Brp Inc Stock Market Value
| DOO Stock | CAD 57.37 0.96 1.70% |
| Symbol | BRP |
BRP Inc Price To Book Ratio
BRP '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 BRP'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 BRP.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in BRP on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding BRP Inc or generate 0.0% return on investment in BRP over 30 days. BRP is related to or competes with TFI International, WSP Global, Boralex, Gildan Activewear, and Quebecor. BRP Inc., together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles ... More
BRP 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 BRP'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 BRP Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.76 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 2.82 |
BRP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BRP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BRP's standard deviation. In reality, there are many statistical measures that can use BRP historical prices to predict the future BRP's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.44) |
BRP Inc Backtested Returns
BRP Inc secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of risk over the last 3 months. BRP Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BRP's mean deviation of 1.85, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BRP's returns are expected to increase less than the market. However, during the bear market, the loss of holding BRP is expected to be smaller as well. At this point, BRP Inc has a negative expected return of -0.29%. Please make sure to confirm BRP's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if BRP Inc performance from the past will be repeated at future time.
Auto-correlation | 0.75 |
Good predictability
BRP Inc has good predictability. Overlapping area represents the amount of predictability between BRP time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st 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 BRP Inc price movement. The serial correlation of 0.75 indicates that around 75.0% of current BRP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 3.77 |
BRP Inc lagged returns against current returns
Autocorrelation, which is BRP 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 BRP's stock expected returns. We can calculate the autocorrelation of BRP returns to help us make a trade decision. For example, suppose you find that BRP 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 |
BRP 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 BRP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BRP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BRP stock over time.
Current vs Lagged Prices |
| Timeline |
BRP Lagged Returns
When evaluating BRP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BRP stock have on its future price. BRP 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, BRP autocorrelation shows the relationship between BRP stock current value and its past values and can show if there is a momentum factor associated with investing in BRP Inc.
Regressed Prices |
| Timeline |
Pair Trading with BRP
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 BRP 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 BRP will appreciate offsetting losses from the drop in the long position's value.Moving together with BRP Stock
Moving against BRP Stock
The ability to find closely correlated positions to BRP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BRP 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 BRP - 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 BRP Inc to buy it.
The correlation of BRP 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 BRP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BRP Inc 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 BRP 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.Check out BRP Correlation, BRP Volatility and BRP Alpha and Beta module to complement your research on BRP. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
BRP technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.