Broadway Financial Stock Market Value
| BYFC Stock | USD 7.04 0.14 2.03% |
| Symbol | Broadway |
Broadway Financial Price To Book Ratio
Is Regional Banks 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 Broadway Financial. If investors know Broadway 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 Broadway Financial 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 0.09 | Earnings Share 0.28 | Revenue Per Share 3.814 | Quarterly Revenue Growth 0.175 | Return On Assets 0.0025 |
The market value of Broadway Financial is measured differently than its book value, which is the value of Broadway that is recorded on the company's balance sheet. Investors also form their own opinion of Broadway Financial's value that differs from its market value or its book value, called intrinsic value, which is Broadway Financial'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 Broadway Financial's market value can be influenced by many factors that don't directly affect Broadway Financial'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 Broadway Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadway Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadway 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.
Broadway 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 Broadway 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 Broadway Financial.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Broadway Financial on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Broadway Financial or generate 0.0% return on investment in Broadway Financial over 210 days. Broadway Financial is related to or competes with Community West, First Northwest, First Financial, First Capital, HomeTrust Bancshares, CF Bankshares, and Home Federal. Broadway Financial Corporation operates as the holding company for City First Bank, National Association that provides v... More
Broadway 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 Broadway 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 Broadway Financial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 27.56 | |||
| Value At Risk | (7.80) | |||
| Potential Upside | 5.7 |
Broadway Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Broadway Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Broadway Financial's standard deviation. In reality, there are many statistical measures that can use Broadway Financial historical prices to predict the future Broadway Financial's volatility.| Risk Adjusted Performance | 0.0039 | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.02) |
Broadway Financial Backtested Returns
At this point, Broadway Financial is moderately volatile. Broadway Financial secures Sharpe Ratio (or Efficiency) of 0.0038, which signifies that the company had a 0.0038% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Broadway Financial, which you can use to evaluate the volatility of the firm. Please confirm Broadway Financial's Risk Adjusted Performance of 0.0039, standard deviation of 4.71, and Mean Deviation of 3.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.0175%. The firm shows a Beta (market volatility) of 1.79, 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, Broadway Financial will likely underperform. Broadway Financial right now shows a risk of 4.57%. Please confirm Broadway Financial skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Broadway Financial will be following its price patterns.
Auto-correlation | -0.08 |
Very weak reverse predictability
Broadway Financial has very weak reverse predictability. Overlapping area represents the amount of predictability between Broadway Financial time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Broadway Financial price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Broadway Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Broadway Financial lagged returns against current returns
Autocorrelation, which is Broadway 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 Broadway Financial's stock expected returns. We can calculate the autocorrelation of Broadway Financial returns to help us make a trade decision. For example, suppose you find that Broadway 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 |
Broadway 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 Broadway Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Broadway Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Broadway Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Broadway Financial Lagged Returns
When evaluating Broadway Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Broadway Financial stock have on its future price. Broadway 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, Broadway Financial autocorrelation shows the relationship between Broadway Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Broadway Financial.
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 Broadway Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Broadway Financial'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 Broadway Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Broadway Financial Stock:Check out Broadway Financial Correlation, Broadway Financial Volatility and Broadway Financial Alpha and Beta module to complement your research on Broadway Financial. For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Broadway Financial 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.