Boise Cascade (Germany) Market Value
| BC0 Stock | EUR 117.55 3.65 3.01% |
| Symbol | Boise |
Boise Cascade '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 Boise Cascade'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 Boise Cascade.
| 12/29/2023 |
| 12/23/2024 |
If you would invest 0.00 in Boise Cascade on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Boise Cascade or generate 0.0% return on investment in Boise Cascade over 360 days. Boise Cascade is related to or competes with Svenska Cellulosa, SVENSKA CELLULO, Svenska Cellulosa, Wells Fargo, UFP Industries, Rayonier, and Boise Cascade. Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada More
Boise Cascade 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 Boise Cascade'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 Boise Cascade upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.43 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 3.42 |
Boise Cascade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boise Cascade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boise Cascade's standard deviation. In reality, there are many statistical measures that can use Boise Cascade historical prices to predict the future Boise Cascade's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.14) |
Boise Cascade Backtested Returns
Boise Cascade secures Sharpe Ratio (or Efficiency) of -0.0389, which signifies that the company had a -0.0389% return per unit of risk over the last 3 months. Boise Cascade exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Boise Cascade's Risk Adjusted Performance of (0.03), standard deviation of 2.23, and Mean Deviation of 1.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Boise Cascade's returns are expected to increase less than the market. However, during the bear market, the loss of holding Boise Cascade is expected to be smaller as well. At this point, Boise Cascade has a negative expected return of -0.0866%. Please make sure to confirm Boise Cascade's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Boise Cascade performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Boise Cascade has weak predictability. Overlapping area represents the amount of predictability between Boise Cascade time series from 29th of December 2023 to 26th of June 2024 and 26th of June 2024 to 23rd of December 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 Boise Cascade price movement. The serial correlation of 0.2 indicates that over 20.0% of current Boise Cascade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 113.15 |
Boise Cascade lagged returns against current returns
Autocorrelation, which is Boise Cascade 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 Boise Cascade's stock expected returns. We can calculate the autocorrelation of Boise Cascade returns to help us make a trade decision. For example, suppose you find that Boise Cascade 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 |
Boise Cascade 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 Boise Cascade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boise Cascade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boise Cascade stock over time.
Current vs Lagged Prices |
| Timeline |
Boise Cascade Lagged Returns
When evaluating Boise Cascade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boise Cascade stock have on its future price. Boise Cascade 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, Boise Cascade autocorrelation shows the relationship between Boise Cascade stock current value and its past values and can show if there is a momentum factor associated with investing in Boise Cascade.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Boise Stock
Boise Cascade financial ratios help investors to determine whether Boise 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 Boise with respect to the benefits of owning Boise Cascade security.