Boiron SA (Germany) Market Value
| BON Stock | EUR 28.00 1.70 6.46% |
| Symbol | Boiron |
Boiron SA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Boiron SA's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Boiron SA.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Boiron SA on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Boiron SA or generate 0.0% return on investment in Boiron SA over 30 days. Boiron SA is related to or competes with AbbVie, Pfizer, AstraZeneca PLC, Superior Plus, NMI Holdings, Origin Agritech, and SIVERS SEMICONDUCTORS. Boiron SA manufactures and sells homeopathic medicines in France, rest of Europe, North America, and internationally More
Boiron SA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Boiron SA's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Boiron SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 8.64 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 2.14 |
Boiron SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boiron SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boiron SA's standard deviation. In reality, there are many statistical measures that can use Boiron SA historical prices to predict the future Boiron SA's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 1.32 |
Boiron SA Backtested Returns
Boiron SA secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Boiron SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Boiron SA's Mean Deviation of 1.19, standard deviation of 1.77, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Boiron SA are expected to decrease at a much lower rate. During the bear market, Boiron SA is likely to outperform the market. At this point, Boiron SA has a negative expected return of -0.22%. Please make sure to confirm Boiron SA's jensen alpha, value at risk, accumulation distribution, as well as the relationship between the treynor ratio and skewness , to decide if Boiron SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Boiron SA has good predictability. Overlapping area represents the amount of predictability between Boiron SA time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Boiron SA price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Boiron SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 2.08 |
Boiron SA lagged returns against current returns
Autocorrelation, which is Boiron SA stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Boiron SA's stock expected returns. We can calculate the autocorrelation of Boiron SA returns to help us make a trade decision. For example, suppose you find that Boiron SA has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Boiron SA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Boiron SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boiron SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boiron SA stock over time.
Current vs Lagged Prices |
| Timeline |
Boiron SA Lagged Returns
When evaluating Boiron SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boiron SA stock have on its future price. Boiron SA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Boiron SA autocorrelation shows the relationship between Boiron SA stock current value and its past values and can show if there is a momentum factor associated with investing in Boiron SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Boiron Stock
Boiron SA financial ratios help investors to determine whether Boiron Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Boiron with respect to the benefits of owning Boiron SA security.