Cognizant Technology Backtesting

Cognizant Technology Solutions Corporation -- USA Stock  

USD 74.27  0.53  0.71%

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

September 22, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
October 22, 2017
 0.00 
If you would invest  0.00  in Cognizant Technology on September 22, 2017 and sell it all today you would earn a total of 0.00 from holding Cognizant Technology Solutions Corporation or generate 0.0% return on investment in Cognizant Technology over 30 days. Cognizant Technology is related to or competes with Visa, Vantiv, Verisk Analytics, 58 com, Automatic Data, and Alliance Data. Cognizant Technology Solutions Corporation operates through four segments Financial Services, Healthcare, ManufacturingR...

Cognizant Technology Upside/Downside Indicators

  

Cognizant Technology Market Premium Indicators

Cognizant Technology lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Cognizant Technology regressed lagged prices vs. current prices

 Current vs Lagged Prices 
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Cognizant Technology Backtested Returns

We consider Cognizant Technology not too risky. Cognizant Technology secures Sharpe Ratio (or Efficiency) of 0.4276 which signifies that Cognizant Technology had 0.4276% of return per unit of risk over the last 1 month. Our philosophy towards 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 technical indicators for Cognizant Technology Solutions Corporation which you can use to evaluate future volatility of the firm. Please confirm Cognizant Technology Coefficient Of Variation of 222.89, Risk Adjusted Performance of 0.125 and Mean Deviation of 0.3465 to double-check if risk estimate we provide are consistent with the epected return of 0.1787%. Cognizant Technology has performance score of 29 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.1716 which signifies that as returns on market increase, Cognizant Technology returns are expected to increase less than the market. However during bear market, the loss on holding Cognizant Technology will be expected to be smaller as well.. Although it is extremely important to respect Cognizant Technology historical returns, it is better to be realistic regarding the information on equity current trending patternss. 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 Cognizant Technology technical indicators you can presently evaluate if the expected return of 0.1787% will be sustainable into the future. Cognizant Technology right now shows a risk of 0.4179%. Please confirm Cognizant Technology Information Ratio as well as the relationship between Potential Upside and Kurtosis to decide if Cognizant Technology will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.72 

Good predictability

Cognizant Technology Solutions Corporation has good predictability. Overlapping area represents the amount of predictability between Cognizant Technology time series from September 22, 2017 to October 7, 2017 and October 7, 2017 to October 22, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cognizant Technology price movement. The serial correlation of 0.72 indicates that around 72.0% of current Cognizant Technology price fluctuation can be explain by its past prices.
Correlation Coefficient 0.72
Spearman Rank Test 0.47
Price Variance 0.11
Lagged Price Variance 0.21

Cognizant Technology Lagged Returns

 Regressed Prices 
      Timeline 

Cognizant Technology Performance vs DOW

The median price of Cognizant Technology for the period between Fri, Sep 22, 2017 and Sun, Oct 22, 2017 is 73.6 with a coefficient of variation of 1.39. The daily time series for the period is distributed with a sample standard deviation of 1.02, arithmetic mean of 73.15, and mean deviation of 0.91. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Analysts take a look at Cognizant Technology Solutions Corp ...10/20/2017