Bharat Immunologicals (India) Backtesting

Bharat Immunologicals Biologicals Corp Ltd -- India Stock  

INR 22.45  0.05  0.22%

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
Investment Horizon     30 Days    Login   to change

Bharat Immunologicals 'What if' Analysis

September 18, 2017
No Change 0.00  0.0%
In 31 days
October 18, 2017
If you would invest  0.00  in Bharat Immunologicals on September 18, 2017 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, HDFC Bank, Reliance Industries, ITC Limited, and ITC Limited. Bharat Immunologicals Biologicals Corp Ltd offers oral polio vaccines diarrhea management kits for the management of dia...

Bharat Immunologicals Upside/Downside Indicators


Bharat Immunologicals Market Premium Indicators

Bharat Immunologicals lagged returns against current returns

 Current and Lagged Values 

Bharat Immunologicals regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Bharat Immunologicals Backtested Returns

We consider Bharat Immunologicals not very risky. Bharat Immunologicals secures Sharpe Ratio (or Efficiency) of 0.0557 which signifies that Bharat Immunologicals had 0.0557% 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 company 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 confirm Bharat Immunologicals Mean Deviation of 1.55 and Risk Adjusted Performance of 0.0217 to double-check if risk estimate we provide are consistent with the epected return of 0.1269%. Bharat Immunologicals has performance score of 3 on a scale of 0 to 100. The firm shows Beta (market volatility) of 3.5784 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Bharat Immunologicals will likely underperform.. Although it is extremely important to respect Bharat Immunologicals historical returns, it is better to be realistic regarding the information on equity current trending patternss. 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 0.1269% will be sustainable into the future. Bharat Immunologicals right now shows a risk of 2.2776%. Please confirm Bharat Immunologicals Jensen Alpha, Semi Variance and the relationship between Standard Deviation and Value At Risk to decide if Bharat Immunologicals will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.02) 

Very weak reverse predictability

Bharat Immunologicals Biologicals Corp Ltd has very weak reverse predictability. Overlapping area represents the amount of predictability between Bharat Immunologicals time series from September 18, 2017 to October 3, 2017 and October 3, 2017 to October 18, 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 Bharat Immunologicals price movement. The serial correlation of -0.02 indicates that only 2.0% of current Bharat Immunologicals price fluctuation can be explain by its past prices. Given that Bharat Immunologicals Biologicals Corp Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Bharat Immunologicals for similar time interval.
Correlation Coefficient -0.02
Spearman Rank Test 0.25
Price Variance 0.29
Lagged Price Variance 0.4

Bharat Immunologicals Lagged Returns

 Regressed Prices 

Bharat Immunologicals Performance vs BSE

The median price of Bharat Immunologicals for the period between Mon, Sep 18, 2017 and Wed, Oct 18, 2017 is 22.4 with a coefficient of variation of 4.22. The daily time series for the period is distributed with a sample standard deviation of 0.94, arithmetic mean of 22.31, and mean deviation of 0.76. The Stock did not receive any noticable media coverage during the period.
Price Growth (%)