BROADWIND ENRGY (Germany) Market Value
| 9IRA Stock | 1.68 0.05 3.07% |
| Symbol | BROADWIND |
BROADWIND ENRGY '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 ENRGY'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 ENRGY.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in BROADWIND ENRGY on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding BROADWIND ENRGY or generate 0.0% return on investment in BROADWIND ENRGY over 30 days. BROADWIND ENRGY is related to or competes with SIVERS SEMICONDUCTORS, Darden Restaurants, Reliance Steel, Q2M Managementberatu, Hyster-Yale Materials, Hastings Technology, and Meli Hotels. More
BROADWIND ENRGY 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 ENRGY'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 ENRGY upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 21.24 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 4.32 |
BROADWIND ENRGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BROADWIND ENRGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BROADWIND ENRGY's standard deviation. In reality, there are many statistical measures that can use BROADWIND ENRGY historical prices to predict the future BROADWIND ENRGY's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.80) | |||
| Treynor Ratio | 0.2448 |
BROADWIND ENRGY Backtested Returns
BROADWIND ENRGY secures Sharpe Ratio (or Efficiency) of -0.0419, which signifies that the company had a -0.0419% return per unit of risk over the last 3 months. BROADWIND ENRGY exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BROADWIND ENRGY's risk adjusted performance of (0.03), and Mean Deviation of 2.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.83, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BROADWIND ENRGY are expected to decrease at a much lower rate. During the bear market, BROADWIND ENRGY is likely to outperform the market. At this point, BROADWIND ENRGY has a negative expected return of -0.15%. Please make sure to confirm BROADWIND ENRGY's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if BROADWIND ENRGY performance from the past will be repeated at future time.
Auto-correlation | -0.6 |
Good reverse predictability
BROADWIND ENRGY has good reverse predictability. Overlapping area represents the amount of predictability between BROADWIND ENRGY 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 BROADWIND ENRGY price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current BROADWIND ENRGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
BROADWIND ENRGY lagged returns against current returns
Autocorrelation, which is BROADWIND ENRGY 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 ENRGY's stock expected returns. We can calculate the autocorrelation of BROADWIND ENRGY returns to help us make a trade decision. For example, suppose you find that BROADWIND ENRGY 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 |
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BROADWIND ENRGY 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 ENRGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BROADWIND ENRGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BROADWIND ENRGY stock over time.
Current vs Lagged Prices |
| Timeline |
BROADWIND ENRGY Lagged Returns
When evaluating BROADWIND ENRGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BROADWIND ENRGY stock have on its future price. BROADWIND ENRGY 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 ENRGY autocorrelation shows the relationship between BROADWIND ENRGY stock current value and its past values and can show if there is a momentum factor associated with investing in BROADWIND ENRGY.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for BROADWIND Stock Analysis
When running BROADWIND ENRGY's price analysis, check to measure BROADWIND ENRGY's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BROADWIND ENRGY is operating at the current time. Most of BROADWIND ENRGY's value examination focuses on studying past and present price action to predict the probability of BROADWIND ENRGY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BROADWIND ENRGY's price. Additionally, you may evaluate how the addition of BROADWIND ENRGY to your portfolios can decrease your overall portfolio volatility.