Brookfield Office Properties Preferred Stock Market Value
| BPO-PI Preferred Stock | CAD 16.70 0.20 1.21% |
| Symbol | Brookfield |
Brookfield Office '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 Brookfield Office's preferred 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 Brookfield Office.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Brookfield Office on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Brookfield Office Properties or generate 0.0% return on investment in Brookfield Office over 30 days. Brookfield Office is related to or competes with IShares Canadian, PHN Multi, Altagas Cum, EcoSynthetix, and European Residential. More
Brookfield Office 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 Brookfield Office's preferred 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 Brookfield Office Properties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8949 | |||
| Information Ratio | 0.0929 | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.86 |
Brookfield Office Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brookfield Office's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brookfield Office's standard deviation. In reality, there are many statistical measures that can use Brookfield Office historical prices to predict the future Brookfield Office's volatility.| Risk Adjusted Performance | 0.1742 | |||
| Jensen Alpha | 0.1634 | |||
| Total Risk Alpha | 0.0674 | |||
| Sortino Ratio | 0.0877 | |||
| Treynor Ratio | 1.02 |
Brookfield Office Backtested Returns
Brookfield Office appears to be very steady, given 3 months investment horizon. Brookfield Office secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. We have found thirty technical indicators for Brookfield Office Properties, which you can use to evaluate the volatility of the firm. Please makes use of Brookfield Office's Risk Adjusted Performance of 0.1742, downside deviation of 0.8949, and Mean Deviation of 0.6462 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Brookfield Office holds a performance score of 19. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brookfield Office's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brookfield Office is expected to be smaller as well. Please check Brookfield Office's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Brookfield Office's price patterns will revert.
Auto-correlation | -0.86 |
Excellent reverse predictability
Brookfield Office Properties has excellent reverse predictability. Overlapping area represents the amount of predictability between Brookfield Office time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Brookfield Office price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Brookfield Office price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Brookfield Office lagged returns against current returns
Autocorrelation, which is Brookfield Office preferred 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 Brookfield Office's preferred stock expected returns. We can calculate the autocorrelation of Brookfield Office returns to help us make a trade decision. For example, suppose you find that Brookfield Office has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Brookfield Office 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 Brookfield Office preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brookfield Office preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brookfield Office preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Brookfield Office Lagged Returns
When evaluating Brookfield Office's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brookfield Office preferred stock have on its future price. Brookfield Office 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, Brookfield Office autocorrelation shows the relationship between Brookfield Office preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Brookfield Office Properties.
Regressed Prices |
| Timeline |
Pair Trading with Brookfield Office
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 Brookfield Office 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 Brookfield Office will appreciate offsetting losses from the drop in the long position's value.Moving together with Brookfield Preferred Stock
The ability to find closely correlated positions to Brookfield Office could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Office 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 Brookfield Office - 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 Brookfield Office Properties to buy it.
The correlation of Brookfield Office 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 Brookfield Office moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Office 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 Brookfield Office 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.Other Information on Investing in Brookfield Preferred Stock
Brookfield Office financial ratios help investors to determine whether Brookfield Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Brookfield with respect to the benefits of owning Brookfield Office security.