Brighton Best (Taiwan) Market Value
| 8415 Stock | TWD 34.20 1.20 3.64% |
| Symbol | Brighton |
Brighton Best '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 Brighton Best'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 Brighton Best.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Brighton Best on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Brighton Best International Taiwan or generate 0.0% return on investment in Brighton Best over 30 days. Brighton Best is related to or competes with Hiwin Technologies, San Shing, QST International, Intai Technology, Basso Industry, and National Aerospace. Brighton-Best International Inc. distributes fasteners primarily in Taiwan, North America, and Oceania More
Brighton Best 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 Brighton Best'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 Brighton Best International Taiwan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9741 | |||
| Information Ratio | 0.0072 | |||
| Maximum Drawdown | 6.92 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 2.69 |
Brighton Best Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brighton Best's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brighton Best's standard deviation. In reality, there are many statistical measures that can use Brighton Best historical prices to predict the future Brighton Best's volatility.| Risk Adjusted Performance | 0.0297 | |||
| Jensen Alpha | 0.0258 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0093 | |||
| Treynor Ratio | 0.1282 |
Brighton Best Intern Backtested Returns
At this stage we consider Brighton Stock to be very steady. Brighton Best Intern secures Sharpe Ratio (or Efficiency) of 0.0134, which signifies that the company had a 0.0134% return per unit of risk over the last 3 months. We have found thirty technical indicators for Brighton Best International Taiwan, which you can use to evaluate the volatility of the firm. Please confirm Brighton Best's Mean Deviation of 0.8642, downside deviation of 0.9741, and Risk Adjusted Performance of 0.0297 to double-check if the risk estimate we provide is consistent with the expected return of 0.0158%. Brighton Best has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brighton Best's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brighton Best is expected to be smaller as well. Brighton Best Intern right now shows a risk of 1.18%. Please confirm Brighton Best Intern downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Brighton Best Intern will be following its price patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
Brighton Best International Taiwan has poor reverse predictability. Overlapping area represents the amount of predictability between Brighton Best 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 Brighton Best Intern price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Brighton Best price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Brighton Best Intern lagged returns against current returns
Autocorrelation, which is Brighton Best 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 Brighton Best's stock expected returns. We can calculate the autocorrelation of Brighton Best returns to help us make a trade decision. For example, suppose you find that Brighton Best 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 |
Brighton Best 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 Brighton Best stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brighton Best stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brighton Best stock over time.
Current vs Lagged Prices |
| Timeline |
Brighton Best Lagged Returns
When evaluating Brighton Best's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brighton Best stock have on its future price. Brighton Best 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, Brighton Best autocorrelation shows the relationship between Brighton Best stock current value and its past values and can show if there is a momentum factor associated with investing in Brighton Best International Taiwan.
Regressed Prices |
| Timeline |
Pair Trading with Brighton Best
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 Brighton Best 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 Brighton Best will appreciate offsetting losses from the drop in the long position's value.Moving against Brighton Stock
| 0.45 | 3711 | ASE Industrial Holding | PairCorr |
| 0.41 | 2454 | MediaTek | PairCorr |
| 0.38 | 2049 | Hiwin Technologies Corp | PairCorr |
| 0.38 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.36 | 4540 | TBI Motion Technology | PairCorr |
The ability to find closely correlated positions to Brighton Best could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brighton Best 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 Brighton Best - 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 Brighton Best International Taiwan to buy it.
The correlation of Brighton Best 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 Brighton Best moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brighton Best Intern 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 Brighton Best 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.Additional Tools for Brighton Stock Analysis
When running Brighton Best's price analysis, check to measure Brighton Best'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 Brighton Best is operating at the current time. Most of Brighton Best's value examination focuses on studying past and present price action to predict the probability of Brighton Best's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brighton Best's price. Additionally, you may evaluate how the addition of Brighton Best to your portfolios can decrease your overall portfolio volatility.