Boston Pizza Royalties Stock Market Value
| BPF-UN Stock | CAD 17.31 0.16 0.92% |
| Symbol | Boston |
Boston Pizza Royalties Price To Book Ratio
Boston Pizza '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 Boston Pizza'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 Boston Pizza.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Boston Pizza on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Boston Pizza Royalties or generate 0.0% return on investment in Boston Pizza over 30 days. Boston Pizza is related to or competes with Apple, Berkshire Hathaway, Microsoft Corp, Alphabet, JPMorgan Chase, Amazon CDR, and NVIDIA CDR. Boston Pizza Royalties Income Fund operates as a limited purpose open-ended trust More
Boston Pizza 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 Boston Pizza'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 Boston Pizza Royalties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8115 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.44 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.08 |
Boston Pizza Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boston Pizza's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boston Pizza's standard deviation. In reality, there are many statistical measures that can use Boston Pizza historical prices to predict the future Boston Pizza's volatility.| Risk Adjusted Performance | 0.0626 | |||
| Jensen Alpha | 0.0226 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.2097 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Boston Pizza'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.
Boston Pizza Royalties Backtested Returns
At this point, Boston Pizza is very steady. Boston Pizza Royalties secures Sharpe Ratio (or Efficiency) of 0.0721, which signifies that the company had a 0.0721% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Boston Pizza Royalties, which you can use to evaluate the volatility of the firm. Please confirm Boston Pizza's Mean Deviation of 0.5758, risk adjusted performance of 0.0626, and Downside Deviation of 0.8115 to double-check if the risk estimate we provide is consistent with the expected return of 0.055%. Boston Pizza has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Boston Pizza's returns are expected to increase less than the market. However, during the bear market, the loss of holding Boston Pizza is expected to be smaller as well. Boston Pizza Royalties right now shows a risk of 0.76%. Please confirm Boston Pizza Royalties semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Boston Pizza Royalties will be following its price patterns.
Auto-correlation | 0.03 |
Virtually no predictability
Boston Pizza Royalties has virtually no predictability. Overlapping area represents the amount of predictability between Boston Pizza time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Boston Pizza Royalties price movement. The serial correlation of 0.03 indicates that only 3.0% of current Boston Pizza price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Boston Pizza Royalties lagged returns against current returns
Autocorrelation, which is Boston Pizza 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 Boston Pizza's stock expected returns. We can calculate the autocorrelation of Boston Pizza returns to help us make a trade decision. For example, suppose you find that Boston Pizza 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 |
Boston Pizza 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 Boston Pizza stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boston Pizza stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boston Pizza stock over time.
Current vs Lagged Prices |
| Timeline |
Boston Pizza Lagged Returns
When evaluating Boston Pizza's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boston Pizza stock have on its future price. Boston Pizza 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, Boston Pizza autocorrelation shows the relationship between Boston Pizza stock current value and its past values and can show if there is a momentum factor associated with investing in Boston Pizza Royalties.
Regressed Prices |
| Timeline |
Pair Trading with Boston Pizza
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 Boston Pizza 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 Boston Pizza will appreciate offsetting losses from the drop in the long position's value.Moving together with Boston Stock
Moving against Boston Stock
The ability to find closely correlated positions to Boston Pizza could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boston Pizza 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 Boston Pizza - 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 Boston Pizza Royalties to buy it.
The correlation of Boston Pizza 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 Boston Pizza moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boston Pizza Royalties 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 Boston Pizza 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 Boston Stock
Boston Pizza financial ratios help investors to determine whether Boston 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 Boston with respect to the benefits of owning Boston Pizza security.