Brightcove Stock Market Value
BCOV Stock | USD 1.87 0.02 1.06% |
Symbol | Brightcove |
Brightcove Price To Book Ratio
Is Brightcove'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 Brightcove. If investors know Brightcove 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 Brightcove 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 (0.79) | Earnings Share (0.53) | Revenue Per Share 4.665 | Quarterly Revenue Growth 0.019 | Return On Assets (0.05) |
The market value of Brightcove is measured differently than its book value, which is the value of Brightcove that is recorded on the company's balance sheet. Investors also form their own opinion of Brightcove's value that differs from its market value or its book value, called intrinsic value, which is Brightcove'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 Brightcove's market value can be influenced by many factors that don't directly affect Brightcove'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 Brightcove's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brightcove is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brightcove'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.
Brightcove 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Brightcove's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Brightcove.
02/17/2024 |
| 03/18/2024 |
If you would invest 0.00 in Brightcove on February 17, 2024 and sell it all today you would earn a total of 0.00 from holding Brightcove or generate 0.0% return on investment in Brightcove over 30 days. Brightcove is related to or competes with Daily Journal, Eventbrite, Kingsoft Cloud, Dynatrace Holdings, Unity Software, Blackline, and C3 Ai. Its flagship product includes Video Cloud, an online video platform that enables its customers to publish and distribute... More
Brightcove Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Brightcove's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Brightcove upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.09) | |||
Maximum Drawdown | 22.53 | |||
Value At Risk | (5.66) | |||
Potential Upside | 5.82 |
Brightcove Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brightcove's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brightcove's standard deviation. In reality, there are many statistical measures that can use Brightcove historical prices to predict the future Brightcove's volatility.Risk Adjusted Performance | (0.03) | |||
Jensen Alpha | (0.41) | |||
Total Risk Alpha | (1.05) | |||
Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Brightcove's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Brightcove in the context of predictive analytics.
Brightcove Backtested Returns
Brightcove secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had -0.12% return per unit of risk over the last 3 months. Our standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Brightcove exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm Brightcove's Mean Deviation of 2.88, risk adjusted performance of (0.03), and Standard Deviation of 3.9 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.33, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Brightcove will likely underperform. Brightcove exposes twenty-two different technical indicators, which can help you to evaluate its performance. Brightcove has an expected return of -0.45%. Please make sure to confirm Brightcove treynor ratio, as well as the relationship between the accumulation distribution and price action indicator to decide if Brightcove performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Brightcove has insignificant predictability. Overlapping area represents the amount of predictability between Brightcove time series from 17th of February 2024 to 3rd of March 2024 and 3rd of March 2024 to 18th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Brightcove price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Brightcove price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.13 | |
Spearman Rank Test | -0.36 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
Brightcove lagged returns against current returns
Autocorrelation, which is Brightcove stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Brightcove's stock expected returns. We can calculate the autocorrelation of Brightcove returns to help us make a trade decision. For example, suppose you find that Brightcove stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Brightcove regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Brightcove stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brightcove stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brightcove stock over time.
Current vs Lagged Prices |
Timeline |
Brightcove Lagged Returns
When evaluating Brightcove's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brightcove stock have on its future price. Brightcove autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Brightcove autocorrelation shows the relationship between Brightcove stock current value and its past values and can show if there is a momentum factor associated with investing in Brightcove.
Regressed Prices |
Timeline |
Pair Trading with Brightcove
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 Brightcove 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 Brightcove will appreciate offsetting losses from the drop in the long position's value.Moving together with Brightcove Stock
0.83 | U | Unity Software Sell-off Trend | PairCorr |
0.69 | DT | Dynatrace Holdings LLC Sell-off Trend | PairCorr |
Moving against Brightcove Stock
0.83 | DPSI | DecisionPoint Systems Report 3rd of April 2024 | PairCorr |
0.59 | DSGX | Descartes Systems Financial Report 29th of May 2024 | PairCorr |
0.43 | DJCO | Daily Journal Corp | PairCorr |
The ability to find closely correlated positions to Brightcove could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brightcove 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 Brightcove - 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 Brightcove to buy it.
The correlation of Brightcove is a statistical measure of how it moves in relation to other equities. 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 Brightcove moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brightcove 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 Brightcove 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 Brightcove Correlation, Brightcove Volatility and Brightcove Alpha and Beta module to complement your research on Brightcove. For more information on how to buy Brightcove Stock please use our How to Invest in Brightcove guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Brightcove Stock analysis
When running Brightcove's price analysis, check to measure Brightcove'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 Brightcove is operating at the current time. Most of Brightcove's value examination focuses on studying past and present price action to predict the probability of Brightcove's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brightcove's price. Additionally, you may evaluate how the addition of Brightcove to your portfolios can decrease your overall portfolio volatility.
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Brightcove technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.