Brookstone Opportunities Etf Market Value
| BAMO Etf | 31.17 0.03 0.1% |
| Symbol | Brookstone |
The market value of Brookstone Opportunities is measured differently than its book value, which is the value of Brookstone that is recorded on the company's balance sheet. Investors also form their own opinion of Brookstone Opportunities' value that differs from its market value or its book value, called intrinsic value, which is Brookstone Opportunities' 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 Brookstone Opportunities' market value can be influenced by many factors that don't directly affect Brookstone Opportunities' 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 Brookstone Opportunities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Brookstone Opportunities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brookstone Opportunities' 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.
Brookstone Opportunities '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 Brookstone Opportunities' etf 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 Brookstone Opportunities.
| 04/09/2025 |
| 07/08/2025 |
If you would invest 0.00 in Brookstone Opportunities on April 9, 2025 and sell it all today you would earn a total of 0.00 from holding Brookstone Opportunities ETF or generate 0.0% return on investment in Brookstone Opportunities over 90 days. Brookstone Opportunities is related to or competes with Ocean Park, Advisors Inner, Formidable ETF, ProShares Hedge, IQ Hedge, SPDR SSgA, and FundX Investment. Brookstone Opportunities is entity of United States More
Brookstone Opportunities 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 Brookstone Opportunities' etf 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 Brookstone Opportunities ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 8.01 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.29 |
Brookstone Opportunities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brookstone Opportunities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brookstone Opportunities' standard deviation. In reality, there are many statistical measures that can use Brookstone Opportunities historical prices to predict the future Brookstone Opportunities' volatility.| Risk Adjusted Performance | 0.1322 | |||
| Jensen Alpha | 0.026 | |||
| Total Risk Alpha | 0.0241 | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1259 |
Brookstone Opportunities Backtested Returns
As of now, Brookstone Etf is very steady. Brookstone Opportunities secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the etf had a 0.19 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Brookstone Opportunities ETF, which you can use to evaluate the volatility of the entity. Please confirm Brookstone Opportunities' Downside Deviation of 1.36, risk adjusted performance of 0.1322, and Mean Deviation of 0.6132 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The etf shows a Beta (market volatility) of 0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Brookstone Opportunities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Brookstone Opportunities is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Brookstone Opportunities ETF has very good predictability. Overlapping area represents the amount of predictability between Brookstone Opportunities time series from 9th of April 2025 to 24th of May 2025 and 24th of May 2025 to 8th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Brookstone Opportunities price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Brookstone Opportunities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Brookstone Opportunities lagged returns against current returns
Autocorrelation, which is Brookstone Opportunities etf'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 Brookstone Opportunities' etf expected returns. We can calculate the autocorrelation of Brookstone Opportunities returns to help us make a trade decision. For example, suppose you find that Brookstone Opportunities has exhibited high autocorrelation historically, and you observe that the etf 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 |
Brookstone Opportunities 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 Brookstone Opportunities etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brookstone Opportunities etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brookstone Opportunities etf over time.
Current vs Lagged Prices |
| Timeline |
Brookstone Opportunities Lagged Returns
When evaluating Brookstone Opportunities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brookstone Opportunities etf have on its future price. Brookstone Opportunities 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, Brookstone Opportunities autocorrelation shows the relationship between Brookstone Opportunities etf current value and its past values and can show if there is a momentum factor associated with investing in Brookstone Opportunities ETF.
Regressed Prices |
| Timeline |
Pair Trading with Brookstone Opportunities
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 Brookstone Opportunities 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 Brookstone Opportunities will appreciate offsetting losses from the drop in the long position's value.Moving together with Brookstone Etf
| 0.99 | OCIO | ClearShares OCIO ETF | PairCorr |
| 0.96 | MFUL | Collaborative Investment | PairCorr |
| 0.96 | MPRO | Northern Lights | PairCorr |
| 0.95 | RULE | Collaborative Investment | PairCorr |
Moving against Brookstone Etf
The ability to find closely correlated positions to Brookstone Opportunities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookstone Opportunities 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 Brookstone Opportunities - 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 Brookstone Opportunities ETF to buy it.
The correlation of Brookstone Opportunities 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 Brookstone Opportunities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookstone Opportunities 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 Brookstone Opportunities 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 Brookstone Opportunities Correlation, Brookstone Opportunities Volatility and Brookstone Opportunities Alpha and Beta module to complement your research on Brookstone Opportunities. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Brookstone Opportunities technical etf 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, etf market cycles, or different charting patterns.