OSE All (Norway) Backtesting

OSE All -- Norway Index  

 895.33  9.09  1.03%

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

OSE All 'What if' Analysis

October 23, 2017
0.00
No Change 0.00  0.0%
In 30 days
November 22, 2017
0.00
If you would invest  0.00  in OSE All on October 23, 2017 and sell it all today you would earn a total of 0.00 from holding OSE All or generate 0.0% return on investment in OSE All over 30 days. OSE All is entity of Norway. It is traded as Index on Index exchange.

OSE All Upside/Downside Indicators

  

OSE All Market Premium Indicators

OSE All lagged returns against current returns

 Current and Lagged Values 
      Timeline 

OSE All regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

OSE All Backtested Returns

OSE All maintains Sharpe Ratio (i.e. Efficiency) of 0.1137 which implies OSE All had 0.1137% of return per unit of risk over the last 1 month. Our philosophy in forecasting volatility of a index is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for OSE All which you can use to evaluate future volatility of the index. The index holds Beta of 0.0 which implies the returns on MARKET and OSE All are completely uncorrelated. Although it is extremely important to respect OSE All current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy in forecasting future performance of any index is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting OSE All technical indicators you can now evaluate if the expected return of 0.0789% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.65) 

Very good reverse predictability

OSE All has very good reverse predictability. Overlapping area represents the amount of predictability between OSE All time series from October 23, 2017 to November 7, 2017 and November 7, 2017 to November 22, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of OSE All price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current OSE All price fluctuation can be explain by its past prices. Given that OSE All has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of OSE All for similar time interval.
Correlation Coefficient -0.65
Spearman Rank Test -0.58
Price Variance 71.91
Lagged Price Variance 137.99

OSE All Lagged Returns

 Regressed Prices 
      Timeline 

OSE All Performance vs OSE All

The median price of OSE All for the period between Mon, Oct 23, 2017 and Wed, Nov 22, 2017 is 893.52 with a coefficient of variation of 1.2. The daily time series for the period is distributed with a sample standard deviation of 10.7, arithmetic mean of 890.52, and mean deviation of 8.72. The Index did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline