Boat Rocker Media Stock Market Value
| BRMI Stock | CAD 0.69 0.04 6.15% |
| Symbol | Boat |
Boat Rocker Media Price To Book Ratio
Boat Rocker '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 Boat Rocker'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 Boat Rocker.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Boat Rocker on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Boat Rocker Media or generate 0.0% return on investment in Boat Rocker over 30 days. Boat Rocker is related to or competes with Alphabet, Microsoft Corp, NVIDIA CDR, and BOEING CDR. Boat Rocker Media Inc., an entertainment company, creates, produces, and distributes television and film content in Cana... More
Boat Rocker 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 Boat Rocker'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 Boat Rocker Media upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 30.87 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 6.15 |
Boat Rocker Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boat Rocker's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boat Rocker's standard deviation. In reality, there are many statistical measures that can use Boat Rocker historical prices to predict the future Boat Rocker's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | (0.98) |
Boat Rocker Media Backtested Returns
Boat Rocker Media secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of standard deviation over the last 3 months. Boat Rocker Media exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Boat Rocker's mean deviation of 2.17, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Boat Rocker's returns are expected to increase less than the market. However, during the bear market, the loss of holding Boat Rocker is expected to be smaller as well. At this point, Boat Rocker Media has a negative expected return of -0.45%. Please make sure to confirm Boat Rocker's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Boat Rocker Media performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Boat Rocker Media has below average predictability. Overlapping area represents the amount of predictability between Boat Rocker time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Boat Rocker Media price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Boat Rocker price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Boat Rocker Media lagged returns against current returns
Autocorrelation, which is Boat Rocker 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 Boat Rocker's stock expected returns. We can calculate the autocorrelation of Boat Rocker returns to help us make a trade decision. For example, suppose you find that Boat Rocker 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 |
Boat Rocker 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 Boat Rocker stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boat Rocker stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boat Rocker stock over time.
Current vs Lagged Prices |
| Timeline |
Boat Rocker Lagged Returns
When evaluating Boat Rocker's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boat Rocker stock have on its future price. Boat Rocker 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, Boat Rocker autocorrelation shows the relationship between Boat Rocker stock current value and its past values and can show if there is a momentum factor associated with investing in Boat Rocker Media.
Regressed Prices |
| Timeline |
Pair Trading with Boat Rocker
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 Boat Rocker 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 Boat Rocker will appreciate offsetting losses from the drop in the long position's value.Moving together with Boat Stock
Moving against Boat Stock
The ability to find closely correlated positions to Boat Rocker could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boat Rocker 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 Boat Rocker - 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 Boat Rocker Media to buy it.
The correlation of Boat Rocker 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 Boat Rocker moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boat Rocker Media 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 Boat Rocker 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 Boat Stock
Boat Rocker financial ratios help investors to determine whether Boat 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 Boat with respect to the benefits of owning Boat Rocker security.