CDK Global Backtesting

CDK -- USA Stock  

USD 50.24  0.07  0.00%

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

CDK Global 'What if' Analysis

November 21, 2018
No Change 0.00  0.0%
In 2 months and 2 days
January 20, 2019
If you would invest  0.00  in CDK Global on November 21, 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 Eventbrite, Aurora Mobile, LINE, MINDBODY, DocuSign, Domo Inc, and Descartes Systems. CDK Global, Inc. provides software and technology solutions for automotive retailers in the United States and internatio...

CDK Global Upside/Downside Indicators

Downside Deviation1.47
Information Ratio0.0473
Maximum Drawdown6.0
Value At Risk(2.37)
Potential Upside2.36

CDK Global Market Premium Indicators

Risk Adjusted Performance0.0179
Jensen Alpha0.0232
Total Risk Alpha0.0443
Sortino Ratio0.0426
Treynor Ratio0.0173

CDK Global Backtested Returns

We consider CDK Global not too risky. CDK Global secures Sharpe Ratio (or Efficiency) of 0.0274 which signifies that the organization had 0.0274% of return per unit of return volatility over the last 2 months. 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-eight technical indicators for CDK Global which you can use to evaluate future volatility of the firm. Please confirm CDK Global Risk Adjusted Performance of 0.0179, Mean Deviation of 0.9642 and Semi Deviation of 1.35 to double-check if risk estimate we provide are consistent with the epected return of 0.0369%. CDK Global has performance score of 1 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.311 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 0.0369% will be sustainable into the future. CDK Global at this time shows a risk of 1.348%. Please confirm CDK Global Jensen Alpha, Potential Upside, Accumulation Distribution, as well as the relationship between Treynor Ratio and Expected Short fall to decide if CDK Global will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.67) 
correlation synergy

Very good reverse predictability

CDK Global has very good reverse predictability. Overlapping area represents the amount of predictability between CDK Global time series from November 21, 2018 to December 21, 2018 and December 21, 2018 to January 20, 2019. 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 -0.67 indicates that around 67.0% 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-0.67
Spearman Rank Test-0.76
Residual Average0.0
Price Variance2.58

CDK Global lagged returns against current returns

 Current and Lagged Values 

CDK Global regressed lagged prices vs. current prices

 Current vs Lagged Prices 

CDK Global Lagged Returns

 Regressed Prices 

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Headlines Timeline

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CDK Global Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for CDK Global and Eventbrite. 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 Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.