Bristow Group Stock Market Value
| VTOL Stock | USD 26.14 1.04 4.14% |
| Symbol | Bristow |
Bristow Group Price To Book Ratio
Is Bristow'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 Bristow. If investors know Bristow 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 Bristow 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 (0.74) | Earnings Share (0.24) | Revenue Per Share 44.93 | Quarterly Revenue Growth 0.083 | Return On Assets 0.0184 |
The market value of Bristow Group is measured differently than its book value, which is the value of Bristow that is recorded on the company's balance sheet. Investors also form their own opinion of Bristow's value that differs from its market value or its book value, called intrinsic value, which is Bristow'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 Bristow's market value can be influenced by many factors that don't directly affect Bristow'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 Bristow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bristow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bristow'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.
Bristow '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 Bristow'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 Bristow.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Bristow on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Bristow Group or generate 0.0% return on investment in Bristow over 30 days. Bristow is related to or competes with Expro Group, MRC Global, and Now. Bristow Group Inc. provides aviation services to integrated, national, and independent offshore energy companies in the ... More
Bristow 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 Bristow'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 Bristow Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.82 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 2.54 |
Bristow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bristow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bristow's standard deviation. In reality, there are many statistical measures that can use Bristow historical prices to predict the future Bristow's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bristow'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.
Bristow Group Backtested Returns
Bristow Group secures Sharpe Ratio (or Efficiency) of -0.0252, which signifies that the company had a -0.0252% return per unit of risk over the last 3 months. Bristow Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bristow's Risk Adjusted Performance of (0.01), mean deviation of 1.22, and Standard Deviation of 1.64 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.48, 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, Bristow will likely underperform. Bristow Group has an expected return of -0.0438%. Please make sure to confirm Bristow Group information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if Bristow Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Bristow Group has very good reverse predictability. Overlapping area represents the amount of predictability between Bristow time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Bristow Group price movement. The serial correlation of -0.67 indicates that around 67.0% of current Bristow price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Bristow Group lagged returns against current returns
Autocorrelation, which is Bristow 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 Bristow's stock expected returns. We can calculate the autocorrelation of Bristow returns to help us make a trade decision. For example, suppose you find that Bristow 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 |
Bristow 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 Bristow stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bristow stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bristow stock over time.
Current vs Lagged Prices |
| Timeline |
Bristow Lagged Returns
When evaluating Bristow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bristow stock have on its future price. Bristow 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, Bristow autocorrelation shows the relationship between Bristow stock current value and its past values and can show if there is a momentum factor associated with investing in Bristow Group.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Bristow Group is a strong investment it is important to analyze Bristow's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bristow's future performance. For an informed investment choice regarding Bristow Stock, refer to the following important reports:Check out Bristow Correlation, Bristow Volatility and Bristow Alpha and Beta module to complement your research on Bristow. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Bristow Stock analysis
When running Bristow's price analysis, check to measure Bristow'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 Bristow is operating at the current time. Most of Bristow's value examination focuses on studying past and present price action to predict the probability of Bristow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bristow's price. Additionally, you may evaluate how the addition of Bristow to your portfolios can decrease your overall portfolio volatility.
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Bristow 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.