Boeing (Brazil) Market Value
| BOEI34 Stock | BRL 992.70 9.67 0.96% |
| Symbol | Boeing |
Boeing '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 Boeing'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 Boeing.
| 12/12/2023 |
| 06/09/2024 |
If you would invest 0.00 in Boeing on December 12, 2023 and sell it all today you would earn a total of 0.00 from holding The Boeing or generate 0.0% return on investment in Boeing over 180 days. Boeing is related to or competes with Raytheon Technologies, Jalles Machado, Western Digital, Unipar Carbocloro, Banco Santander, Cable One, and Randon SA. The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports comme... More
Boeing 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 Boeing'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 The Boeing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 10.33 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 3.48 |
Boeing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boeing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boeing's standard deviation. In reality, there are many statistical measures that can use Boeing historical prices to predict the future Boeing's volatility.| Risk Adjusted Performance | 0.0115 | |||
| Jensen Alpha | 0.003 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0203 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Boeing'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.
Boeing Backtested Returns
We consider Boeing very steady. Boeing secures Sharpe Ratio (or Efficiency) of 0.0386, which signifies that the company had a 0.0386% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for The Boeing, which you can use to evaluate the volatility of the firm. Please confirm Boeing's Semi Deviation of 1.97, risk adjusted performance of 0.0115, and Mean Deviation of 1.3 to double-check if the risk estimate we provide is consistent with the expected return of 0.0741%. Boeing has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Boeing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Boeing is expected to be smaller as well. Boeing right now shows a risk of 1.92%. Please confirm Boeing downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Boeing will be following its price patterns.
Auto-correlation | 0.30 |
Below average predictability
The Boeing has below average predictability. Overlapping area represents the amount of predictability between Boeing time series from 12th of December 2023 to 11th of March 2024 and 11th of March 2024 to 9th of June 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 Boeing price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Boeing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1086.94 |
Boeing lagged returns against current returns
Autocorrelation, which is Boeing 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 Boeing's stock expected returns. We can calculate the autocorrelation of Boeing returns to help us make a trade decision. For example, suppose you find that Boeing 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 |
Boeing 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 Boeing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boeing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boeing stock over time.
Current vs Lagged Prices |
| Timeline |
Boeing Lagged Returns
When evaluating Boeing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boeing stock have on its future price. Boeing 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, Boeing autocorrelation shows the relationship between Boeing stock current value and its past values and can show if there is a momentum factor associated with investing in The Boeing.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Additional Information and Resources on Investing in Boeing Stock
When determining whether Boeing offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Boeing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The Boeing Stock. Outlined below are crucial reports that will aid in making a well-informed decision on The Boeing Stock:Check out Boeing Correlation, Boeing Volatility and Boeing Alpha and Beta module to complement your research on Boeing. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Boeing technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.