CDK Global Backtesting

CDK -- USA Stock  

USD 56.84  0.44  0.77%

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

September 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 21, 2018
0.00
If you would invest  0.00  in CDK Global on September 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 30 days. CDK Global, Inc. provides software and technology solutions for automotive retailers in the United States and internatio...

CDK Global Upside/Downside Indicators

Information Ratio0.31
Maximum Drawdown2.39
Value At Risk1.77
Potential Upside0.7795
  

CDK Global Market Premium Indicators

Risk Adjusted Performance0.57
Jensen Alpha0.40
Total Risk Alpha0.29
Treynor Ratio3.48

CDK Global Backtested Returns

Macroaxis considers CDK Global to be not too risky. CDK Global secures Sharpe Ratio (or Efficiency) of -0.5738 which signifies that CDK Global had -0.5738% of return per unit of return volatility over the last 1 month. 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 0.57 and Mean Deviation of 0.5898 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 0.1198 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 -0.4362%. 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 0.39 

Below average predictability

CDK Global has below average predictability. Overlapping area represents the amount of predictability between CDK Global time series from September 21, 2018 to October 6, 2018 and October 6, 2018 to October 21, 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 0.39 indicates that just about 39.0% of current CDK Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.39
Spearman Rank Test0.32
Residual Average0.0
Price Variance0.53

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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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 Idea Breakdown module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.
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