Barloworld Ltd Adr Stock Market Value
| BRRAY Stock | USD 4.25 0.14 3.41% |
| Symbol | Barloworld |
Barloworld '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 Barloworld's pink sheet 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 Barloworld.
| 04/11/2024 |
| 05/11/2024 |
If you would invest 0.00 in Barloworld on April 11, 2024 and sell it all today you would earn a total of 0.00 from holding Barloworld Ltd ADR or generate 0.0% return on investment in Barloworld over 30 days. Barloworld is related to or competes with United Rentals, AerCap Holdings, U-Haul Holding, U Haul, and Fortress Transp. Barloworld Limited operates as an industrial processing, distribution, and services company More
Barloworld 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 Barloworld's pink sheet 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 Barloworld Ltd ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0071 | |||
| Maximum Drawdown | 35.79 |
Barloworld Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Barloworld's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Barloworld's standard deviation. In reality, there are many statistical measures that can use Barloworld historical prices to predict the future Barloworld's volatility.| Risk Adjusted Performance | 0.0254 | |||
| Jensen Alpha | 0.0204 | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.0915 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Barloworld'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.
Barloworld ADR Backtested Returns
We consider Barloworld unstable. Barloworld ADR secures Sharpe Ratio (or Efficiency) of 0.028, which signifies that the company had a 0.028% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Barloworld Ltd ADR, which you can use to evaluate the volatility of the firm. Please confirm Barloworld's Standard Deviation of 4.11, risk adjusted performance of 0.0254, and Mean Deviation of 1.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Barloworld has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.12, which signifies a somewhat significant risk relative to the market. Barloworld returns are very sensitive to returns on the market. As the market goes up or down, Barloworld is expected to follow. Barloworld ADR right now shows a risk of 4.21%. Please confirm Barloworld ADR information ratio and rate of daily change , to decide if Barloworld ADR will be following its price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
Barloworld Ltd ADR has insignificant predictability. Overlapping area represents the amount of predictability between Barloworld time series from 11th of April 2024 to 26th of April 2024 and 26th of April 2024 to 11th of May 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 Barloworld ADR price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Barloworld price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Barloworld ADR lagged returns against current returns
Autocorrelation, which is Barloworld pink sheet'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 Barloworld's pink sheet expected returns. We can calculate the autocorrelation of Barloworld returns to help us make a trade decision. For example, suppose you find that Barloworld has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Barloworld 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 Barloworld pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Barloworld pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Barloworld pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Barloworld Lagged Returns
When evaluating Barloworld's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Barloworld pink sheet have on its future price. Barloworld 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, Barloworld autocorrelation shows the relationship between Barloworld pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Barloworld Ltd ADR.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Barloworld in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Barloworld's short interest history, or implied volatility extrapolated from Barloworld options trading.
Pair Trading with Barloworld
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 Barloworld 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 Barloworld will appreciate offsetting losses from the drop in the long position's value.Moving against Barloworld Pink Sheet
| 0.48 | LZRFY | Localiza Rent A | PairCorr |
The ability to find closely correlated positions to Barloworld could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barloworld 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 Barloworld - 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 Barloworld Ltd ADR to buy it.
The correlation of Barloworld 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 Barloworld moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barloworld ADR 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 Barloworld 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 Barloworld Correlation, Barloworld Volatility and Barloworld Alpha and Beta module to complement your research on Barloworld. Note that the Barloworld ADR information on this page should be used as a complementary analysis to other Barloworld's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Barloworld Pink Sheet analysis
When running Barloworld's price analysis, check to measure Barloworld'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 Barloworld is operating at the current time. Most of Barloworld's value examination focuses on studying past and present price action to predict the probability of Barloworld's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Barloworld's price. Additionally, you may evaluate how the addition of Barloworld to your portfolios can decrease your overall portfolio volatility.
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Barloworld technical pink sheet 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, pink sheet market cycles, or different charting patterns.