CDK Global Backtesting

CDK -- USA Stock  

USD 66.89  0.21  0.31%

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

CDK Global 'What if' Analysis

June 20, 2018
No Change 0.00  0.0%
In 30 days
July 20, 2018
If you would invest  0.00  in CDK Global on June 20, 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 Shopify, HubSpot. CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail and...

CDK Global Upside/Downside Indicators

Downside Deviation0.7961
Information Ratio0.0387
Maximum Drawdown4.43
Value At Risk1.09
Potential Upside1.61

CDK Global Market Premium Indicators

Risk Adjusted Performance0.1269
Jensen Alpha0.1786
Total Risk Alpha0.049061
Sortino Ratio0.046
Treynor Ratio4.61

CDK Global Backtested Returns

We consider CDK Global not too risky. CDK Global secures Sharpe Ratio (or Efficiency) of 0.0815 which signifies that CDK Global had 0.0815% 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 0.543, Risk Adjusted Performance of 0.1269 and Mean Deviation of 0.636 to double-check if risk estimate we provide are consistent with the epected return of 0.0578%. CDK Global has performance score of 5 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.04 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 0.0578% will be sustainable into the future. CDK Global at this time shows a risk of 0.709%. 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(0.44) 

Modest reverse predictability

CDK Global has modest reverse predictability. Overlapping area represents the amount of predictability between CDK Global time series from June 20, 2018 to July 5, 2018 and July 5, 2018 to July 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 CDK Global price movement. The serial correlation of -0.44 indicates that just about 44.0% 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 -0.44
Spearman Rank Test 0.05
Price Variance 0.14
Lagged Price Variance 0.23

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 

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?
98% Bullish
2% Bearish

Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for CDK Global and Shopify. 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 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.