Boa Concept's market value is the price at which a share of Boa Concept trades on a public exchange. It measures the collective expectations of Boa Concept SA investors about its performance. Boa Concept is selling at 17.00 as of the 15th of December 2024; that is 0.58% down since the beginning of the trading day. The stock's last reported lowest price was 17.0. With this module, you can estimate the performance of a buy and hold strategy of Boa Concept SA and determine expected loss or profit from investing in Boa Concept over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Boa
Boa Concept '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 Boa Concept'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 Boa Concept.
0.00
11/15/2024
No Change 0.00
0.0
In 31 days
12/15/2024
0.00
If you would invest 0.00 in Boa Concept on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Boa Concept SA or generate 0.0% return on investment in Boa Concept over 30 days.
Boa Concept 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 Boa Concept'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 Boa Concept SA upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boa Concept's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boa Concept's standard deviation. In reality, there are many statistical measures that can use Boa Concept historical prices to predict the future Boa Concept's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Boa Concept. Your research has to be compared to or analyzed against Boa Concept's peers to derive any actionable benefits. When done correctly, Boa Concept's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Boa Concept SA.
Boa Concept SA Backtested Returns
Currently, Boa Concept SA is not too volatile. Boa Concept SA secures Sharpe Ratio (or Efficiency) of 0.0075, which signifies that the company had a 0.0075% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Boa Concept SA, which you can use to evaluate the volatility of the firm. Please confirm Boa Concept's risk adjusted performance of 0.0128, and Mean Deviation of 0.8749 to double-check if the risk estimate we provide is consistent with the expected return of 0.0115%. The firm shows a Beta (market volatility) of -0.043, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Boa Concept are expected to decrease at a much lower rate. During the bear market, Boa Concept is likely to outperform the market. Boa Concept SA right now shows a risk of 1.53%. Please confirm Boa Concept SA sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to decide if Boa Concept SA will be following its price patterns.
Correlation Coefficient
0.0
Spearman Rank Test
0.36
Residual Average
0.0
Price Variance
0.01
Boa Concept SA lagged returns against current returns
Autocorrelation, which is Boa Concept 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 Boa Concept's stock expected returns. We can calculate the autocorrelation of Boa Concept returns to help us make a trade decision. For example, suppose you find that Boa Concept 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
Boa Concept 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 Boa Concept stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boa Concept stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boa Concept stock over time.
Current vs Lagged Prices
Timeline
Boa Concept Lagged Returns
When evaluating Boa Concept's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boa Concept stock have on its future price. Boa Concept 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, Boa Concept autocorrelation shows the relationship between Boa Concept stock current value and its past values and can show if there is a momentum factor associated with investing in Boa Concept SA.
Regressed Prices
Timeline
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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.
When running Boa Concept's price analysis, check to measure Boa Concept's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boa Concept is operating at the current time. Most of Boa Concept's value examination focuses on studying past and present price action to predict the probability of Boa Concept's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boa Concept's price. Additionally, you may evaluate how the addition of Boa Concept to your portfolios can decrease your overall portfolio volatility.