Bharat Immunologicals (India) Backtesting

Bharat Immunologicals Biologicals Corp Ltd -- India Stock  

INR 19.90  0.70  3.65%

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

Bharat Immunologicals 'What if' Analysis

February 22, 2018
No Change 0.00  0.0%
In 31 days
March 24, 2018
If you would invest  0.00  in Bharat Immunologicals on February 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, HDFC Bank, HDFC Bank, and ITC Limited. Bharat Immunologicals Biologicals Corporation Limited, a biotechnology company, manufactures and markets a range of pharmaceuticals solutions in India.

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

Macroaxis considers Bharat Immunologicals to be moderately volatile. Bharat Immunologicals secures Sharpe Ratio (or Efficiency) of -0.2212 which signifies that Bharat Immunologicals had -0.2212% 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 3.46 and Risk Adjusted Performance of 0.12 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 -1.2179 which signifies that as returns on market increase, returns on owning Bharat Immunologicals are expected to decrease by larger amounts. On the other hand, during market turmoil, Bharat Immunologicals is expected to significantly outperform it.. 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 -1.0152%. 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(0.98) 

Near perfect reversele predictability

Bharat Immunologicals Biologicals Corp Ltd has near perfect reversele predictability. Overlapping area represents the amount of predictability between Bharat Immunologicals time series from February 22, 2018 to March 9, 2018 and March 9, 2018 to March 24, 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 -0.98 indicates that 98.0% 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 -0.98
Spearman Rank Test -0.5
Price Variance 0.2
Lagged Price Variance 2.65

Bharat Immunologicals Lagged Returns

 Regressed Prices 

Bharat Immunologicals Performance vs BSE

The median price of Bharat Immunologicals for the period between Thu, Feb 22, 2018 and Sat, Mar 24, 2018 is 21.1 with a coefficient of variation of 48.8. The daily time series for the period is distributed with a sample standard deviation of 8.67, arithmetic mean of 17.77, and mean deviation of 6.46. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)