BORGWARNER INC 4375 Market Value
| 099724AH9 | 80.57 1.51 1.84% |
| Symbol | BORGWARNER |
BORGWARNER '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 BORGWARNER's bond 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 BORGWARNER.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in BORGWARNER on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding BORGWARNER INC 4375 or generate 0.0% return on investment in BORGWARNER over 600 days. BORGWARNER is related to or competes with Taiwan Semiconductor, Femasys, Microchip Technology, Nordic Semiconductor, Skechers USA, and Everspin Technologies. More
BORGWARNER 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 BORGWARNER's bond 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 BORGWARNER INC 4375 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.81 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.7 |
BORGWARNER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BORGWARNER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BORGWARNER's standard deviation. In reality, there are many statistical measures that can use BORGWARNER historical prices to predict the future BORGWARNER's volatility.| Risk Adjusted Performance | 0.0236 | |||
| Jensen Alpha | 0.033 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.5618 |
BORGWARNER INC 4375 Backtested Returns
BORGWARNER INC 4375 secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the bond had a -0.15% return per unit of risk over the last 3 months. BORGWARNER INC 4375 exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BORGWARNER's risk adjusted performance of 0.0236, and Mean Deviation of 1.08 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0713, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BORGWARNER's returns are expected to increase less than the market. However, during the bear market, the loss of holding BORGWARNER is expected to be smaller as well.
Auto-correlation | 0.07 |
Virtually no predictability
BORGWARNER INC 4375 has virtually no predictability. Overlapping area represents the amount of predictability between BORGWARNER time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 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 BORGWARNER INC 4375 price movement. The serial correlation of 0.07 indicates that barely 7.0% of current BORGWARNER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.9 |
BORGWARNER INC 4375 lagged returns against current returns
Autocorrelation, which is BORGWARNER bond'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 BORGWARNER's bond expected returns. We can calculate the autocorrelation of BORGWARNER returns to help us make a trade decision. For example, suppose you find that BORGWARNER has exhibited high autocorrelation historically, and you observe that the bond 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 |
BORGWARNER 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 BORGWARNER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BORGWARNER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BORGWARNER bond over time.
Current vs Lagged Prices |
| Timeline |
BORGWARNER Lagged Returns
When evaluating BORGWARNER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BORGWARNER bond have on its future price. BORGWARNER 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, BORGWARNER autocorrelation shows the relationship between BORGWARNER bond current value and its past values and can show if there is a momentum factor associated with investing in BORGWARNER INC 4375.
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 BORGWARNER Bond
BORGWARNER financial ratios help investors to determine whether BORGWARNER Bond 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 BORGWARNER with respect to the benefits of owning BORGWARNER security.