Brady Stock Market Value
| BRC Stock | USD 74.89 0.13 0.17% |
| Symbol | Brady |
Brady Price To Book Ratio
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Brady. If investors know Brady will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Brady listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.154 | Earnings Share 4.07 | Revenue Per Share 27.877 | Quarterly Revenue Growth (0.01) | Return On Assets 0.1048 |
The market value of Brady is measured differently than its book value, which is the value of Brady that is recorded on the company's balance sheet. Investors also form their own opinion of Brady's value that differs from its market value or its book value, called intrinsic value, which is Brady'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 Brady's market value can be influenced by many factors that don't directly affect Brady'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 Brady's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brady is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brady'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.
Brady '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 Brady'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 Brady.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Brady on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Brady or generate 0.0% return on investment in Brady over 30 days. Brady is related to or competes with Allegion PLC, MSA Safety, Resideo Technologies, NL Industries, Brinks, Mistras, and CompX International. Brady Corporation manufactures and supplies identification solutions and workplace safety products to identify and prote... More
Brady 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 Brady'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 Brady upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.73 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 2.29 |
Brady Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brady's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brady's standard deviation. In reality, there are many statistical measures that can use Brady historical prices to predict the future Brady's volatility.| Risk Adjusted Performance | 0.0226 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0204 |
Brady Backtested Returns
At this point, Brady is very steady. Brady secures Sharpe Ratio (or Efficiency) of 0.0278, which signifies that the company had a 0.0278% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Brady, which you can use to evaluate the volatility of the firm. Please confirm Brady's mean deviation of 0.9518, and Risk Adjusted Performance of 0.0226 to double-check if the risk estimate we provide is consistent with the expected return of 0.0412%. Brady has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.18, 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, Brady will likely underperform. Brady right now shows a risk of 1.48%. Please confirm Brady sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to decide if Brady will be following its price patterns.
Auto-correlation | 0.66 |
Good predictability
Brady has good predictability. Overlapping area represents the amount of predictability between Brady time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Brady price movement. The serial correlation of 0.66 indicates that around 66.0% of current Brady price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 4.72 |
Brady lagged returns against current returns
Autocorrelation, which is Brady 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 Brady's stock expected returns. We can calculate the autocorrelation of Brady returns to help us make a trade decision. For example, suppose you find that Brady 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 |
Brady 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 Brady stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brady stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brady stock over time.
Current vs Lagged Prices |
| Timeline |
Brady Lagged Returns
When evaluating Brady's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brady stock have on its future price. Brady 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, Brady autocorrelation shows the relationship between Brady stock current value and its past values and can show if there is a momentum factor associated with investing in Brady.
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 determining whether Brady offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Brady's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Brady Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Brady Stock:Check out Brady Correlation, Brady Volatility and Brady Alpha and Beta module to complement your research on Brady. For information on how to trade Brady Stock refer to our How to Trade Brady Stock guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Brady technical stock 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, stock market cycles, or different charting patterns.