Boreo Oyj (Finland) Market Value
| BOREO Stock | EUR 11.40 0.05 0.44% |
| Symbol | Boreo |
Boreo Oyj '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 Boreo Oyj'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 Boreo Oyj.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Boreo Oyj on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Boreo Oyj or generate 0.0% return on investment in Boreo Oyj over 390 days. Boreo Oyj is related to or competes with Harvia Oyj, Tecnotree Oyj, Qt Group, Kamux Suomi, and Marimekko Oyj. Boreo Oyj imports and sells electronic components and tools to Finland, Russia, and the Baltics More
Boreo Oyj 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 Boreo Oyj'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 Boreo Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 8.75 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 1.98 |
Boreo Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boreo Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boreo Oyj's standard deviation. In reality, there are many statistical measures that can use Boreo Oyj historical prices to predict the future Boreo Oyj's volatility.| Risk Adjusted Performance | (0.25) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 2.52 |
Boreo Oyj Backtested Returns
Boreo Oyj secures Sharpe Ratio (or Efficiency) of -0.33, which signifies that the company had a -0.33% return per unit of risk over the last 3 months. Boreo Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Boreo Oyj's Standard Deviation of 1.66, mean deviation of 1.31, and Risk Adjusted Performance of (0.25) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Boreo Oyj are expected to decrease at a much lower rate. During the bear market, Boreo Oyj is likely to outperform the market. At this point, Boreo Oyj has a negative expected return of -0.55%. Please make sure to confirm Boreo Oyj's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Boreo Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Boreo Oyj has good predictability. Overlapping area represents the amount of predictability between Boreo Oyj time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Boreo Oyj price movement. The serial correlation of 0.67 indicates that around 67.0% of current Boreo Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 5.23 |
Boreo Oyj lagged returns against current returns
Autocorrelation, which is Boreo Oyj 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 Boreo Oyj's stock expected returns. We can calculate the autocorrelation of Boreo Oyj returns to help us make a trade decision. For example, suppose you find that Boreo Oyj 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 |
Boreo Oyj 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 Boreo Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boreo Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boreo Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Boreo Oyj Lagged Returns
When evaluating Boreo Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boreo Oyj stock have on its future price. Boreo Oyj 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, Boreo Oyj autocorrelation shows the relationship between Boreo Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Boreo Oyj.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Boreo Stock
Boreo Oyj financial ratios help investors to determine whether Boreo 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 Boreo with respect to the benefits of owning Boreo Oyj security.