Boralex Inc Backtesting

BRLXF -- USA Stock  

USD 16.78  0.00  0.00%

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

Boralex Inc 'What if' Analysis

July 19, 2019
No Change 0.00  0.0 
In 3 months and 1 day
October 17, 2019
If you would invest  0.00  in Boralex Inc on July 19, 2019 and sell it all today you would earn a total of 0.00 from holding Boralex Inc Cl A or generate 0.0% return on investment in Boralex Inc over 90 days. Boralex Inc is related to or competes with NRG Energy, NORTHLAND POWER, China Res, Huaneng Power, Algonquin Power, RUSHYDRO FED, and POWER ASSETS. Boralex Inc., together with its subsidiaries, develops, constructs, and operates renewable energy power facilities prima...

Boralex Inc Upside/Downside Indicators

Information Ratio0.1793
Maximum Drawdown6.19
Value At Risk(0.13)
Potential Upside1.19

Boralex Inc Market Premium Indicators

Risk Adjusted Performance0.1662
Jensen Alpha0.1433
Total Risk Alpha0.1565
Treynor Ratio1.57

Boralex Cl A Backtested Returns

We consider Boralex Inc not too volatile. Boralex Cl A secures Sharpe Ratio (or Efficiency) of 0.1748 which signifies that the organization had 0.1748% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Boralex Inc Cl A which you can use to evaluate future volatility of the firm. Please confirm Boralex Cl A Risk Adjusted Performance of 0.1662 and Mean Deviation of 0.3779 to double-check if risk estimate we provide are consistent with the epected return of 0.1564%. Boralex Inc has performance score of 11 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0904 which signifies that as returns on market increase, Boralex Inc returns are expected to increase less than the market. However during bear market, the loss on holding Boralex Inc will be expected to be smaller as well. Although it is extremely important to respect Boralex Cl A historical returns, it is better to be realistic regarding the information on 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 Cl A technical indicators you can presently evaluate if the expected return of 0.1564% will be sustainable into the future. Boralex Cl A right now shows a risk of 0.8951%. Please confirm Boralex Cl A Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Boralex Cl A will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.17 
correlation synergy

Very weak predictability

Boralex Inc Cl A has very weak predictability. Overlapping area represents the amount of predictability between Boralex Inc time series from July 19, 2019 to September 2, 2019 and September 2, 2019 to October 17, 2019. 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 Cl A price movement. The serial correlation of 0.17 indicates that over 17.0% of current Boralex Inc price fluctuation can be explain by its past prices.
Correlation Coefficient0.17
Spearman Rank Test0.07
Residual Average0.0
Price Variance0.16

Boralex Cl A lagged returns against current returns

 Current and Lagged Values 

Boralex Inc regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Boralex Inc Lagged Returns

 Regressed Prices 

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Boralex Inc Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Boralex Inc and NRG Energy. 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
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Check also Boralex Inc Hype Analysis, Boralex Inc Correlation, Boralex Inc Valuation, Boralex Inc Volatility as well as analyze Boralex Inc Alpha and Beta and Boralex Inc Performance. Please also try Portfolio Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.