Bharat Immunologicals (India) Backtesting

BIBCL -- India Stock  

INR 17.70  0.10  0.56%

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.
Horizon     30 Days    Login   to change
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Bharat Immunologicals 'What if' Analysis

August 20, 2018
0.00
No Change 0.00  0.0%
In 30 days
September 19, 2018
0.00
If you would invest  0.00  in Bharat Immunologicals on August 20, 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 Housing Development, Housing Development, Infosys, Maruti Suzuki, Maruti Suzuki, Kotak Mahindra, and Kotak Mahindra. Bharat Immunologicals Biologicals Corporation Limited, a biotechnology company, manufactures and markets a range of phar...

Bharat Immunologicals Upside/Downside Indicators

Downside Deviation1.84
Information Ratio0.1318
Maximum Drawdown11.14
Value At Risk2.60
Potential Upside5.88
  

Bharat Immunologicals Market Premium Indicators

Risk Adjusted Performance0.0746
Jensen Alpha0.4831
Total Risk Alpha0.18
Sortino Ratio0.1801
Treynor Ratio0.64

Bharat Immunologicals Backtested Returns

Macroaxis considers Bharat Immunologicals not very risky given 1 month investment horizon. Bharat Immunologicals secures Sharpe Ratio (or Efficiency) of 0.0935 which signifies that Bharat Immunologicals had 0.0935% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Bharat Immunologicals Biologicals Corp Ltd which you can use to evaluate future volatility of the firm. Please makes use of Bharat Immunologicals Mean Deviation of 1.66 and Risk Adjusted Performance of 0.0746 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Bharat Immunologicals holds performance score of 6. The firm shows Beta (market volatility) of -0.6574 which signifies that as returns on market increase, returns on owning Bharat Immunologicals are expected to decrease at a much smaller rate. During bear market, Bharat Immunologicals is likely to outperform the market.. Although it is extremely important to respect Bharat Immunologicals historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Bharat Immunologicals technical indicators you can presently evaluate if the expected return of 0.2311% will be sustainable into the future. Please makes use of Bharat Immunologicals Jensen Alpha, Semi Variance and the relationship between Standard Deviation and Value At Risk to make a quick decision on weather Bharat Immunologicals price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.05 

Virtually no predictability

Bharat Immunologicals Biologicals Corp Ltd has virtually no predictability. Overlapping area represents the amount of predictability between Bharat Immunologicals time series from August 20, 2018 to September 4, 2018 and September 4, 2018 to September 19, 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 0.05 indicates that only as little as 5.0% of current Bharat Immunologicals price fluctuation can be explain by its past prices.
Correlation Coefficient0.05
Spearman Rank Test-0.2
Residual Average0.0
Price Variance0.01

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 
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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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Bharat Immunologicals Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Bharat Immunologicals and Housing Development. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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