Coupa Software Backtesting

COUP -- USA Stock  

USD 127.26  4.46  3.39%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Coupa Software Incorporated and determine expected loss or profit from investing in Coupa Software over given investment horizon. Check also Coupa Software Hype Analysis, Coupa Software Correlation, Coupa Software Valuation, Coupa Software Volatility as well as analyze Coupa Software Alpha and Beta and Coupa Software Performance.
Horizon     30 Days    Login   to change

Coupa Software 'What if' Analysis

June 17, 2019
No Change 0.00  0.0%
In 3 months and 1 day
September 15, 2019
If you would invest  0.00  in Coupa Software on June 17, 2019 and sell it all today you would earn a total of 0.00 from holding Coupa Software Incorporated or generate 0.0% return on investment in Coupa Software over 90 days. Coupa Software is related to or competes with BlackLine, Evertec, Dropbox, Black Knight, Five9, Fair Isaac, and Amdocs. Coupa Software Incorporated provides cloud-based business spend management platform

Coupa Software Upside/Downside Indicators

Downside Deviation2.65
Information Ratio0.0311
Maximum Drawdown16.58
Value At Risk(3.99)
Potential Upside3.55

Coupa Software Market Premium Indicators

Risk Adjusted Performance0.0479
Jensen Alpha0.0706
Total Risk Alpha0.0238
Sortino Ratio0.0305
Treynor Ratio0.082

Coupa Software Incor Backtested Returns

We consider Coupa Software very steady. Coupa Software Incor secures Sharpe Ratio (or Efficiency) of 0.0368 which signifies that the organization had 0.0368% of return per unit of risk over the last 3 months. Our philosophy towards 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-six technical indicators for Coupa Software Incorporated which you can use to evaluate future volatility of the firm. Please confirm Coupa Software Incor Risk Adjusted Performance of 0.0479, Mean Deviation of 1.84 and Downside Deviation of 2.65 to double-check if risk estimate we provide are consistent with the epected return of 0.101%. Coupa Software has performance score of 2 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.3501 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Coupa Software will likely underperform. Although it is extremely important to respect Coupa Software Incor historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards 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 analyzing Coupa Software Incor technical indicators you can presently evaluate if the expected return of 0.101% will be sustainable into the future. Coupa Software Incor right now shows a risk of 2.7491%. Please confirm Coupa Software Incor Value At Risk as well as the relationship between Skewness and Day Typical Price to decide if Coupa Software Incor will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.40 
correlation synergy

Average predictability

Coupa Software Incorporated has average predictability. Overlapping area represents the amount of predictability between Coupa Software time series from June 17, 2019 to August 1, 2019 and August 1, 2019 to September 15, 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 Coupa Software Incor price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Coupa Software price fluctuation can be explain by its past prices.
Correlation Coefficient0.4
Spearman Rank Test0.13
Residual Average0.0
Price Variance27.87

Coupa Software Incor lagged returns against current returns

 Current and Lagged Values 

Coupa Software regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Coupa Software Lagged Returns

 Regressed Prices 

Current Sentiment - COUP

Coupa Software Incor Investor Sentiment

Most of Macroaxis users are currently bullish on Coupa Software Incorporated. What is your opinion about investing in Coupa Software Incorporated? Are you bullish or bearish?
98% Bullish
2% Bearish

Coupa Software Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Coupa Software and BlackLine. 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 Coupa Software Hype Analysis, Coupa Software Correlation, Coupa Software Valuation, Coupa Software Volatility as well as analyze Coupa Software Alpha and Beta and Coupa Software Performance. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.