Boralex Backtesting

Boralex Inc -- Canada Stock  

CAD 23.18  0.26  1.11%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Boralex Inc and determine expected loss or profit from investing in Boralex over given investment horizon. Check also Boralex Hype Analysis, Boralex Correlation, Boralex Valuation, Boralex Volatility as well as analyze Boralex Alpha and Beta and Boralex Performance
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Boralex 'What if' Analysis

January 25, 2018
0.00
No Change 0.00  0.0%
In 31 days
February 24, 2018
0.00
If you would invest  0.00  in Boralex on January 25, 2018 and sell it all today you would earn a total of 0.00 from holding Boralex Inc or generate 0.0% return on investment in Boralex over 30 days. Boralex is related to or competes with China Gold, Lucara Diamond, Continental Gold, North American, and Taseko Mines. Boralex Inc., together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States.

Boralex Upside/Downside Indicators

  

Boralex Market Premium Indicators

Boralex Inc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Boralex regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

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.
Advice Volatility Trend Exposure Correlations
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

 Regressed Prices 
      Timeline 

Boralex Performance vs SPTSX Comp

The median price of Boralex for the period between Thu, Jan 25, 2018 and Sat, Feb 24, 2018 is 23.44000053 with a coefficient of variation of 2.76. The daily time series for the period is distributed with a sample standard deviation of 0.65, arithmetic mean of 23.55, and mean deviation of 0.52. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
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What Propelling BORALEX INC CL C ORDINARY SHARES After Lower...02/23/2018