Boralex Backtesting

Boralex Inc -- Canada Stock  

CAD 22.26  0.08  0.36%

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
Investment Horizon     30 Days    Login   to change

Boralex 'What if' Analysis

September 19, 2017
No Change 0.00  0.0%
In 31 days
October 19, 2017
If you would invest  0.00  in Boralex on September 19, 2017 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 Parex Resources, Lucara Diamond, China Gold, Taseko Mines, and Continental Gold. As at December 31, 2015, Boralex Inc had interests in 45 wind power stations with an installed capacity of 874 megawatts...

Boralex Upside/Downside Indicators


Boralex Market Premium Indicators

Boralex Inc lagged returns against current returns

 Current and Lagged Values 

Boralex regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Boralex Inc Backtested Returns

Macroaxis considers Boralex not too risky given 1 month investment horizon. Boralex Inc secures Sharpe Ratio (or Efficiency) of 0.3716 which signifies that Boralex Inc had 0.3716% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Boralex Inc which you can use to evaluate future volatility of the firm. Please makes use of Boralex Inc Risk Adjusted Performance of 0.0797 and Mean Deviation of 0.3585 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Boralex holds performance score of 25. The firm shows Beta (market volatility) of 0.336 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.. Although it is extremely important to respect Boralex Inc historical returns, it is better to be realistic regarding the information on equity current trending patternss. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Boralex Inc technical indicators you can presently evaluate if the expected return of 0.202% will be sustainable into the future. Please makes use of Boralex Inc Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to make a quick decision on weather Boralex price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.54 

Modest predictability

Boralex Inc has modest predictability. Overlapping area represents the amount of predictability between Boralex time series from September 19, 2017 to October 4, 2017 and October 4, 2017 to October 19, 2017. 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 0.54 indicates that about 54.0% of current Boralex price fluctuation can be explain by its past prices.
Correlation Coefficient 0.54
Spearman Rank Test 0.31
Price Variance 0.04
Lagged Price Variance 0.01

Boralex Lagged Returns

 Regressed Prices 

Boralex Performance vs SPTSX Comp

The median price of Boralex for the period between Tue, Sep 19, 2017 and Thu, Oct 19, 2017 is 21.58 with a coefficient of variation of 1.57. The daily time series for the period is distributed with a sample standard deviation of 0.34, arithmetic mean of 21.74, and mean deviation of 0.31. The Stock received some media coverage during the period.
Price Growth (%)  
REPEAT -- Boralex and Infinergy announce joint venture for 3...10/17/2017