Boralex Inc Backtesting

BRLXF -- USA Stock  

USD 18.07  1.54  9.32%

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

August 23, 2019
No Change 0.00  0.0 
In 2 months and 31 days
November 21, 2019
If you would invest  0.00  in Boralex Inc on August 23, 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 Amazon Com, Apple, JP Morgan, Alphabet, Visa, Facebook, and VEDANTA. Boralex Inc., together with its subsidiaries, develops, constructs, and operates renewable energy power facilities prima...

Boralex Inc Upside/Downside Indicators

Information Ratio0.1098
Maximum Drawdown9.32
Potential Upside2.15

Boralex Inc Market Premium Indicators

Risk Adjusted Performance0.1354
Jensen Alpha0.2527
Total Risk Alpha0.0581
Treynor Ratio3.49

Boralex Cl A Backtested Returns

Macroaxis considers Boralex Inc not too volatile given 3 months investment horizon. Boralex Cl A secures Sharpe Ratio (or Efficiency) of 0.1659 which signifies that the organization had 0.1659% 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 makes use of Boralex Cl A Mean Deviation of 0.6447 and Risk Adjusted Performance of 0.1354 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Boralex Inc holds performance score of 11. The firm shows Beta (market volatility) of 0.0745 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 0.2482% will be sustainable into the future. Please makes use of Boralex Cl A Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to make a quick decision on weather Boralex Inc price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.20) 
correlation synergy

Insignificant reverse predictability

Boralex Inc Cl A has insignificant reverse predictability. Overlapping area represents the amount of predictability between Boralex Inc time series from August 23, 2019 to October 7, 2019 and October 7, 2019 to November 21, 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 -0.2 indicates that over 20.0% of current Boralex Inc price fluctuation can be explain by its past prices. Given that Boralex Inc Cl A has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Boralex Inc for similar time interval.
Correlation Coefficient-0.2
Spearman Rank Test-0.44
Residual Average0.0
Price Variance0.08

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 

Current Sentiment - BRLXF

Boralex Cl A Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in Boralex Inc Cl A. What is your opinion about investing in Boralex Inc Cl A? Are you bullish or bearish?
50% Bullish
50% Bearish

Boralex Inc Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Boralex Inc and Amazon Com. 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 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.