Brookline Bancorp Stock Market Value
| BRKL Stock | USD 9.37 0.01 0.11% |
| Symbol | Brookline |
Brookline Bancorp Price To Book Ratio
Is Brookline Bancorp's 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 Brookline Bancorp. If investors know Brookline 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 Brookline Bancorp 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 (0.32) | Dividend Share 0.54 | Earnings Share 0.85 | Revenue Per Share 3.779 | Quarterly Revenue Growth 0.053 |
The market value of Brookline Bancorp is measured differently than its book value, which is the value of Brookline that is recorded on the company's balance sheet. Investors also form their own opinion of Brookline Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Brookline Bancorp'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 Brookline Bancorp's market value can be influenced by many factors that don't directly affect Brookline Bancorp'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 Brookline Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brookline Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brookline Bancorp'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.
Brookline Bancorp '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 Brookline Bancorp's 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 Brookline Bancorp.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Brookline Bancorp on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Brookline Bancorp or generate 0.0% return on investment in Brookline Bancorp over 30 days. Brookline Bancorp is related to or competes with HMN Financial, Lake Shore, and Rhinebeck Bancorp. Brookline Bancorp, Inc. operates as a bank holding company for the Brookline Bank that provide commercial, business, and... More
Brookline Bancorp 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 Brookline Bancorp's 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 Brookline Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.52 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 3.87 |
Brookline Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brookline Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brookline Bancorp's standard deviation. In reality, there are many statistical measures that can use Brookline Bancorp historical prices to predict the future Brookline Bancorp's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brookline Bancorp's 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.
Brookline Bancorp Backtested Returns
Brookline Bancorp secures Sharpe Ratio (or Efficiency) of -0.0837, which signifies that the company had a -0.0837% return per unit of risk over the last 3 months. Brookline Bancorp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brookline Bancorp's Mean Deviation of 1.6, risk adjusted performance of (0.02), and Standard Deviation of 2.14 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.72, 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, Brookline Bancorp will likely underperform. Brookline Bancorp has an expected return of -0.18%. Please make sure to confirm Brookline Bancorp information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if Brookline Bancorp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Brookline Bancorp has poor reverse predictability. Overlapping area represents the amount of predictability between Brookline Bancorp time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Brookline Bancorp price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Brookline Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Brookline Bancorp lagged returns against current returns
Autocorrelation, which is Brookline Bancorp 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 Brookline Bancorp's stock expected returns. We can calculate the autocorrelation of Brookline Bancorp returns to help us make a trade decision. For example, suppose you find that Brookline Bancorp 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 |
Brookline Bancorp 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 Brookline Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brookline Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brookline Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
Brookline Bancorp Lagged Returns
When evaluating Brookline Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brookline Bancorp stock have on its future price. Brookline Bancorp 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, Brookline Bancorp autocorrelation shows the relationship between Brookline Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Brookline Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with Brookline Bancorp
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 Brookline Bancorp 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 Brookline Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving together with Brookline Stock
| 0.88 | AX | Axos Financial Earnings Call This Week | PairCorr |
| 0.89 | BY | Byline Bancorp Earnings Call This Week | PairCorr |
Moving against Brookline Stock
| 0.73 | TECTP | Tectonic Financial | PairCorr |
| 0.7 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.66 | CFG-PD | Citizens Financial | PairCorr |
| 0.65 | DB | Deutsche Bank AG Earnings Call This Week | PairCorr |
| 0.58 | KB | KB Financial Group Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Brookline Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookline Bancorp 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 Brookline Bancorp - 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 Brookline Bancorp to buy it.
The correlation of Brookline Bancorp 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 Brookline Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookline Bancorp 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 Brookline Bancorp 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 Brookline Bancorp Correlation, Brookline Bancorp Volatility and Brookline Bancorp Alpha and Beta module to complement your research on Brookline Bancorp. For more information on how to buy Brookline Stock please use our How to buy in Brookline Stock guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Brookline Stock analysis
When running Brookline Bancorp's price analysis, check to measure Brookline Bancorp's 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 Brookline Bancorp is operating at the current time. Most of Brookline Bancorp's value examination focuses on studying past and present price action to predict the probability of Brookline Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brookline Bancorp's price. Additionally, you may evaluate how the addition of Brookline Bancorp to your portfolios can decrease your overall portfolio volatility.
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Brookline Bancorp 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.