The Brown Capital Fund Market Value

BCSIX Fund  USD 69.75  1.31  1.91%   
The Brown's market value is the price at which a share of The Brown trades on a public exchange. It measures the collective expectations of The Brown Capital investors about its performance. The Brown is trading at 69.75 as of the 28th of March 2024; that is 1.91 percent up since the beginning of the trading day. The fund's open price was 68.44.
With this module, you can estimate the performance of a buy and hold strategy of The Brown Capital and determine expected loss or profit from investing in The Brown over a given investment horizon. Check out The Brown Correlation, The Brown Volatility and The Brown Alpha and Beta module to complement your research on The Brown.
Symbol

Please note, there is a significant difference between The Brown's value and its price as these two are different measures arrived at by different means. Investors typically determine if The Brown is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, The Brown'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.

The Brown '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 The Brown's mutual fund 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 The Brown.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in The Brown on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding The Brown Capital or generate 0.0% return on investment in The Brown over 30 days. The Brown is related to or competes with USCF Gold, Brown Capital, Brown Capital, Brown Capital, The Brown, The Brown, and Kinetics Internet. The fund invests at least 80 percent of its net assets in the equity securities of those companies with total operating ... More

The Brown 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 The Brown's mutual fund 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 The Brown Capital upside and downside potential and time the market with a certain degree of confidence.

The Brown Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for The Brown's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as The Brown's standard deviation. In reality, there are many statistical measures that can use The Brown historical prices to predict the future The Brown's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of The Brown's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
68.3869.7471.10
Details
Intrinsic
Valuation
LowRealHigh
68.2469.6070.96
Details
Naive
Forecast
LowNextHigh
70.0471.4072.76
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
68.0869.3170.55
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as The Brown. Your research has to be compared to or analyzed against The Brown's peers to derive any actionable benefits. When done correctly, The Brown's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in The Brown Capital.

The Brown Capital Backtested Returns

We consider The Brown very steady. The Brown Capital owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0053, which indicates the fund had a 0.0053% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for The Brown Capital, which you can use to evaluate the volatility of the fund. Please validate The Brown's Coefficient Of Variation of 6622.52, risk adjusted performance of 0.0142, and Semi Deviation of 1.46 to confirm if the risk estimate we provide is consistent with the expected return of 0.0072%. The entity has a beta of 1.75, which indicates 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, the Brown will likely underperform.

Auto-correlation

    
  -0.57  

Good reverse predictability

The Brown Capital has good reverse predictability. Overlapping area represents the amount of predictability between The Brown time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 The Brown Capital price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current The Brown price fluctuation can be explain by its past prices.
Correlation Coefficient-0.57
Spearman Rank Test-0.61
Residual Average0.0
Price Variance0.78

The Brown Capital lagged returns against current returns

Autocorrelation, which is The Brown mutual fund'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 The Brown's mutual fund expected returns. We can calculate the autocorrelation of The Brown returns to help us make a trade decision. For example, suppose you find that The Brown has exhibited high autocorrelation historically, and you observe that the mutual fund 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  

The Brown 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 The Brown mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if The Brown mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in The Brown mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

The Brown Lagged Returns

When evaluating The Brown's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of The Brown mutual fund have on its future price. The Brown 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, The Brown autocorrelation shows the relationship between The Brown mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Brown Capital.
   Regressed Prices   
       Timeline  

Pair Trading with The Brown

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 The Brown 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 The Brown will appreciate offsetting losses from the drop in the long position's value.

Moving together with The Mutual Fund

  1.0BCSSX The Brown CapitalPairCorr

Moving against The Mutual Fund

  0.49ERH Allspring Utilities AndPairCorr
  0.46CSJZX Cohen Steers RealtyPairCorr
  0.46CSRSX Cohen Steers RealtyPairCorr
The ability to find closely correlated positions to The Brown could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace The Brown 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 The Brown - 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 The Brown Capital to buy it.
The correlation of The Brown 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 The Brown moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Brown Capital 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 The Brown 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.
Pair CorrelationCorrelation Matching
Check out The Brown Correlation, The Brown Volatility and The Brown Alpha and Beta module to complement your research on The Brown.
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When running The Brown's price analysis, check to measure The Brown's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy The Brown is operating at the current time. Most of The Brown's value examination focuses on studying past and present price action to predict the probability of The Brown's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move The Brown's price. Additionally, you may evaluate how the addition of The Brown to your portfolios can decrease your overall portfolio volatility.
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The Brown technical mutual fund 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, fund market cycles, or different charting patterns.
A focus of The Brown technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of The Brown trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...