Boralex Backtesting

BLX -- Canada Stock  

CAD 21.48  0.54  2.58%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Boralex 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

May 22, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 21, 2018
0.00
If you would invest  0.00  in Boralex on May 22, 2018 and sell it all today you would earn a total of 0.00 from holding Boralex or generate 0.0% return on investment in Boralex over 30 days. Boralex is related to or competes with Parex Resources, China Gold, Lucara Diamond, Continental Gold, North American, and LITHIUM AMERICAS. Boralex Inc., together with its subsidiaries, develops, constructs, and operates renewable energy power facilities prima...

Boralex Upside/Downside Indicators

  

Boralex Market Premium Indicators

Boralex Backtested Returns

Macroaxis considers Boralex to be not too volatile. Boralex secures Sharpe Ratio (or Efficiency) of -0.028 which signifies that Boralex had -0.028% 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 exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Boralex 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 0.0 which signifies that the returns on MARKET and Boralex are completely uncorrelated. Even though it is essential to pay attention to Boralex 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 exposes twenty-one different technical indicators which can help you to evaluate its performance. Boralex has expected return of -0.0306%. Please be advised to confirm Boralex Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if Boralex past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.53) 

Good reverse predictability

Boralex has good reverse predictability. Overlapping area represents the amount of predictability between Boralex time series from May 22, 2018 to June 6, 2018 and June 6, 2018 to June 21, 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 price movement. The serial correlation of -0.53 indicates that about 53.0% of current Boralex price fluctuation can be explain by its past prices. Given that Boralex 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 -0.53
Spearman Rank Test -0.44
Price Variance 0.09
Lagged Price Variance 0.06

Boralex lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Boralex regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Boralex Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - BLX

Boralex Investor Sentiment
Most of Macroaxis users are currently bullish on Boralex. What is your opinion about investing in Boralex? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Boralex and Parex Resources. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also Boralex Hype Analysis, Boralex Correlation, Boralex Valuation, Boralex Volatility as well as analyze Boralex Alpha and Beta and Boralex Performance. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.