Brookstone Value Stock Etf Market Value
| BAMV Etf | 33.14 0.08 0.24% |
| Symbol | Brookstone |
The market value of Brookstone Value Stock is measured differently than its book value, which is the value of Brookstone that is recorded on the company's balance sheet. Investors also form their own opinion of Brookstone Value's value that differs from its market value or its book value, called intrinsic value, which is Brookstone Value's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Brookstone Value's market value can be influenced by many factors that don't directly affect Brookstone Value's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Brookstone Value's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brookstone Value is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brookstone Value'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.
Brookstone Value '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 Brookstone Value's etf 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 Brookstone Value.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Brookstone Value on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Brookstone Value Stock or generate 0.0% return on investment in Brookstone Value over 30 days. Brookstone Value is related to or competes with Invesco Actively, IShares Trust, Xtrackers MSCI, IShares MSCI, IShares MSCI, IShares ESG, and Global X. Brookstone Value is entity of United States More
Brookstone Value 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 Brookstone Value's etf 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 Brookstone Value Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6282 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.49 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.1 |
Brookstone Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brookstone Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brookstone Value's standard deviation. In reality, there are many statistical measures that can use Brookstone Value historical prices to predict the future Brookstone Value's volatility.| Risk Adjusted Performance | 0.1237 | |||
| Jensen Alpha | 3.0E-4 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.128 |
Brookstone Value Stock Backtested Returns
At this stage we consider Brookstone Etf to be very steady. Brookstone Value Stock secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the etf had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Brookstone Value Stock, which you can use to evaluate the volatility of the entity. Please confirm Brookstone Value's Mean Deviation of 0.5473, downside deviation of 0.6282, and Risk Adjusted Performance of 0.1237 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The etf shows a Beta (market volatility) of 0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brookstone Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brookstone Value is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Brookstone Value Stock has very good predictability. Overlapping area represents the amount of predictability between Brookstone Value time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Brookstone Value Stock price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Brookstone Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Brookstone Value Stock lagged returns against current returns
Autocorrelation, which is Brookstone Value etf'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 Brookstone Value's etf expected returns. We can calculate the autocorrelation of Brookstone Value returns to help us make a trade decision. For example, suppose you find that Brookstone Value has exhibited high autocorrelation historically, and you observe that the etf 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 |
Brookstone Value 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 Brookstone Value etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brookstone Value etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brookstone Value etf over time.
Current vs Lagged Prices |
| Timeline |
Brookstone Value Lagged Returns
When evaluating Brookstone Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brookstone Value etf have on its future price. Brookstone Value 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, Brookstone Value autocorrelation shows the relationship between Brookstone Value etf current value and its past values and can show if there is a momentum factor associated with investing in Brookstone Value Stock.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Brookstone Value Correlation, Brookstone Value Volatility and Brookstone Value Alpha and Beta module to complement your research on Brookstone Value. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Brookstone Value technical etf 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, etf market cycles, or different charting patterns.