CDK Global Backtesting

CDK -- USA Stock  

USD 65.87  0.21  0.32%

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

CDK Global 'What if' Analysis

May 25, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 24, 2018
0.00
If you would invest  0.00  in CDK Global on May 25, 2018 and sell it all today you would earn a total of 0.00 from holding CDK Global or generate 0.0% return on investment in CDK Global over 30 days. CDK Global is related to or competes with Broadridge Financial, , Gartner, Workday, F5 Networks, CDW, and Salesforce. CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail and...

CDK Global Upside/Downside Indicators

Downside Deviation1.16
Information Ratio0.1708
Maximum Drawdown4.44
Value At Risk0.77
Potential Upside1.63
  

CDK Global Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.1554

CDK Global Backtested Returns

We consider CDK Global not too risky. CDK Global secures Sharpe Ratio (or Efficiency) of 0.1691 which signifies that CDK Global had 0.1691% of return per unit of return volatility over the last 1 month. Our approach into 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 CDK Global which you can use to evaluate future volatility of the firm. Please confirm CDK Global Semi Deviation of 0.8627, Risk Adjusted Performance of 0.01 and Mean Deviation of 0.6666 to double-check if risk estimate we provide are consistent with the epected return of 0.1845%. CDK Global has performance score of 11 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and CDK Global are completely uncorrelated. Although it is extremely important to respect CDK Global historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach into 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 examining CDK Global technical indicators you can right now evaluate if the expected return of 0.1845% will be sustainable into the future. CDK Global at this time shows a risk of 1.0914%. Please confirm CDK Global Treynor Ratio, and the relationship between Variance and Potential Upside to decide if CDK Global will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.06) 

Very weak reverse predictability

CDK Global has very weak reverse predictability. Overlapping area represents the amount of predictability between CDK Global time series from May 25, 2018 to June 9, 2018 and June 9, 2018 to June 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 CDK Global price movement. The serial correlation of -0.06 indicates that barely 6.0% of current CDK Global price fluctuation can be explain by its past prices. Given that CDK Global has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of CDK Global for similar time interval.
Correlation Coefficient -0.06
Spearman Rank Test 0.1
Price Variance 0.49
Lagged Price Variance 0.22

CDK Global lagged returns against current returns

 Current and Lagged Values 
      Timeline 

CDK Global regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

CDK Global Lagged Returns

 Regressed Prices 
      Timeline 

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Idea Breakdown

Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for CDK Global 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
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Check also CDK Global Hype Analysis, CDK Global Correlation, CDK Global Valuation, CDK Global Volatility as well as analyze CDK Global Alpha and Beta and CDK Global Performance. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.