Boralex Inc Backtested Returns
Macroaxis considers Boralex to be not too volatile. Boralex Inc
secures Sharpe Ratio (or Efficiency) of -0.173 which signifies that Boralex Inc
had -0.173% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Boralex Inc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Boralex Inc Risk Adjusted Performance
of 0.48 and Mean Deviation of 0.6765 to double-check risk estimate we provide. Macroaxis gives Boralex performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.1706 which signifies that as returns on market increase, Boralex returns are expected to increase less than the market. However during bear market, the loss on holding Boralex will be expected to be smaller as well.. Even though it is essential to pay attention to Boralex Inc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Boralex Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Boralex Inc has expected return of -0.1549%. Please be advised to confirm Boralex Inc Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if Boralex Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.94) |
Near perfect reversele predictability
Boralex Inc has near perfect reversele predictability. Overlapping area represents the amount of predictability between Boralex time series from January 25, 2018 to February 9, 2018 and February 9, 2018 to February 24, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Boralex Inc price movement. The serial correlation of -0.94 indicates that approximately 94.0% of current Boralex price fluctuation can be explain by its past prices. Given that Boralex Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Boralex for similar time interval.
|Correlation Coefficient|| -0.94|
|Spearman Rank Test|| -0.75|
|Price Variance|| 0.02|
|Lagged Price Variance|| 0.09|
Boralex Lagged Returns