Box Backtesting

BOX -- USA Stock  

USD 17.77  0.07  0.40%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Box and determine expected loss or profit from investing in Box over given investment horizon. Check also Box Hype Analysis, Box Correlation, Box Valuation, Box Volatility as well as analyze Box Alpha and Beta and Box Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Box 'What if' Analysis

June 20, 2019
0.00
No Change 0.00  0.0%
In 2 months and 31 days
September 18, 2019
0.00
If you would invest  0.00  in Box on June 20, 2019 and sell it all today you would earn a total of 0.00 from holding Box or generate 0.0% return on investment in Box over 90 days. Box is related to or competes with BlackLine, EVO Payments, Evertec, F5 Networks, Fair Isaac, Five9, and Black Knight. Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage and share t...

Box Upside/Downside Indicators

Downside Deviation2.09
Information Ratio0.003
Maximum Drawdown12.59
Value At Risk(3.65)
Potential Upside2.17

Box Market Premium Indicators

Risk Adjusted Performance0.0252
Jensen Alpha(0.00079675)
Total Risk Alpha(0.041591)
Sortino Ratio0.0032
Treynor Ratio0.031

Box Backtested Returns

Macroaxis considers Box to be somewhat reliable. Box secures Sharpe Ratio (or Efficiency) of -0.0187 which signifies that the organization had -0.0187% of return per unit of risk over the last 3 months. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Box exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Box Mean Deviation of 1.33, Risk Adjusted Performance of 0.0252 and Downside Deviation of 2.09 to double-check risk estimate we provide. The firm shows Beta (market volatility) of 1.2334 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Box will likely underperform. Even though it is essential to pay attention to Box historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Box exposes twenty-one different technical indicators which can help you to evaluate its performance. Box has expected return of -0.0429%. Please be advised to confirm Box Information Ratio and Downside Variance to decide if Box past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.70) 
correlation synergy

Very good reverse predictability

Box has very good reverse predictability. Overlapping area represents the amount of predictability between Box time series from June 20, 2019 to August 4, 2019 and August 4, 2019 to September 18, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Box price movement. The serial correlation of -0.7 indicates that around 70.0% of current Box price fluctuation can be explain by its past prices. Given that Box has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Box for similar time interval.
Correlation Coefficient-0.7
Spearman Rank Test-0.61
Residual Average0.0
Price Variance3.31

Box lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Box regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Box Lagged Returns

 Regressed Prices 
      Timeline 

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Performance Analysis

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Box Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Box and BlackLine. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Check also Box Hype Analysis, Box Correlation, Box Valuation, Box Volatility as well as analyze Box Alpha and Beta and Box Performance. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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