Barnwell Industries Stock Market Value
| BRN Stock | USD 1.90 0.02 1.04% |
| Symbol | Barnwell |
Barnwell Industries Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Barnwell Industries. If investors know Barnwell 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 Barnwell Industries 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 (0.01) | Earnings Share (0.38) | Revenue Per Share 2.428 | Quarterly Revenue Growth (0.03) | Return On Assets (0.04) |
The market value of Barnwell Industries is measured differently than its book value, which is the value of Barnwell that is recorded on the company's balance sheet. Investors also form their own opinion of Barnwell Industries' value that differs from its market value or its book value, called intrinsic value, which is Barnwell Industries' 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 Barnwell Industries' market value can be influenced by many factors that don't directly affect Barnwell Industries' 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 Barnwell Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Barnwell Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barnwell Industries' 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.
Barnwell Industries '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 Barnwell Industries' 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 Barnwell Industries.
| 10/02/2024 |
| 11/01/2024 |
If you would invest 0.00 in Barnwell Industries on October 2, 2024 and sell it all today you would earn a total of 0.00 from holding Barnwell Industries or generate 0.0% return on investment in Barnwell Industries over 30 days. Barnwell Industries is related to or competes with Houston American, Mexco Energy, PHX Minerals, Ring Energy, Permianville Royalty, Gran Tierra, and Epsilon Energy. Barnwell Industries, Inc. acquires, develops, produces, and sells oil and natural gas in Canada More
Barnwell Industries 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 Barnwell Industries' 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 Barnwell Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.22 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 4.1 |
Barnwell Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Barnwell Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Barnwell Industries' standard deviation. In reality, there are many statistical measures that can use Barnwell Industries historical prices to predict the future Barnwell Industries' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Barnwell Industries' 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.
Barnwell Industries Backtested Returns
Barnwell Industries secures Sharpe Ratio (or Efficiency) of -0.0825, which signifies that the company had a -0.0825% return per unit of risk over the last 3 months. Barnwell Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Barnwell Industries' Mean Deviation of 1.92, risk adjusted performance of (0.07), and Standard Deviation of 2.66 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.99, which signifies possible diversification benefits within a given portfolio. Barnwell Industries returns are very sensitive to returns on the market. As the market goes up or down, Barnwell Industries is expected to follow. At this point, Barnwell Industries has a negative expected return of -0.22%. Please make sure to confirm Barnwell Industries' jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Barnwell Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Barnwell Industries has good predictability. Overlapping area represents the amount of predictability between Barnwell Industries time series from 2nd of October 2024 to 17th of October 2024 and 17th of October 2024 to 1st of November 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 Barnwell Industries price movement. The serial correlation of 0.79 indicates that around 79.0% of current Barnwell Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Barnwell Industries lagged returns against current returns
Autocorrelation, which is Barnwell Industries 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 Barnwell Industries' stock expected returns. We can calculate the autocorrelation of Barnwell Industries returns to help us make a trade decision. For example, suppose you find that Barnwell Industries 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 |
Barnwell Industries 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 Barnwell Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Barnwell Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Barnwell Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Barnwell Industries Lagged Returns
When evaluating Barnwell Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Barnwell Industries stock have on its future price. Barnwell Industries 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, Barnwell Industries autocorrelation shows the relationship between Barnwell Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Barnwell Industries.
Regressed Prices |
| Timeline |
Pair Trading with Barnwell Industries
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 Barnwell Industries 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 Barnwell Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Barnwell Stock
Moving against Barnwell Stock
The ability to find closely correlated positions to Barnwell Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barnwell Industries 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 Barnwell Industries - 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 Barnwell Industries to buy it.
The correlation of Barnwell Industries 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 Barnwell Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barnwell Industries 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 Barnwell Industries 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 Barnwell Industries Correlation, Barnwell Industries Volatility and Barnwell Industries Alpha and Beta module to complement your research on Barnwell Industries. To learn how to invest in Barnwell Stock, please use our How to Invest in Barnwell Industries guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Barnwell Industries 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.