Brompton Lifeco Split Stock Market Value
| LCS Stock | CAD 10.28 0.02 0.19% |
| Symbol | Brompton |
Brompton Lifeco Split Price To Book Ratio
Brompton Lifeco '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 Brompton Lifeco'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 Brompton Lifeco.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Brompton Lifeco on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Brompton Lifeco Split or generate 0.0% return on investment in Brompton Lifeco over 90 days. Brompton Lifeco is related to or competes with Life Banc, Brompton Split, Dividend Growth, Dividend, and Global Dividend. Brompton Lifeco Split Corp. is a close-ended equity mutual fund launched and managed by Brompton Funds Limited More
Brompton Lifeco 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 Brompton Lifeco'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 Brompton Lifeco Split upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.214 | |||
| Maximum Drawdown | 8.52 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.53 |
Brompton Lifeco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brompton Lifeco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brompton Lifeco's standard deviation. In reality, there are many statistical measures that can use Brompton Lifeco historical prices to predict the future Brompton Lifeco's volatility.| Risk Adjusted Performance | 0.2153 | |||
| Jensen Alpha | 0.3786 | |||
| Total Risk Alpha | 0.2051 | |||
| Sortino Ratio | 0.2345 | |||
| Treynor Ratio | 0.6238 |
Brompton Lifeco Split Backtested Returns
Brompton Lifeco appears to be not too volatile, given 3 months investment horizon. Brompton Lifeco Split secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Brompton Lifeco Split, which you can use to evaluate the volatility of the firm. Please makes use of Brompton Lifeco's Mean Deviation of 1.18, downside deviation of 1.49, and Risk Adjusted Performance of 0.2153 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Brompton Lifeco holds a performance score of 22. The firm shows a Beta (market volatility) of 0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brompton Lifeco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brompton Lifeco is expected to be smaller as well. Please check Brompton Lifeco's treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Brompton Lifeco's price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Brompton Lifeco Split has very good predictability. Overlapping area represents the amount of predictability between Brompton Lifeco time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Brompton Lifeco Split price movement. The serial correlation of 0.81 indicates that around 81.0% of current Brompton Lifeco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Brompton Lifeco Split lagged returns against current returns
Autocorrelation, which is Brompton Lifeco 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 Brompton Lifeco's stock expected returns. We can calculate the autocorrelation of Brompton Lifeco returns to help us make a trade decision. For example, suppose you find that Brompton Lifeco 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 |
Brompton Lifeco 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 Brompton Lifeco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brompton Lifeco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brompton Lifeco stock over time.
Current vs Lagged Prices |
| Timeline |
Brompton Lifeco Lagged Returns
When evaluating Brompton Lifeco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brompton Lifeco stock have on its future price. Brompton Lifeco 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, Brompton Lifeco autocorrelation shows the relationship between Brompton Lifeco stock current value and its past values and can show if there is a momentum factor associated with investing in Brompton Lifeco Split.
Regressed Prices |
| Timeline |
Pair Trading with Brompton Lifeco
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 Brompton Lifeco 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 Brompton Lifeco will appreciate offsetting losses from the drop in the long position's value.Moving together with Brompton Stock
Moving against Brompton Stock
The ability to find closely correlated positions to Brompton Lifeco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brompton Lifeco 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 Brompton Lifeco - 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 Brompton Lifeco Split to buy it.
The correlation of Brompton Lifeco 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 Brompton Lifeco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Lifeco Split 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 Brompton Lifeco 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.Other Information on Investing in Brompton Stock
Brompton Lifeco financial ratios help investors to determine whether Brompton Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Brompton with respect to the benefits of owning Brompton Lifeco security.