CDK Global Backtesting

CDK -- USA Stock  

USD 63.17  0.47  0.75%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

CDK Global 'What if' Analysis

August 26, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 25, 2018
0.00
If you would invest  0.00  in CDK Global on August 26, 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 Aurora Mobile, LINE, MINDBODY, Pluralsight, DocuSign, Domo Inc, and Descartes Systems. CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail and...

CDK Global Upside/Downside Indicators

Downside Deviation1.22
Information Ratio0.07
Maximum Drawdown2.81
Value At Risk1.31
Potential Upside1.39
  

CDK Global Market Premium Indicators

Risk Adjusted Performance0.0611
Jensen Alpha0.0377
Total Risk Alpha0.17
Sortino Ratio0.048991
Treynor Ratio0.258

CDK Global Backtested Returns

We consider CDK Global not too risky. CDK Global secures Sharpe Ratio (or Efficiency) of 0.1099 which signifies that CDK Global had 0.1099% 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 stock 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 0.7951, Risk Adjusted Performance of 0.0611 and Mean Deviation of 0.5767 to double-check if risk estimate we provide are consistent with the epected return of 0.0971%. CDK Global has performance score of 7 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.3456 which signifies that as returns on market increase, CDK Global returns are expected to increase less than the market. However during bear market, the loss on holding CDK Global will be expected to be smaller as well.. 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 0.0971% will be sustainable into the future. CDK Global at this time shows a risk of 0.8834%. 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(0.43) 

Modest reverse predictability

CDK Global has modest reverse predictability. Overlapping area represents the amount of predictability between CDK Global time series from August 26, 2018 to September 10, 2018 and September 10, 2018 to September 25, 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 -0.43 indicates that just about 43.0% 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-0.43
Spearman Rank Test-0.72
Residual Average0.0
Price Variance0.83

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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Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated
All  Next Launch Correlation Analysis

CDK Global Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for CDK Global and Aurora Mobile 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
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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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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