Broadwind (Germany) Market Value
| 9IRA Stock | EUR 1.61 0.05 3.01% |
| Symbol | Broadwind |
Broadwind '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 Broadwind'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 Broadwind.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Broadwind on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Broadwind or generate 0.0% return on investment in Broadwind over 30 days. Broadwind is related to or competes with Transport International, Fukuyama Transporting, BOSTON BEER, KAUFMAN ET, Thai Beverage, TITANIUM TRANSPORTGROUP, and G-III Apparel. Broadwind, Inc. manufactures and sells structures, equipment, and components for clean tech and other specialized applic... More
Broadwind 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 Broadwind'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 Broadwind upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 23.58 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 5.06 |
Broadwind Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Broadwind's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Broadwind's standard deviation. In reality, there are many statistical measures that can use Broadwind historical prices to predict the future Broadwind's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.15) |
Broadwind Backtested Returns
Broadwind secures Sharpe Ratio (or Efficiency) of -0.05, which signifies that the company had a -0.05% return per unit of risk over the last 3 months. Broadwind exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Broadwind's Standard Deviation of 3.68, risk adjusted performance of (0.03), and Mean Deviation of 2.51 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.28, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Broadwind will likely underperform. At this point, Broadwind has a negative expected return of -0.18%. Please make sure to confirm Broadwind's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Broadwind performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Broadwind has good reverse predictability. Overlapping area represents the amount of predictability between Broadwind time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Broadwind price movement. The serial correlation of -0.54 indicates that about 54.0% of current Broadwind price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Broadwind lagged returns against current returns
Autocorrelation, which is Broadwind 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 Broadwind's stock expected returns. We can calculate the autocorrelation of Broadwind returns to help us make a trade decision. For example, suppose you find that Broadwind 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 |
Broadwind 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 Broadwind stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Broadwind stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Broadwind stock over time.
Current vs Lagged Prices |
| Timeline |
Broadwind Lagged Returns
When evaluating Broadwind's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Broadwind stock have on its future price. Broadwind 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, Broadwind autocorrelation shows the relationship between Broadwind stock current value and its past values and can show if there is a momentum factor associated with investing in Broadwind.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Broadwind Stock
Broadwind financial ratios help investors to determine whether Broadwind 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 Broadwind with respect to the benefits of owning Broadwind security.