Boralex Backtesting

Boralex Inc -- Canada Stock  

CAD 23.61  0.04  0.17%

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

November 14, 2017
No Change 0.00  0.0%
In 30 days
December 14, 2017
If you would invest  0.00  in Boralex on November 14, 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, North American, and Sherritt International. 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 volatile given 1 month investment horizon. Boralex Inc secures Sharpe Ratio (or Efficiency) of 0.3739 which signifies that Boralex Inc had 0.3739% 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 technical indicators for Boralex Inc which you can use to evaluate future volatility of the firm. Please makes use of Boralex Inc Coefficient Of Variation of 260.96, Risk Adjusted Performance of 0.193 and Mean Deviation of 0.6038 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Boralex holds performance score of 24. The firm shows Beta (market volatility) of -0.0102 which signifies that as returns on market increase, returns on owning Boralex are expected to decrease at a much smaller rate. During bear market, Boralex is likely to outperform the market.. Although it is vital to follow to Boralex Inc historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. 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 0.2766% will be sustainable into the future. Please makes use of Boralex Inc Variance, Maximum Drawdown as well as the relationship between Maximum Drawdown and Semi Variance to make a quick decision on weather Boralex price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.74 

Good predictability

Boralex Inc has good predictability. Overlapping area represents the amount of predictability between Boralex time series from November 14, 2017 to November 29, 2017 and November 29, 2017 to December 14, 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 0.74 indicates that around 74.0% of current Boralex price fluctuation can be explain by its past prices.
Correlation Coefficient 0.74
Spearman Rank Test 0.73
Price Variance 0.03
Lagged Price Variance 0.23

Boralex Lagged Returns

 Regressed Prices 

Boralex Performance vs SPTSX Comp

The median price of Boralex for the period between Tue, Nov 14, 2017 and Thu, Dec 14, 2017 is 23.35 with a coefficient of variation of 2.25. The daily time series for the period is distributed with a sample standard deviation of 0.52, arithmetic mean of 23.13, and mean deviation of 0.42. The Stock received some media coverage during the period.
Price Growth (%)  
Boralex Inc. Ratios and Valuation in Focus12/13/2017