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BrightView Holdings Backtesting

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BV -- USA Stock  

Fiscal Quarter End: March 31, 2020  

With this equity back-testing module your can estimate the performance of a buy and hold strategy of BrightView Holdings and determine expected loss or profit from investing in BrightView Holdings over given investment horizon. Continue to BrightView Holdings Hype Analysis, BrightView Holdings Correlation, BrightView Holdings Valuation, BrightView Holdings Volatility as well as analyze BrightView Holdings Alpha and Beta and BrightView Holdings Performance.
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BrightView Holdings 'What if' Analysis

November 22, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
February 20, 2020
0.00
If you would invest  0.00  in BrightView Holdings on November 22, 2019 and sell it all today you would earn a total of 0.00 from holding BrightView Holdings or generate 0.0% return on investment in BrightView Holdings over 90 days. BrightView Holdings is related to or competes with Visa, Verisk Analytics, 58 Com, Emerald Expositions, Fiverr International, and R R. BrightView Holdings, Inc. provides commercial landscaping services in the United States

BrightView Holdings Upside/Downside Indicators

Information Ratio(0.043638)
Maximum Drawdown11.5
Value At Risk(4.37)
Potential Upside4.46

BrightView Holdings Market Premium Indicators

Risk Adjusted Performance8.0E-4
Jensen Alpha0.0372
Total Risk Alpha(0.26)
Treynor Ratio0.0328

BrightView Holdings Backtested Returns

Macroaxis considers BrightView Holdings to be somewhat reliable. BrightView Holdings secures Sharpe Ratio (or Efficiency) of -0.0315 which signifies that the organization had -0.0315% of return per unit of risk over the last 3 months. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. BrightView Holdings exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm BrightView Holdings Risk Adjusted Performance of 8.0E-4 and Mean Deviation of 1.64 to double-check risk estimate we provide. The firm shows Beta (market volatility) of -0.8576 which signifies that Even though it is essential to pay attention to BrightView Holdings historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. BrightView Holdings exposes twenty-eight different technical indicators which can help you to evaluate its performance. BrightView Holdings has expected return of -0.0727%. Please be advised to confirm BrightView Holdings Potential Upside, and the relationship between Total Risk Alpha and Kurtosis to decide if BrightView Holdings past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.40) 
correlation synergy

Poor reverse predictability

BrightView Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between BrightView Holdings time series from November 22, 2019 to January 6, 2020 and January 6, 2020 to February 20, 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BrightView Holdings price movement. The serial correlation of -0.4 indicates that just about 40.0% of current BrightView Holdings price fluctuation can be explain by its past prices. Given that BrightView Holdings has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of BrightView Holdings for similar time interval.
Correlation Coefficient-0.4
Spearman Rank Test-0.29
Residual Average0.0
Price Variance0.28

BrightView Holdings lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

BrightView Holdings regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

BrightView Holdings Lagged Returns

 Regressed Prices 
    
  Timeline 

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BrightView Holdings Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for BrightView Holdings and Visa. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to BrightView Holdings Hype Analysis, BrightView Holdings Correlation, BrightView Holdings Valuation, BrightView Holdings Volatility as well as analyze BrightView Holdings Alpha and Beta and BrightView Holdings Performance. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.