Boe Varitronix Limited Stock Market Value
| VARXF Stock | USD 0.76 0.00 0.00% |
| Symbol | BOE |
BOE Varitronix '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 BOE Varitronix's pink sheet 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 BOE Varitronix.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in BOE Varitronix on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding BOE Varitronix Limited or generate 0.0% return on investment in BOE Varitronix over 30 days. BOE Varitronix is related to or competes with Ouster, Kopin, Vicor, Fabrinet, Neonode, Methode Electronics, and LightPath Technologies. BOE Varitronix Limited, an investment holding company, designs, manufactures, and sells liquid crystal display and relat... More
BOE Varitronix 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 BOE Varitronix's pink sheet 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 BOE Varitronix Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0928 | |||
| Maximum Drawdown | 31.03 | |||
| Potential Upside | 3.57 |
BOE Varitronix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BOE Varitronix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BOE Varitronix's standard deviation. In reality, there are many statistical measures that can use BOE Varitronix historical prices to predict the future BOE Varitronix's volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.45 | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 1.33 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BOE Varitronix'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.
BOE Varitronix Backtested Returns
BOE Varitronix appears to be abnormally volatile, given 3 months investment horizon. BOE Varitronix secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. By examining BOE Varitronix's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of BOE Varitronix's Risk Adjusted Performance of 0.1042, standard deviation of 4.03, and Mean Deviation of 1.26 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BOE Varitronix holds a performance score of 11. The firm shows a Beta (market volatility) of 0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BOE Varitronix's returns are expected to increase less than the market. However, during the bear market, the loss of holding BOE Varitronix is expected to be smaller as well. Please check BOE Varitronix's standard deviation, potential upside, as well as the relationship between the Potential Upside and day typical price , to make a quick decision on whether BOE Varitronix's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
BOE Varitronix Limited has no correlation between past and present. Overlapping area represents the amount of predictability between BOE Varitronix time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 BOE Varitronix price movement. The serial correlation of 0.0 indicates that just 0.0% of current BOE Varitronix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BOE Varitronix lagged returns against current returns
Autocorrelation, which is BOE Varitronix pink sheet'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 BOE Varitronix's pink sheet expected returns. We can calculate the autocorrelation of BOE Varitronix returns to help us make a trade decision. For example, suppose you find that BOE Varitronix has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
BOE Varitronix 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 BOE Varitronix pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BOE Varitronix pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BOE Varitronix pink sheet over time.
Current vs Lagged Prices |
| Timeline |
BOE Varitronix Lagged Returns
When evaluating BOE Varitronix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BOE Varitronix pink sheet have on its future price. BOE Varitronix 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, BOE Varitronix autocorrelation shows the relationship between BOE Varitronix pink sheet current value and its past values and can show if there is a momentum factor associated with investing in BOE Varitronix Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in BOE Pink Sheet
BOE Varitronix financial ratios help investors to determine whether BOE Pink Sheet 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 BOE with respect to the benefits of owning BOE Varitronix security.