Brookside Energy's market value is the price at which a share of Brookside Energy trades on a public exchange. It measures the collective expectations of Brookside Energy Limited investors about its performance. Brookside Energy is trading at 0.25 as of the 21st of December 2024, a 3.85 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.25. With this module, you can estimate the performance of a buy and hold strategy of Brookside Energy Limited and determine expected loss or profit from investing in Brookside Energy over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Brookside
Brookside 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 Brookside 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 Brookside Energy.
0.00
11/21/2024
No Change 0.00
0.0
In 31 days
12/21/2024
0.00
If you would invest 0.00 in Brookside Energy on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Brookside Energy Limited or generate 0.0% return on investment in Brookside Energy over 30 days.
Brookside 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 Brookside 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 Brookside Energy Limited 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 Brookside Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brookside Energy's standard deviation. In reality, there are many statistical measures that can use Brookside Energy historical prices to predict the future Brookside Energy's volatility.
Brookside Energy secures Sharpe Ratio (or Efficiency) of -0.0051, which signifies that the company had a -0.0051% return per unit of risk over the last 3 months. Brookside Energy Limited exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brookside Energy's Mean Deviation of 2.31, risk adjusted performance of 0.0048, and Standard Deviation of 6.64 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.15, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Brookside Energy will likely underperform. At this point, Brookside Energy has a negative expected return of -0.0342%. Please make sure to confirm Brookside Energy's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Brookside Energy performance from the past will be repeated at some point in the near future.
Auto-correlation
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No correlation between past and present
Brookside Energy Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Brookside Energy time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Brookside Energy price movement. The serial correlation of 0.0 indicates that just 0.0% of current Brookside Energy price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
-0.23
Residual Average
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Price Variance
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Brookside Energy lagged returns against current returns
Autocorrelation, which is Brookside 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 Brookside Energy's stock expected returns. We can calculate the autocorrelation of Brookside Energy returns to help us make a trade decision. For example, suppose you find that Brookside 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
Brookside 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 Brookside Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brookside Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brookside Energy stock over time.
Current vs Lagged Prices
Timeline
Brookside Energy Lagged Returns
When evaluating Brookside Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brookside Energy stock have on its future price. Brookside 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, Brookside Energy autocorrelation shows the relationship between Brookside Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Brookside Energy Limited.
Regressed Prices
Timeline
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