Brightview Holdings Stock Market Value
| BV Stock | USD 11.33 0.19 1.65% |
| Symbol | BrightView |
BrightView Holdings Price To Book Ratio
Is BrightView Holdings' 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 BrightView Holdings. If investors know BrightView 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 BrightView Holdings 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 (0.09) | Earnings Share (0.19) | Revenue Per Share 29.775 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0196 |
The market value of BrightView Holdings is measured differently than its book value, which is the value of BrightView that is recorded on the company's balance sheet. Investors also form their own opinion of BrightView Holdings' value that differs from its market value or its book value, called intrinsic value, which is BrightView Holdings' 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 BrightView Holdings' market value can be influenced by many factors that don't directly affect BrightView Holdings' 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 BrightView Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if BrightView Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BrightView Holdings' 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.
BrightView Holdings '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 BrightView Holdings' 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 BrightView Holdings.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in BrightView Holdings on March 26, 2024 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 30 days. BrightView Holdings is related to or competes with Network 1, Civeo Corp, Maximus, CBIZ, First Advantage, Rentokil Initial, and Cass Information. BrightView Holdings, Inc., through its subsidiaries, provides commercial landscaping services in the United States More
BrightView Holdings 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 BrightView Holdings' 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 BrightView Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.181 | |||
| Maximum Drawdown | 10.83 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 4.39 |
BrightView Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BrightView Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BrightView Holdings' standard deviation. In reality, there are many statistical measures that can use BrightView Holdings historical prices to predict the future BrightView Holdings' volatility.| Risk Adjusted Performance | 0.1475 | |||
| Jensen Alpha | 0.3347 | |||
| Total Risk Alpha | 0.1807 | |||
| Sortino Ratio | 0.2053 | |||
| Treynor Ratio | 0.2871 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BrightView Holdings' 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.
BrightView Holdings Backtested Returns
BrightView Holdings appears to be not too volatile, given 3 months investment horizon. BrightView Holdings secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for BrightView Holdings, which you can use to evaluate the volatility of the firm. Please makes use of BrightView Holdings' Risk Adjusted Performance of 0.1475, mean deviation of 1.67, and Downside Deviation of 1.9 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BrightView Holdings holds a performance score of 14. The firm shows a Beta (market volatility) of 1.66, 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, BrightView Holdings will likely underperform. Please check BrightView Holdings' potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether BrightView Holdings' price patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
BrightView Holdings has almost perfect reverse predictability. Overlapping area represents the amount of predictability between BrightView Holdings time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 BrightView Holdings price movement. The serial correlation of -0.73 indicates that around 73.0% of current BrightView Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
BrightView Holdings lagged returns against current returns
Autocorrelation, which is BrightView Holdings 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 BrightView Holdings' stock expected returns. We can calculate the autocorrelation of BrightView Holdings returns to help us make a trade decision. For example, suppose you find that BrightView Holdings 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 |
BrightView Holdings 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 BrightView Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BrightView Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BrightView Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
BrightView Holdings Lagged Returns
When evaluating BrightView Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BrightView Holdings stock have on its future price. BrightView Holdings 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, BrightView Holdings autocorrelation shows the relationship between BrightView Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in BrightView Holdings.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BrightView Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BrightView Holdings' short interest history, or implied volatility extrapolated from BrightView Holdings options trading.
Pair Trading with BrightView Holdings
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 BrightView Holdings 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 BrightView Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with BrightView Stock
| 0.96 | NL | NL Industries Earnings Call This Week | PairCorr |
| 0.66 | WM | Waste Management Earnings Call Today | PairCorr |
Moving against BrightView Stock
| 0.83 | HURN | Huron Consulting Earnings Call This Week | PairCorr |
| 0.81 | HDSN | Hudson Technologies Earnings Call This Week | PairCorr |
| 0.65 | RGP | Resources Connection Financial Report 22nd of July 2024 | PairCorr |
| 0.61 | LNZA | LanzaTech Global Financial Report 20th of May 2024 | PairCorr |
| 0.57 | BTM | Bitcoin Depot Symbol Change | PairCorr |
The ability to find closely correlated positions to BrightView Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BrightView Holdings 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 BrightView Holdings - 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 BrightView Holdings to buy it.
The correlation of BrightView Holdings 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 BrightView Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BrightView Holdings 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 BrightView Holdings 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 BrightView Holdings Correlation, BrightView Holdings Volatility and BrightView Holdings Alpha and Beta module to complement your research on BrightView Holdings. For more information on how to buy BrightView Stock please use our How to Invest in BrightView Holdings guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for BrightView Stock analysis
When running BrightView Holdings' price analysis, check to measure BrightView Holdings' 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 BrightView Holdings is operating at the current time. Most of BrightView Holdings' value examination focuses on studying past and present price action to predict the probability of BrightView Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BrightView Holdings' price. Additionally, you may evaluate how the addition of BrightView Holdings to your portfolios can decrease your overall portfolio volatility.
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BrightView Holdings 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.