BRP Stock Forecast - Information Ratio
| DOOO Stock | USD 67.87 0.53 0.77% |
BRP Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BRP stock prices and determine the direction of BRP Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of BRP's historical fundamentals, such as revenue growth or operating cash flow patterns. Although BRP's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of BRP's systematic risk associated with finding meaningful patterns of BRP fundamentals over time.
Check out Historical Fundamental Analysis of BRP to cross-verify your projections. BRP |
Open Interest Against 2024-06-21 BRP Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast BRP'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 BRP's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for BRP 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 BRP's open interest, investors have to compare it to BRP'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 BRP 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 BRP. 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 BRP 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 BRP's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets BRP's price structures and extracts relationships that further increase the generated results' accuracy.
| Check BRP Volatility | Backtest BRP | Information Ratio |
BRP Trading Date Momentum
| On May 21 2024 BRP Inc was traded for 67.87 at the closing time. The top price for the day was 67.87 and the lowest listed price was 67.87 . There was no trading activity during the period 0.0. Lack of trading volume on May 21, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.78% . |
| Compare BRP to competition |
Other Forecasting Options for BRP
For every potential investor in BRP, whether a beginner or expert, BRP's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BRP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BRP. Basic forecasting techniques help filter out the noise by identifying BRP's price trends.BRP 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 BRP stock to make a market-neutral strategy. Peer analysis of BRP could also be used in its relative valuation, which is a method of valuing BRP by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BRP Inc 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 BRP'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 BRP's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
BRP Market Strength Events
Market strength indicators help investors to evaluate how BRP stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BRP shares will generate the highest return on investment. By undertsting and applying BRP stock market strength indicators, traders can identify BRP Inc entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 67.87 | |||
| Day Typical Price | 67.87 | |||
| Price Action Indicator | (0.27) | |||
| Period Momentum Indicator | (0.53) |
BRP Risk Indicators
The analysis of BRP'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 BRP's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting brp 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 | 1.65 | |||
| Standard Deviation | 2.25 | |||
| Variance | 5.08 |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of BRP to cross-verify your projections. 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 BRP Stock analysis
When running BRP's price analysis, check to measure BRP'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 BRP is operating at the current time. Most of BRP's value examination focuses on studying past and present price action to predict the probability of BRP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BRP's price. Additionally, you may evaluate how the addition of BRP to your portfolios can decrease your overall portfolio volatility.
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |
Is BRP'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 BRP. If investors know BRP 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 BRP 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 (0.46) | Dividend Share 0.72 | Earnings Share 6.96 | Revenue Per Share 134.346 | Quarterly Revenue Growth (0.12) |
The market value of BRP Inc is measured differently than its book value, which is the value of BRP that is recorded on the company's balance sheet. Investors also form their own opinion of BRP's value that differs from its market value or its book value, called intrinsic value, which is BRP'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 BRP's market value can be influenced by many factors that don't directly affect BRP'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 BRP's value and its price as these two are different measures arrived at by different means. Investors typically determine if BRP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BRP'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.