Broadridge Financial's market value is the price at which a share of Broadridge Financial trades on a public exchange. It measures the collective expectations of Broadridge Financial Solutions investors about its performance. Broadridge Financial is selling for under 234.89 as of the 5th of December 2024; that is 0.73% up since the beginning of the trading day. The stock's lowest day price was 230.75. With this module, you can estimate the performance of a buy and hold strategy of Broadridge Financial Solutions and determine expected loss or profit from investing in Broadridge Financial over a given investment horizon. Check out Broadridge Financial Correlation, Broadridge Financial Volatility and Broadridge Financial Alpha and Beta module to complement your research on Broadridge Financial.
Please note, there is a significant difference between Broadridge Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadridge Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadridge Financial'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.
Broadridge Financial '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 Broadridge Financial'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 Broadridge Financial.
0.00
09/06/2024
No Change 0.00
0.0
In 3 months and 1 day
12/05/2024
0.00
If you would invest 0.00 in Broadridge Financial on September 6, 2024 and sell it all today you would earn a total of 0.00 from holding Broadridge Financial Solutions or generate 0.0% return on investment in Broadridge Financial over 90 days. Broadridge Financial is related to or competes with Hardide PLC, Quantum Blockchain, Argo Group, Tungsten West, and Malvern International. Broadridge Financial is entity of United Kingdom More
Broadridge Financial 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 Broadridge Financial'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 Broadridge Financial Solutions upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Broadridge Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Broadridge Financial's standard deviation. In reality, there are many statistical measures that can use Broadridge Financial historical prices to predict the future Broadridge Financial's volatility.
Currently, Broadridge Financial Solutions is very steady. Broadridge Financial secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Broadridge Financial Solutions, which you can use to evaluate the volatility of the firm. Please confirm Broadridge Financial's Risk Adjusted Performance of 0.1294, downside deviation of 0.9019, and Mean Deviation of 0.7038 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Broadridge Financial has a performance score of 16 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Broadridge Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Broadridge Financial is expected to be smaller as well. Broadridge Financial right now shows a risk of 0.93%. Please confirm Broadridge Financial standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Broadridge Financial will be following its price patterns.
Auto-correlation
0.86
Very good predictability
Broadridge Financial Solutions has very good predictability. Overlapping area represents the amount of predictability between Broadridge Financial time series from 6th of September 2024 to 21st of October 2024 and 21st of October 2024 to 5th 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 Broadridge Financial price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Broadridge Financial price fluctuation can be explain by its past prices.
Correlation Coefficient
0.86
Spearman Rank Test
0.78
Residual Average
0.0
Price Variance
66.09
Broadridge Financial lagged returns against current returns
Autocorrelation, which is Broadridge Financial 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 Broadridge Financial's stock expected returns. We can calculate the autocorrelation of Broadridge Financial returns to help us make a trade decision. For example, suppose you find that Broadridge Financial 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
Broadridge Financial 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 Broadridge Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Broadridge Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Broadridge Financial stock over time.
Current vs Lagged Prices
Timeline
Broadridge Financial Lagged Returns
When evaluating Broadridge Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Broadridge Financial stock have on its future price. Broadridge Financial 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, Broadridge Financial autocorrelation shows the relationship between Broadridge Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Broadridge Financial Solutions.
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.
When running Broadridge Financial's price analysis, check to measure Broadridge Financial'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 Broadridge Financial is operating at the current time. Most of Broadridge Financial's value examination focuses on studying past and present price action to predict the probability of Broadridge Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Broadridge Financial's price. Additionally, you may evaluate how the addition of Broadridge Financial to your portfolios can decrease your overall portfolio volatility.