OSE All (Norway) Backtesting

OSEAX -- Norway Index  

 937.35  7.98  0.86%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

OSE All 'What if' Analysis

June 22, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
August 21, 2019
0.00
If you would invest  0.00  in OSE All on June 22, 2019 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 60 days.

OSE All Upside/Downside Indicators

Information Ratio(0.06)
Maximum Drawdown4.25
Value At Risk(1.46)
Potential Upside1.36

OSE All Market Premium Indicators

Risk Adjusted Performance(0.10)
Total Risk Alpha(0.06)

OSE All Backtested Returns

OSE All maintains Sharpe Ratio (i.e. Efficiency) of -0.0882 which implies the entity had -0.0882% of return per unit of risk over the last 2 months. Macroaxis philosophy in forecasting risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. OSE All exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. The index holds Beta of 0.0 which implies the returns on MARKET and OSE All are completely uncorrelated. Even though it is essential to pay attention to OSE All current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy in forecasting future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. OSE All exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.05) 
correlation synergy

Very weak reverse predictability

OSE All has very weak reverse predictability. Overlapping area represents the amount of predictability between OSE All time series from June 22, 2019 to July 22, 2019 and July 22, 2019 to August 21, 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 OSE All price movement. The serial correlation of -0.05 indicates that only as little as 5.0% 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-0.05
Spearman Rank Test-0.12
Residual Average0.0
Price Variance428.85

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 Lagged Returns

 Regressed Prices 
      Timeline 

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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. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
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