis Perkins, Armstrong World, and Apogee Enterprises. Burnham Holdings, Inc. designs, manufactures, and sells boilers and related heating, ventilation, and air conditioning p... More
Burnham Holdings 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 Burnham Holdings' 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 Burnham Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.0387 | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 4.27 |
Burnham Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Burnham Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Burnham Holdings' standard deviation. In reality, there are many statistical measures that can use Burnham Holdings historical prices to predict the future Burnham Holdings' volatility.| Risk Adjusted Performance | 0.0539 | |||
| Jensen Alpha | 0.0989 | |||
| Total Risk Alpha | 0.0246 | |||
| Sortino Ratio | 0.0365 | |||
| Treynor Ratio | 0.2156 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Burnham Holdings' 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.
Burnham Holdings Backtested Returns
At this point, Burnham Holdings is not too volatile. Burnham Holdings secures Sharpe Ratio (or Efficiency) of 0.02, which signifies that the company had a 0.02% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Burnham Holdings, which you can use to evaluate the volatility of the firm. Please confirm Burnham Holdings' Risk Adjusted Performance of 0.0539, downside deviation of 2.28, and Mean Deviation of 1.43 to double-check if the risk estimate we provide is consistent with the expected return of 0.0388%. Burnham Holdings has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Burnham Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Burnham Holdings is expected to be smaller as well. Burnham Holdings right now shows a risk of 1.94%. Please confirm Burnham Holdings total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to decide if Burnham Holdings will be following its price patterns.
Auto-correlation | 0.30 |
Below average predictability
Burnham Holdings has below average predictability. Overlapping area represents the amount of predictability between Burnham Holdings time series from 24th of November 2024 to 9th of December 2024 and 9th of December 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 Burnham Holdings price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Burnham Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Burnham Holdings lagged returns against current returns
Autocorrelation, which is Burnham Holdings 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 Burnham Holdings' pink sheet expected returns. We can calculate the autocorrelation of Burnham Holdings returns to help us make a trade decision. For example, suppose you find that Burnham Holdings 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 |
Burnham Holdings 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 Burnham Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Burnham Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Burnham Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Burnham Holdings Lagged Returns
When evaluating Burnham Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Burnham Holdings pink sheet have on its future price. Burnham Holdings 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, Burnham Holdings autocorrelation shows the relationship between Burnham Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Burnham Holdings.
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 Burnham Pink Sheet
Burnham Holdings financial ratios help investors to determine whether Burnham Pink Sheet 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 Burnham with respect to the benefits of owning Burnham Holdings security.