BRP Stock Forecast - Accumulation Distribution
| DOOO Stock | USD 48.09 0.38 0.80% |
BRP Stock Forecast is based on your current time horizon. Although BRP's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of BRP's systematic risk associated with finding meaningful patterns of BRP fundamentals over time.
BRP |
Open Interest Against 2024-12-20 BRP Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast BRP's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in BRP's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for BRP stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current BRP's open interest, investors have to compare it to BRP's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of BRP is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in BRP. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 442.69 | 603.72 |
| Check BRP Volatility | Backtest BRP | Trend Details |
BRP Trading Date Momentum
| On August 29 2024 BRP Inc was traded for 70.99 at the closing time. The top price for the day was 72.14 and the lowest listed price was 70.64 . The trading volume for the day was 252.1 K. The trading history from August 29, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.52% . The overall trading delta against the current closing price is 1.98% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare BRP to competition |
Other Forecasting Options for BRP
For every potential investor in BRP, whether a beginner or expert, BRP's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BRP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BRP. Basic forecasting techniques help filter out the noise by identifying BRP's price trends.BRP Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BRP stock to make a market-neutral strategy. Peer analysis of BRP could also be used in its relative valuation, which is a method of valuing BRP by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BRP Inc Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of BRP's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of BRP's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
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| Volatility Indicators | ||
| Volume Indicators |
BRP Market Strength Events
Market strength indicators help investors to evaluate how BRP stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BRP shares will generate the highest return on investment. By undertsting and applying BRP stock market strength indicators, traders can identify BRP Inc entry and exit signals to maximize returns.
BRP Risk Indicators
The analysis of BRP's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in BRP's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting brp stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.59 | |||
| Standard Deviation | 2.22 | |||
| Variance | 4.93 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 against BRP Stock
| 0.88 | RL | Ralph Lauren Corp | PairCorr |
| 0.86 | DOGZ | Dogness International | PairCorr |
| 0.8 | VOXX | VOXX International | PairCorr |
| 0.8 | REE | Ree Automotive Holding | PairCorr |
| 0.78 | KTB | Kontoor Brands | 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 Inc 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 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 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 Historical Fundamental Analysis of BRP to cross-verify your projections. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Leisure Products space 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 (0.98) | Dividend Share 0.78 | Earnings Share 2.35 | Revenue Per Share 120.205 | Quarterly Revenue Growth (0.34) |
The market value of BRP Inc 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.