Brinks Total Other Income Expense Net vs Total Revenue Analysis
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Brinks in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Brinks' short interest history, or implied volatility extrapolated from Brinks options trading.
Pair Trading with Brinks
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 Brinks 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 Brinks will appreciate offsetting losses from the drop in the long position's value.Moving together with Brinks Stock
| 0.82 | NL | NL Industries | PairCorr |
| 0.78 | VSEC | VSE Corporation Earnings Call This Week | PairCorr |
Moving against Brinks Stock
| 0.82 | AZ | A2Z Smart Technologies | PairCorr |
| 0.71 | HDSN | Hudson Technologies | PairCorr |
| 0.67 | AMBI | Ambipar Emergency Report 10th of May 2024 | PairCorr |
| 0.65 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.64 | CLVT | CLARIVATE PLC Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Brinks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brinks 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 Brinks - 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 Brinks Company to buy it.
The correlation of Brinks 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 Brinks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brinks Company 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 Brinks 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brinks Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Brinks Company information on this page should be used as a complementary analysis to other Brinks' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Brinks Stock analysis
When running Brinks' price analysis, check to measure Brinks' 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 Brinks is operating at the current time. Most of Brinks' value examination focuses on studying past and present price action to predict the probability of Brinks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brinks' price. Additionally, you may evaluate how the addition of Brinks to your portfolios can decrease your overall portfolio volatility.
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Is Brinks' industry 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 Brinks. If investors know Brinks 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 Brinks listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Brinks Company is measured differently than its book value, which is the value of Brinks that is recorded on the company's balance sheet. Investors also form their own opinion of Brinks' value that differs from its market value or its book value, called intrinsic value, which is Brinks' 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 Brinks' market value can be influenced by many factors that don't directly affect Brinks' 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 Brinks' value and its price as these two are different measures arrived at by different means. Investors typically determine if Brinks is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brinks' 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.