Bharat Immunologicals (India) Backtesting

BIBCL -- India Stock  

INR 13.11  0.01  0.08%

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

Bharat Immunologicals 'What if' Analysis

October 16, 2018
No Change 0.00  0.0%
In 30 days
November 15, 2018
If you would invest  0.00  in Bharat Immunologicals on October 16, 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 Biocon, Sequent Scientific, Panacea Biotec, Lyka Labs, and . Bharat Immunologicals Biologicals Corporation Limited, a biotechnology company, manufactures and markets a range of phar...

Bharat Immunologicals Upside/Downside Indicators

Downside Deviation5.19
Information Ratio0.0408
Maximum Drawdown17.39
Value At Risk6.82
Potential Upside7.82

Bharat Immunologicals Market Premium Indicators

Risk Adjusted Performance0.0267
Jensen Alpha0.1113
Total Risk Alpha0.4931
Sortino Ratio0.0346
Treynor Ratio0.1441

Bharat Immunologicals Backtested Returns

Macroaxis considers Bharat Immunologicals to be relatively volatile. Bharat Immunologicals secures Sharpe Ratio (or Efficiency) of -0.0189 which signifies that Bharat Immunologicals had -0.0189% 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 3.15 and Risk Adjusted Performance of 0.0267 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 0.4241 which signifies that as returns on market increase, Bharat Immunologicals returns are expected to increase less than the market. However during bear market, the loss on holding Bharat Immunologicals will be expected to be smaller as well.. 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 -0.0772%. 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(0.62) 
correlation synergy

Very good reverse predictability

Bharat Immunologicals Biologicals Corp Ltd has very good reverse predictability. Overlapping area represents the amount of predictability between Bharat Immunologicals time series from October 16, 2018 to October 31, 2018 and October 31, 2018 to November 15, 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 -0.62 indicates that roughly 62.0% 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-0.62
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.15

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 Lagged Returns

 Regressed Prices 

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?
98% Bullish
2% Bearish

Bharat Immunologicals Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Bharat Immunologicals and Biocon Limited. 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