BACKBONE Technology (Germany) Market Value
| AO9 Stock | EUR 0.02 0.00 0.00% |
| Symbol | BACKBONE |
BACKBONE Technology '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 BACKBONE Technology'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 BACKBONE Technology.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in BACKBONE Technology on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding BACKBONE Technology AG or generate 0.0% return on investment in BACKBONE Technology over 90 days. BACKBONE Technology is related to or competes with ARISTOCRAT LEISURE, Global Ship, United Rentals, GRENKELEASING Dusseldorf, VIRGIN WINES, Aristocrat Leisure, and Columbia Sportswear. BACKBONE Technology AG, through its subsidiaries, provides data analysis, forensics, and cyber defense solutions in Euro... More
BACKBONE Technology 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 BACKBONE Technology'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 BACKBONE Technology AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1736 | |||
| Maximum Drawdown | 29.03 | |||
| Potential Upside | 4.0 |
BACKBONE Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BACKBONE Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BACKBONE Technology's standard deviation. In reality, there are many statistical measures that can use BACKBONE Technology historical prices to predict the future BACKBONE Technology's volatility.| Risk Adjusted Performance | 0.2021 | |||
| Jensen Alpha | 0.9391 | |||
| Total Risk Alpha | 0.2673 | |||
| Treynor Ratio | (1.07) |
BACKBONE Technology Backtested Returns
BACKBONE Technology appears to be out of control, given 3 months investment horizon. BACKBONE Technology retains Efficiency (Sharpe Ratio) of 0.21, which signifies that the company had a 0.21 % return per unit of risk over the last 3 months. By examining BACKBONE Technology's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please makes use of BACKBONE Technology's market risk adjusted performance of (1.06), and Variance of 16.56 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BACKBONE Technology holds a performance score of 16. The firm owns a Beta (Systematic Risk) of -0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BACKBONE Technology are expected to decrease at a much lower rate. During the bear market, BACKBONE Technology is likely to outperform the market. Please check BACKBONE Technology's mean deviation, information ratio, skewness, as well as the relationship between the standard deviation and maximum drawdown , to make a quick decision on whether BACKBONE Technology's current price history will revert.
Auto-correlation | 0.75 |
Good predictability
BACKBONE Technology AG has good predictability. Overlapping area represents the amount of predictability between BACKBONE Technology time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BACKBONE Technology price movement. The serial correlation of 0.75 indicates that around 75.0% of current BACKBONE Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BACKBONE Technology lagged returns against current returns
Autocorrelation, which is BACKBONE Technology 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 BACKBONE Technology's stock expected returns. We can calculate the autocorrelation of BACKBONE Technology returns to help us make a trade decision. For example, suppose you find that BACKBONE Technology 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 |
BACKBONE Technology 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 BACKBONE Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BACKBONE Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BACKBONE Technology stock over time.
Current vs Lagged Prices |
| Timeline |
BACKBONE Technology Lagged Returns
When evaluating BACKBONE Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BACKBONE Technology stock have on its future price. BACKBONE Technology 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, BACKBONE Technology autocorrelation shows the relationship between BACKBONE Technology stock current value and its past values and can show if there is a momentum factor associated with investing in BACKBONE Technology AG.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for BACKBONE Stock Analysis
When running BACKBONE Technology's price analysis, check to measure BACKBONE Technology'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 BACKBONE Technology is operating at the current time. Most of BACKBONE Technology's value examination focuses on studying past and present price action to predict the probability of BACKBONE Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BACKBONE Technology's price. Additionally, you may evaluate how the addition of BACKBONE Technology to your portfolios can decrease your overall portfolio volatility.