Bharat Immunologicals (India) Backtesting

BIBCL -- India Stock  

INR 20.40  1.55  8.22%

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

April 22, 2018
0.00
No Change 0.00  0.0%
In 30 days
May 22, 2018
0.00
If you would invest  0.00  in Bharat Immunologicals on April 22, 2018 and sell it all today you would earn a total of 0.00 from holding Bharat Immunologicals Biologicals Corp Ltd or generate 0.0% return on investment in Bharat Immunologicals over 30 days. Bharat Immunologicals is related to or competes with Tata Consultancy, Tata Consultancy, Reliance Industries, Reliance Industries, HDFC Bank, HDFC Bank, and I T. Bharat Immunologicals Biologicals Corporation Limited, a biotechnology company, manufactures and markets a range of phar...

Bharat Immunologicals Upside/Downside Indicators

Information Ratio0.05
Maximum Drawdown4.51
Value At Risk1.34
Potential Upside2.28
  

Bharat Immunologicals Market Premium Indicators

Risk Adjusted Performance0.01

Bharat Immunologicals Backtested Returns

Macroaxis considers Bharat Immunologicals to be not very risky. Bharat Immunologicals secures Sharpe Ratio (or Efficiency) of -0.3108 which signifies that Bharat Immunologicals had -0.3108% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in 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. Bharat Immunologicals Biologicals Corp Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Bharat Immunologicals Mean Deviation of 0.406 and Risk Adjusted Performance of 0.01 to double-check risk estimate we provide. Macroaxis gives Bharat Immunologicals performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Bharat Immunologicals are completely uncorrelated. Even though it is essential to pay attention to Bharat Immunologicals historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in 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. Bharat Immunologicals Biologicals Corp Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Bharat Immunologicals has expected return of -0.6986%. Please be advised to confirm Bharat Immunologicals Jensen Alpha, Semi Variance and the relationship between Standard Deviation and Value At Risk to decide if Bharat Immunologicals past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.12 

Insignificant predictability

Bharat Immunologicals Biologicals Corp Ltd has insignificant predictability. Overlapping area represents the amount of predictability between Bharat Immunologicals time series from April 22, 2018 to May 7, 2018 and May 7, 2018 to May 22, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bharat Immunologicals price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Bharat Immunologicals price fluctuation can be explain by its past prices.
Correlation Coefficient 0.12
Spearman Rank Test -0.13
Price Variance 0.74
Lagged Price Variance 0.47

Bharat Immunologicals lagged returns against current returns

 Current and Lagged Values 
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Bharat Immunologicals regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Bharat Immunologicals Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - BIBCL

Bharat Immunologicals Investor Sentiment
Most of Macroaxis users are currently bullish on Bharat Immunologicals Biologicals Corp Ltd. What is your opinion about investing in Bharat Immunologicals Biologicals Corp Ltd? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Correlation

Equities Pair Trading Analysis
Check also Bharat Immunologicals Hype Analysis, Bharat Immunologicals Correlation, Bharat Immunologicals Valuation, Bharat Immunologicals Volatility as well as analyze Bharat Immunologicals Alpha and Beta and Bharat Immunologicals Performance. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.