Bright Rock Quality Fund Fundamentals
Bright Rock Quality fundamentals help investors to digest information that contributes to Bright Rock's financial success or failures. It also enables traders to predict the movement of Bright Mutual Fund. The fundamental analysis module provides a way to measure Bright Rock's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bright Rock mutual fund.
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Bright Rock Quality Mutual Fund One Year Return Analysis
Bright Rock's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Bright Rock One Year Return | 20.28 % |
Most of Bright Rock's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bright Rock Quality is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
CompetitionBased on the recorded statements, Bright Rock Quality has an One Year Return of 20.28%. This is much higher than that of the Category family and notably higher than that of the Family category. The one year return for all United States funds is notably lower than that of the firm.
Bright Rock Quality Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Bright Rock's current stock value. Our valuation model uses many indicators to compare Bright Rock value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Bright Rock competition to find correlations between indicators driving Bright Rock's intrinsic value. More Info.Bright Rock Quality is the top fund in price to earning among similar funds. It is the top fund in price to book among similar funds fabricating about 0.17 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Bright Rock Quality is roughly 5.98 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Bright Rock by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Bright Rock's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Bright Rock's earnings, one of the primary drivers of an investment's value.Bright One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bright Rock's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Bright Rock could also be used in its relative valuation, which is a method of valuing Bright Rock by comparing valuation metrics of similar companies.Bright Rock is currently under evaluation in one year return among similar funds.
Fund Asset Allocation for Bright Rock
The fund invests 99.3% of asset under management in tradable equity instruments, with the rest of investments concentrated in cash (0.7%) .Asset allocation divides Bright Rock's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Bright Fundamentals
| Price To Earning | 19.32 X | |||
| Price To Book | 3.23 X | |||
| Price To Sales | 1.55 X | |||
| Total Asset | 231.43 M | |||
| One Year Return | 20.28 % | |||
| Three Year Return | 15.08 % | |||
| Five Year Return | 15.76 % | |||
| Net Asset | 231.43 M | |||
| Minimum Initial Investment | 5 K | |||
| Last Dividend Paid | 0.044 | |||
| Cash Position Weight | 0.70 % | |||
| Equity Positions Weight | 99.30 % |
Pair Trading with Bright Rock
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 Bright Rock 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 Bright Rock will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to EBay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EBay 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 EBay - 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 eBay Inc to buy it.
The correlation of EBay 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 EBay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if eBay Inc 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 EBay 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Other Consideration for investing in Bright Mutual Fund
If you are still planning to invest in Bright Rock Quality check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Bright Rock's history and understand the potential risks before investing.
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