Brill Shoe Price to Earning vs. Beta
| BRIL Stock | ILS 1,122 90.00 8.72% |
For Brill Shoe profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Brill Shoe to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Brill Shoe Industries utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Brill Shoe's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Brill Shoe Industries over time as well as its relative position and ranking within its peers.
Brill |
Brill Shoe Industries Beta vs. Price to Earning Fundamental Analysis
Brill Beta vs. Price to Earning
Brill Shoe | = | null |
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Brill Shoe |
| = | 0.7 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Brill Beta Comparison
Brill Shoe is currently under evaluation in beta category among related companies.
Use Brill Shoe in pair-trading
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 Brill Shoe 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 Brill Shoe will appreciate offsetting losses from the drop in the long position's value.Brill Shoe Pair Trading
Brill Shoe Industries Pair Trading Analysis
The ability to find closely correlated positions to Brill Shoe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brill Shoe 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 Brill Shoe - 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 Brill Shoe Industries to buy it.
The correlation of Brill Shoe 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 Brill Shoe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brill Shoe Industries 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 Brill Shoe 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.Use Investing Themes to Complement your Brill Shoe position
In addition to having Brill Shoe in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Online Gaming Thematic Idea Now
Online Gaming
Companies that are involved in the building and marketing of online gaming-related products. The Online Gaming theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Online Gaming Theme or any other thematic opportunities.
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Check out Trending Equities. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Brill Stock analysis
When running Brill Shoe's price analysis, check to measure Brill Shoe'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 Brill Shoe is operating at the current time. Most of Brill Shoe's value examination focuses on studying past and present price action to predict the probability of Brill Shoe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brill Shoe's price. Additionally, you may evaluate how the addition of Brill Shoe to your portfolios can decrease your overall portfolio volatility.
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To fully project Brill Shoe's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Brill Shoe Industries at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Brill Shoe's income statement, its balance sheet, and the statement of cash flows.