Brilliant Earth Group Stock Market Value
| BRLT Stock | USD 2.66 0.02 0.76% |
| Symbol | Brilliant |
Brilliant Earth Group Price To Book Ratio
Is Brilliant Earth'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 Brilliant Earth. If investors know Brilliant 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 Brilliant Earth 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 (0.69) | Earnings Share 0.04 | Revenue Per Share 37.422 | Quarterly Revenue Growth 0.039 | Return On Assets 0.0105 |
The market value of Brilliant Earth Group is measured differently than its book value, which is the value of Brilliant that is recorded on the company's balance sheet. Investors also form their own opinion of Brilliant Earth's value that differs from its market value or its book value, called intrinsic value, which is Brilliant Earth'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 Brilliant Earth's market value can be influenced by many factors that don't directly affect Brilliant Earth'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 Brilliant Earth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Brilliant Earth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Brilliant Earth'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.
Brilliant Earth '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 Brilliant Earth'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 Brilliant Earth.
| 04/08/2024 |
| 05/08/2024 |
If you would invest 0.00 in Brilliant Earth on April 8, 2024 and sell it all today you would earn a total of 0.00 from holding Brilliant Earth Group or generate 0.0% return on investment in Brilliant Earth over 30 days. Brilliant Earth is related to or competes with Lanvin Group, Signet Jewelers, Tapestry, Capri Holdings, MYT Netherlands, Envela Corp, and TheRealReal. Brilliant Earth Group, Inc. engages in the design, procurement, and retail sale of diamonds, gemstones, and jewelry in t... More
Brilliant Earth 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 Brilliant Earth'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 Brilliant Earth Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 17.58 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 3.98 |
Brilliant Earth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brilliant Earth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brilliant Earth's standard deviation. In reality, there are many statistical measures that can use Brilliant Earth historical prices to predict the future Brilliant Earth's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Brilliant Earth'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.
Brilliant Earth Group Backtested Returns
Brilliant Earth Group secures Sharpe Ratio (or Efficiency) of -0.0442, which signifies that the company had a -0.0442% return per unit of risk over the last 3 months. Brilliant Earth Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Brilliant Earth's Risk Adjusted Performance of (0.05), mean deviation of 2.35, and Standard Deviation of 3.29 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.11, which signifies a somewhat significant risk relative to the market. Brilliant Earth returns are very sensitive to returns on the market. As the market goes up or down, Brilliant Earth is expected to follow. Brilliant Earth Group has an expected return of -0.15%. Please make sure to confirm Brilliant Earth Group treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Brilliant Earth Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Brilliant Earth Group has insignificant predictability. Overlapping area represents the amount of predictability between Brilliant Earth time series from 8th of April 2024 to 23rd of April 2024 and 23rd of April 2024 to 8th 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 Brilliant Earth Group price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Brilliant Earth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Brilliant Earth Group lagged returns against current returns
Autocorrelation, which is Brilliant Earth 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 Brilliant Earth's stock expected returns. We can calculate the autocorrelation of Brilliant Earth returns to help us make a trade decision. For example, suppose you find that Brilliant Earth 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 |
Brilliant Earth 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 Brilliant Earth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brilliant Earth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brilliant Earth stock over time.
Current vs Lagged Prices |
| Timeline |
Brilliant Earth Lagged Returns
When evaluating Brilliant Earth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brilliant Earth stock have on its future price. Brilliant Earth 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, Brilliant Earth autocorrelation shows the relationship between Brilliant Earth stock current value and its past values and can show if there is a momentum factor associated with investing in Brilliant Earth Group.
Regressed Prices |
| Timeline |
Pair Trading with Brilliant Earth
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 Brilliant Earth 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 Brilliant Earth will appreciate offsetting losses from the drop in the long position's value.Moving against Brilliant Stock
| 0.68 | VSTO | Vista Outdoor | PairCorr |
| 0.57 | DOGZ | Dogness International | PairCorr |
| 0.41 | YYAI | Connexa Sports Techn Symbol Change | PairCorr |
The ability to find closely correlated positions to Brilliant Earth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brilliant Earth 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 Brilliant Earth - 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 Brilliant Earth Group to buy it.
The correlation of Brilliant Earth 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 Brilliant Earth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brilliant Earth Group 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 Brilliant Earth 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 Brilliant Earth Correlation, Brilliant Earth Volatility and Brilliant Earth Alpha and Beta module to complement your research on Brilliant Earth. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Brilliant Stock analysis
When running Brilliant Earth's price analysis, check to measure Brilliant Earth'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 Brilliant Earth is operating at the current time. Most of Brilliant Earth's value examination focuses on studying past and present price action to predict the probability of Brilliant Earth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brilliant Earth's price. Additionally, you may evaluate how the addition of Brilliant Earth to your portfolios can decrease your overall portfolio volatility.
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Brilliant Earth 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.