Boralex Stock Market Value
| BRLXF Stock | USD 21.02 0.41 1.91% |
| Symbol | Boralex |
Boralex '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 Boralex's pink sheet 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 Boralex.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Boralex on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Boralex or generate 0.0% return on investment in Boralex over 240 days. Boralex is related to or competes with Enlight Renewable, Renew Energy, Clearway Energy, Excelerate Energy, Ellomay Capital, Altus Power, and Ormat Technologies. Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energ... More
Boralex 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 Boralex's pink sheet 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 Boralex upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 27.45 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 3.1 |
Boralex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boralex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boralex's standard deviation. In reality, there are many statistical measures that can use Boralex historical prices to predict the future Boralex's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | 0.639 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Boralex's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Boralex Backtested Returns
Boralex secures Sharpe Ratio (or Efficiency) of -0.043, which signifies that the company had a -0.043% return per unit of risk over the last 3 months. Boralex exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Boralex's Standard Deviation of 3.92, mean deviation of 1.42, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Boralex are expected to decrease at a much lower rate. During the bear market, Boralex is likely to outperform the market. At this point, Boralex has a negative expected return of -0.17%. Please make sure to confirm Boralex's information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if Boralex performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Boralex has insignificant predictability. Overlapping area represents the amount of predictability between Boralex time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 Boralex price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Boralex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
Boralex lagged returns against current returns
Autocorrelation, which is Boralex pink sheet'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 Boralex's pink sheet expected returns. We can calculate the autocorrelation of Boralex returns to help us make a trade decision. For example, suppose you find that Boralex has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Boralex 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 Boralex pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boralex pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boralex pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Boralex Lagged Returns
When evaluating Boralex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boralex pink sheet have on its future price. Boralex 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, Boralex autocorrelation shows the relationship between Boralex pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Boralex.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Boralex Pink Sheet
Boralex financial ratios help investors to determine whether Boralex Pink Sheet 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 Boralex with respect to the benefits of owning Boralex security.