Brookline Bancorp Stock Forecast - Risk Adjusted Performance
| BRKL Stock | USD 8.97 0.04 0.44% |
Brookline Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Brookline Bancorp stock prices and determine the direction of Brookline Bancorp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Brookline Bancorp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Brookline Bancorp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Brookline Bancorp's systematic risk associated with finding meaningful patterns of Brookline Bancorp fundamentals over time.
Check out Historical Fundamental Analysis of Brookline Bancorp to cross-verify your projections. Brookline |
Open Interest Against 2024-04-19 Brookline Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Brookline Bancorp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Brookline Bancorp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Brookline Bancorp stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Brookline Bancorp's open interest, investors have to compare it to Brookline Bancorp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Brookline Bancorp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Brookline. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Brookline Bancorp cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Brookline Bancorp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Brookline Bancorp's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Brookline Bancorp Volatility | Backtest Brookline Bancorp | Information Ratio |
Brookline Bancorp Trading Date Momentum
| On April 17 2024 Brookline Bancorp was traded for 8.97 at the closing time. The top price for the day was 9.15 and the lowest listed price was 8.96 . The trading volume for the day was 256.5 K. The trading history from April 17, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.67% . |
| Compare Brookline Bancorp to competition |
Other Forecasting Options for Brookline Bancorp
For every potential investor in Brookline, whether a beginner or expert, Brookline Bancorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Brookline Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Brookline. Basic forecasting techniques help filter out the noise by identifying Brookline Bancorp's price trends.Brookline Bancorp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Brookline Bancorp stock to make a market-neutral strategy. Peer analysis of Brookline Bancorp could also be used in its relative valuation, which is a method of valuing Brookline Bancorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Brookline Bancorp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Brookline Bancorp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Brookline Bancorp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Brookline Bancorp Market Strength Events
Market strength indicators help investors to evaluate how Brookline Bancorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Brookline Bancorp shares will generate the highest return on investment. By undertsting and applying Brookline Bancorp stock market strength indicators, traders can identify Brookline Bancorp entry and exit signals to maximize returns.
Brookline Bancorp Risk Indicators
The analysis of Brookline Bancorp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Brookline Bancorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting brookline stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.55 | |||
| Standard Deviation | 2.09 | |||
| Variance | 4.39 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 Brookline Bancorp 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, Brookline Bancorp's short interest history, or implied volatility extrapolated from Brookline Bancorp options trading.
Pair Trading with Brookline Bancorp
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 Brookline Bancorp 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 Brookline Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Brookline Stock
| 0.87 | AX | Axos Financial Financial Report 25th of April 2024 | PairCorr |
| 0.88 | BY | Byline Bancorp Report 25th of April 2024 | PairCorr |
| 0.76 | PB | Prosperity Bancshares Earnings Call This Week | PairCorr |
Moving against Brookline Stock
| 0.74 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.69 | TECTP | Tectonic Financial | PairCorr |
| 0.64 | KB | KB Financial Group Earnings Call Next Week | PairCorr |
| 0.64 | CFG-PD | Citizens Financial | PairCorr |
| 0.6 | WF | Woori Financial Group Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Brookline Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookline Bancorp 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 Brookline Bancorp - 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 Brookline Bancorp to buy it.
The correlation of Brookline Bancorp 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 Brookline Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookline Bancorp 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 Brookline Bancorp 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 Historical Fundamental Analysis of Brookline Bancorp to cross-verify your projections. For more information on how to buy Brookline Stock please use our How to buy in Brookline Stock guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Brookline Stock analysis
When running Brookline Bancorp's price analysis, check to measure Brookline Bancorp'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 Brookline Bancorp is operating at the current time. Most of Brookline Bancorp's value examination focuses on studying past and present price action to predict the probability of Brookline Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brookline Bancorp's price. Additionally, you may evaluate how the addition of Brookline Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is Brookline Bancorp's 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 Brookline Bancorp. If investors know Brookline 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 Brookline Bancorp 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 (0.32) | Dividend Share 0.54 | Earnings Share 0.85 | Revenue Per Share 3.779 | Quarterly Revenue Growth 0.053 |
The market value of Brookline Bancorp is measured differently than its book value, which is the value of Brookline that is recorded on the company's balance sheet. Investors also form their own opinion of Brookline Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Brookline Bancorp'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 Brookline Bancorp's market value can be influenced by many factors that don't directly affect Brookline Bancorp'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 Brookline Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brookline Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brookline Bancorp'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.