Brightview Holdings Stock Beta
| BV Stock | USD 11.52 0.32 2.86% |
BrightView Holdings fundamentals help investors to digest information that contributes to BrightView Holdings' financial success or failures. It also enables traders to predict the movement of BrightView Stock. The fundamental analysis module provides a way to measure BrightView Holdings' 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 BrightView Holdings stock.
BrightView |
BrightView Holdings Company Beta Analysis
BrightView Holdings' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current BrightView Holdings Beta | 1.22 |
Most of BrightView Holdings' fundamental indicators, such as Beta, 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, BrightView Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, BrightView Holdings has a Beta of 1.224. This is 10.66% lower than that of the Commercial Services & Supplies sector and significantly higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.
BrightView Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BrightView Holdings' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of BrightView Holdings could also be used in its relative valuation, which is a method of valuing BrightView Holdings by comparing valuation metrics of similar companies.BrightView Holdings is currently under evaluation in beta category among related companies.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BrightView Holdings will likely underperform.
BrightView Fundamentals
| Return On Equity | -0.0036 | ||||
| Return On Asset | 0.0196 | ||||
| Profit Margin | (0) % | ||||
| Operating Margin | (0.01) % | ||||
| Current Valuation | 2.5 B | ||||
| Shares Outstanding | 94.4 M | ||||
| Shares Owned By Insiders | 2.44 % | ||||
| Shares Owned By Institutions | 93.48 % | ||||
| Number Of Shares Shorted | 1.27 M | ||||
| Price To Earning | 36.38 X | ||||
| Price To Book | 0.88 X | ||||
| Price To Sales | 0.38 X | ||||
| Revenue | 2.82 B | ||||
| Gross Profit | 678.9 M | ||||
| EBITDA | 244 M | ||||
| Net Income | (7.7 M) | ||||
| Cash And Equivalents | 20.1 M | ||||
| Cash Per Share | 0.28 X | ||||
| Total Debt | 980.5 M | ||||
| Debt To Equity | 1.20 % | ||||
| Current Ratio | 1.29 X | ||||
| Book Value Per Share | 12.80 X | ||||
| Cash Flow From Operations | 129.9 M | ||||
| Short Ratio | 1.76 X | ||||
| Earnings Per Share | (0.19) X | ||||
| Price To Earnings To Growth | 4.04 X | ||||
| Target Price | 11.1 | ||||
| Number Of Employees | 20.4 K | ||||
| Beta | 1.22 | ||||
| Market Capitalization | 1.09 B | ||||
| Total Asset | 3.35 B | ||||
| Retained Earnings | (135.3 M) | ||||
| Working Capital | 275.4 M | ||||
| Current Asset | 142.66 M | ||||
| Current Liabilities | 92.01 M | ||||
| Net Asset | 3.35 B |
About BrightView Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BrightView Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BrightView Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BrightView Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.85 | NL | NL Industries Earnings Call This Week | PairCorr |
Moving against BrightView Stock
| 0.86 | HDSN | Hudson Technologies Earnings Call This Week | PairCorr |
| 0.83 | HURN | Huron Consulting Earnings Call This Week | PairCorr |
| 0.64 | RGP | Resources Connection Financial Report 22nd of July 2024 | PairCorr |
| 0.6 | LNZA | LanzaTech Global Financial Report 20th of May 2024 | PairCorr |
| 0.59 | GFL | Gfl Environmental Earnings Call This Week | 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 Piotroski F Score and BrightView Holdings Altman Z Score analysis. For more information on how to buy BrightView Stock please use our How to Invest in BrightView Holdings guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |
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.
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.