Bourque Indts Stock Market Value
| BORK Stock | USD 0.0001 0.00 0.00% |
| Symbol | Bourque |
Bourque Indts '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 Bourque Indts' 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 Bourque Indts.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Bourque Indts on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Bourque Indts or generate 0.0% return on investment in Bourque Indts over 90 days. Bourque Indts is related to or competes with ATT, Merck, Disney, Caterpillar, Procter Gamble, and JPMorgan Chase. Bourque Industries, Inc. develops carbon nanotube metal matrix composite materials More
Bourque Indts 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 Bourque Indts' 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 Bourque Indts upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0448 | |||
| Maximum Drawdown | 150.0 |
Bourque Indts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bourque Indts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bourque Indts' standard deviation. In reality, there are many statistical measures that can use Bourque Indts historical prices to predict the future Bourque Indts' volatility.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | 1.14 | |||
| Total Risk Alpha | (1.56) | |||
| Treynor Ratio | (0.24) |
Bourque Indts Backtested Returns
Bourque Indts appears to be out of control, given 3 months investment horizon. Bourque Indts secures Sharpe Ratio (or Efficiency) of 0.0556, which signifies that the company had a 0.0556% return per unit of risk over the last 3 months. By analyzing Bourque Indts' technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of Bourque Indts' Standard Deviation of 13.85, risk adjusted performance of 0.0513, and Mean Deviation of 3.01 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bourque Indts holds a performance score of 4. The firm shows a Beta (market volatility) of -3.06, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Bourque Indts are expected to decrease by larger amounts. On the other hand, during market turmoil, Bourque Indts is expected to outperform it. Please check Bourque Indts' jensen alpha and day median price , to make a quick decision on whether Bourque Indts' price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Bourque Indts has no correlation between past and present. Overlapping area represents the amount of predictability between Bourque Indts time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Bourque Indts price movement. The serial correlation of 0.0 indicates that just 0.0% of current Bourque Indts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bourque Indts lagged returns against current returns
Autocorrelation, which is Bourque Indts 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 Bourque Indts' pink sheet expected returns. We can calculate the autocorrelation of Bourque Indts returns to help us make a trade decision. For example, suppose you find that Bourque Indts 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 |
Bourque Indts 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 Bourque Indts pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bourque Indts pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bourque Indts pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bourque Indts Lagged Returns
When evaluating Bourque Indts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bourque Indts pink sheet have on its future price. Bourque Indts 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, Bourque Indts autocorrelation shows the relationship between Bourque Indts pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bourque Indts.
Regressed Prices |
| Timeline |
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Bourque Indts financial ratios help investors to determine whether Bourque 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 Bourque with respect to the benefits of owning Bourque Indts security.