CA Backtesting

CA -- USA Stock  

USD 43.63  0.02  0.0459%

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

CA 'What if' Analysis

July 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
August 20, 2018
0.00
If you would invest  0.00  in CA on July 21, 2018 and sell it all today you would earn a total of 0.00 from holding CA or generate 0.0% return on investment in CA over 30 days. CA is related to or competes with Broadridge Financial, Gartner, Workday, F5 Networks, CDK Global, and . CA, Inc., together with its subsidiaries, develops, markets, delivers, and licenses software products and services in th...

CA Upside/Downside Indicators

Information Ratio0.56
Maximum Drawdown1.19
Value At Risk0.43
Potential Upside0.386
  

CA Market Premium Indicators

Risk Adjusted Performance0.09
Jensen Alpha0.07
Total Risk Alpha0.1
Treynor Ratio0.25

CA Backtested Returns

Macroaxis considers CA to be not too risky. CA secures Sharpe Ratio (or Efficiency) of -0.1279 which signifies that CA had -0.1279% 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. CA exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CA Mean Deviation of 0.1995 and Risk Adjusted Performance of 0.09 to double-check risk estimate we provide. Macroaxis gives CA performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.1901 which signifies that as returns on market increase, CA returns are expected to increase less than the market. However during bear market, the loss on holding CA will be expected to be smaller as well.. Even though it is essential to pay attention to CA 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. CA exposes twenty-one different technical indicators which can help you to evaluate its performance. CA has expected return of -0.0355%. Please be advised to confirm CA Variance, Maximum Drawdown and the relationship between Coefficient Of Variation and Jensen Alpha to decide if CA 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

CA has insignificant predictability. Overlapping area represents the amount of predictability between CA time series from July 21, 2018 to August 5, 2018 and August 5, 2018 to August 20, 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 CA price movement. The serial correlation of 0.12 indicates that less than 12.0% of current CA price fluctuation can be explain by its past prices.
Correlation Coefficient 0.12
Spearman Rank Test -0.55
Price Variance 0.02
Lagged Price Variance 0.01

CA lagged returns against current returns

 Current and Lagged Values 
      Timeline 

CA regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

CA Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - CA

CA Investor Sentiment
Larger part of Macroaxis users are currently bullish on CA. What is your opinion about investing in CA? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
Skip

Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for CA and Broadridge Financial. 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 CA Hype Analysis, CA Correlation, CA Valuation, CA Volatility as well as analyze CA Alpha and Beta and CA Performance. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.