Bonterra Energy Corp Stock Market Value
| BNE Stock | CAD 3.46 0.13 3.90% |
| Symbol | Bonterra |
Bonterra Energy Corp Price To Book Ratio
Bonterra Energy '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 Bonterra Energy'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 Bonterra Energy.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Bonterra Energy on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Bonterra Energy Corp or generate 0.0% return on investment in Bonterra Energy over 540 days. Bonterra Energy is related to or competes with Obsidian Energy, Cardinal Energy, Advantage Oil, and Kelt Exploration. Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, an... More
Bonterra Energy 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 Bonterra Energy'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 Bonterra Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 9.74 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 4.1 |
Bonterra Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bonterra Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bonterra Energy's standard deviation. In reality, there are many statistical measures that can use Bonterra Energy historical prices to predict the future Bonterra Energy's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (3.31) |
Bonterra Energy Corp Backtested Returns
Bonterra Energy Corp secures Sharpe Ratio (or Efficiency) of -0.0993, which signifies that the company had a -0.0993% return per unit of risk over the last 3 months. Bonterra Energy Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bonterra Energy's Mean Deviation of 1.73, risk adjusted performance of (0.1), and Standard Deviation of 2.39 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bonterra Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bonterra Energy is expected to be smaller as well. At this point, Bonterra Energy Corp has a negative expected return of -0.22%. Please make sure to confirm Bonterra Energy's maximum drawdown, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to decide if Bonterra Energy Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Bonterra Energy Corp has average predictability. Overlapping area represents the amount of predictability between Bonterra Energy time series from 9th of June 2023 to 5th of March 2024 and 5th of March 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 Bonterra Energy Corp price movement. The serial correlation of 0.49 indicates that about 49.0% of current Bonterra Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
Bonterra Energy Corp lagged returns against current returns
Autocorrelation, which is Bonterra Energy 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 Bonterra Energy's stock expected returns. We can calculate the autocorrelation of Bonterra Energy returns to help us make a trade decision. For example, suppose you find that Bonterra Energy 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 |
Bonterra Energy 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 Bonterra Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bonterra Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bonterra Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Bonterra Energy Lagged Returns
When evaluating Bonterra Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bonterra Energy stock have on its future price. Bonterra Energy 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, Bonterra Energy autocorrelation shows the relationship between Bonterra Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Bonterra Energy Corp.
Regressed Prices |
| Timeline |
Pair Trading with Bonterra Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bonterra Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bonterra Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Bonterra Stock
| 0.73 | ENS | E Split Corp | PairCorr |
| 0.71 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.64 | ENS-PA | E Split Corp | PairCorr |
| 0.43 | ENB-PFU | Enbridge Pref L | PairCorr |
The ability to find closely correlated positions to Bonterra Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bonterra Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bonterra Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bonterra Energy Corp to buy it.
The correlation of Bonterra Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bonterra Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bonterra Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bonterra Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Bonterra Stock
Bonterra Energy financial ratios help investors to determine whether Bonterra 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 Bonterra with respect to the benefits of owning Bonterra Energy security.