Brompton Energy Split Stock Market Value
| ESP Stock | CAD 6.11 0.09 1.50% |
| Symbol | Brompton |
Brompton 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 Brompton 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 Brompton Energy.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Brompton Energy on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Brompton Energy Split or generate 0.0% return on investment in Brompton Energy over 30 days. Brompton Energy is related to or competes with Dayforce, Descartes Systems, TECSYS, Real Matters, Intermap Technologies, and . Espial Group Inc. develops and markets computer software solutions in North America, Europe, and the Asia Pacific More
Brompton 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 Brompton 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 Brompton Energy Split upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.187 | |||
| Maximum Drawdown | 15.15 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 5.02 |
Brompton Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brompton Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brompton Energy's standard deviation. In reality, there are many statistical measures that can use Brompton Energy historical prices to predict the future Brompton Energy's volatility.| Risk Adjusted Performance | 0.1638 | |||
| Jensen Alpha | 0.6101 | |||
| Total Risk Alpha | 0.5198 | |||
| Sortino Ratio | 0.1941 | |||
| Treynor Ratio | (5.15) |
Brompton Energy Split Backtested Returns
Brompton Energy appears to be slightly risky, given 3 months investment horizon. Brompton Energy Split secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. By analyzing Brompton Energy's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of Brompton Energy's Risk Adjusted Performance of 0.1638, downside deviation of 3.01, and Mean Deviation of 2.5 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Brompton Energy holds a performance score of 14. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Brompton Energy are expected to decrease at a much lower rate. During the bear market, Brompton Energy is likely to outperform the market. Please check Brompton Energy's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Brompton Energy's price patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
Brompton Energy Split has good reverse predictability. Overlapping area represents the amount of predictability between Brompton Energy time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Brompton Energy Split price movement. The serial correlation of -0.52 indicates that about 52.0% of current Brompton Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Brompton Energy Split lagged returns against current returns
Autocorrelation, which is Brompton 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 Brompton Energy's stock expected returns. We can calculate the autocorrelation of Brompton Energy returns to help us make a trade decision. For example, suppose you find that Brompton 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 |
Brompton 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 Brompton Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brompton Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brompton Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Brompton Energy Lagged Returns
When evaluating Brompton Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brompton Energy stock have on its future price. Brompton 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, Brompton Energy autocorrelation shows the relationship between Brompton Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Brompton Energy Split.
Regressed Prices |
| Timeline |
Pair Trading with Brompton Energy
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 Brompton Energy 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 Brompton Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Brompton Stock
| 0.82 | DAY | Dayforce | PairCorr |
| 0.9 | DSG | Descartes Systems | PairCorr |
| 0.82 | TCS | TECSYS Inc | PairCorr |
| 0.9 | IMP | Intermap Technologies | PairCorr |
Moving against Brompton Stock
The ability to find closely correlated positions to Brompton Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brompton Energy 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 Brompton Energy - 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 Brompton Energy Split to buy it.
The correlation of Brompton Energy 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 Brompton Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Energy Split 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 Brompton Energy 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.Other Information on Investing in Brompton Stock
Brompton Energy financial ratios help investors to determine whether Brompton 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 Brompton with respect to the benefits of owning Brompton Energy security.