Brp Group Stock Market Value
| BRP Stock | USD 27.41 0.18 0.65% |
| Symbol | Brp |
Brp Group Price To Book Ratio
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 0.182 | Earnings Share (1.50) | Revenue Per Share 20.264 | Quarterly Revenue Growth 0.157 | Return On Assets 0.0082 |
The market value of Brp Group 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.
Brp '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 Brp'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 Brp.
| 03/23/2024 |
| 04/22/2024 |
If you would invest 0.00 in Brp on March 23, 2024 and sell it all today you would earn a total of 0.00 from holding Brp Group or generate 0.0% return on investment in Brp over 30 days. Brp is related to or competes with Willis Towers, Erie Indemnity, CorVel Corp, Huize HoldingLtd, and Crawford. BRP Group, Inc. markets and sells insurance products and services in the United States More
Brp 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 Brp'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 Brp Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | 0.0569 | |||
| Maximum Drawdown | 10.47 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 4.08 |
Brp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brp's standard deviation. In reality, there are many statistical measures that can use Brp historical prices to predict the future Brp's volatility.| Risk Adjusted Performance | 0.0639 | |||
| Jensen Alpha | 0.0739 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0583 | |||
| Treynor Ratio | 0.1153 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brp'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.
Brp Group Backtested Returns
We consider Brp very steady. Brp Group secures Sharpe Ratio (or Efficiency) of 0.0515, which signifies that the company had a 0.0515% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Brp Group, which you can use to evaluate the volatility of the firm. Please confirm Brp's Mean Deviation of 1.86, risk adjusted performance of 0.0639, and Downside Deviation of 2.37 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Brp has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.85, 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, Brp will likely underperform. Brp Group right now shows a risk of 2.43%. Please confirm Brp Group semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Brp Group will be following its price patterns.
Auto-correlation | 0.43 |
Average predictability
Brp Group has average predictability. Overlapping area represents the amount of predictability between Brp time series from 23rd of March 2024 to 7th of April 2024 and 7th of April 2024 to 22nd of April 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 Brp Group price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Brp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Brp Group lagged returns against current returns
Autocorrelation, which is Brp 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 Brp's stock expected returns. We can calculate the autocorrelation of Brp returns to help us make a trade decision. For example, suppose you find that Brp 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Brp 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 Brp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brp stock over time.
Current vs Lagged Prices |
| Timeline |
Brp Lagged Returns
When evaluating Brp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brp stock have on its future price. Brp 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, Brp autocorrelation shows the relationship between Brp stock current value and its past values and can show if there is a momentum factor associated with investing in Brp Group.
Regressed Prices |
| Timeline |
Pair Trading with Brp
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 Brp 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 Brp will appreciate offsetting losses from the drop in the long position's value.Moving together with Brp Stock
| 0.87 | ERIE | Erie Indemnity Earnings Call This Week | PairCorr |
| 0.79 | AJG | Arthur J Gallagher Earnings Call This Week | PairCorr |
| 0.81 | AON | Aon PLC Earnings Call This Week | PairCorr |
Moving against Brp Stock
| 0.63 | FANH | Fanhua Inc | PairCorr |
| 0.5 | DHIL | Diamond Hill Investment | PairCorr |
| 0.48 | ALIZY | Allianz SE ADR | PairCorr |
| 0.43 | RELI | Reliance Global Group | PairCorr |
| 0.42 | EHTH | eHealth Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Brp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brp 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 Brp - 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 Brp Group to buy it.
The correlation of Brp 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 Brp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brp Group 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 Brp 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 Brp Correlation, Brp Volatility and Brp Alpha and Beta module to complement your research on Brp. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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.
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Brp 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.