CDK Global Backtesting

CDK Global -- USA Stock  

USD 64.07  0.67  1.03%

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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CDK Global 'What if' Analysis

February 24, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 25, 2018
0.00
If you would invest  0.00  in CDK Global on February 24, 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 60 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

Information Ratio0.15
Maximum Drawdown4.55
Value At Risk1.99
Potential Upside1.46
  

CDK Global Market Premium Indicators

Risk Adjusted Performance0.29
Jensen Alpha0.20
Total Risk Alpha0.18
Treynor Ratio2.77

CDK Global Backtested Returns

Macroaxis considers CDK Global to be not too risky. CDK Global secures Sharpe Ratio (or Efficiency) of -0.1722 which signifies that CDK Global had -0.1722% of return per unit of return volatility over the last 2 months. Macroaxis approach into 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. CDK Global exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CDK Global Risk Adjusted Performance of 0.29 and Mean Deviation of 0.9111 to double-check risk estimate we provide. Macroaxis gives CDK Global performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0722 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.. Even though it is essential to pay attention to CDK Global historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach into 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. CDK Global exposes twenty-one different technical indicators which can help you to evaluate its performance. CDK Global has expected return of -0.1932%. Please be advised to confirm CDK Global Treynor Ratio, and the relationship between Variance and Potential Upside to decide if CDK Global past performance will be repeated in the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.33) 

Poor reverse predictability

CDK Global has poor reverse predictability. Overlapping area represents the amount of predictability between CDK Global time series from February 24, 2018 to March 26, 2018 and March 26, 2018 to April 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 -0.33 indicates that nearly 33.0% 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 -0.33
Spearman Rank Test -0.23
Price Variance 0.91
Lagged Price Variance 4.05

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 

Current Sentiment - CDK

CDK Global Investor Sentiment
Greater number of Macroaxis users are currently bullish on CDK Global. What is your opinion about investing in CDK Global? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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BATS Exchange Efficient Frontier

Diversify in USA Market
The main assumption in equity investing is that a higher degree of volatility (or risk) means a higher potential (or expected) return on investment. Conversely, investors who take on a low degree of risk have a low expection for return.
Diversify Portfolios
You can create optimal portfolios in USA market or optimize your existing portfolio in one of two ways: 1) For any level of risk, select the one which has the highest expected return. 2) For any expected return, select the one which has the lowest volatility.
Diversify Portfolios
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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.