Cognizant Technology Backtesting

CTSH -- USA Stock  

USD 82.24  0.53  0.65%

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.
 Time Horizon     30 Days    Login   to change

Cognizant Technology 'What if' Analysis

June 16, 2018
No Change 0.00  0.0%
In 31 days
July 16, 2018
If you would invest  0.00  in Cognizant Technology on June 16, 2018 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 Gartner, Digimarc, Edgewater Technology, EPAM Systems, Accenture plc, CDW, and Computer Task. Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and out...

Cognizant Technology Upside/Downside Indicators

Downside Deviation1.09
Information Ratio0.0788
Maximum Drawdown4.18
Value At Risk1.45
Potential Upside2.12

Cognizant Technology Market Premium Indicators

Risk Adjusted Performance0.1023
Jensen Alpha0.1642
Total Risk Alpha0.042647
Sortino Ratio0.0885
Treynor Ratio0.5353

Cognizant Technology Backtested Returns

We consider Cognizant Technology not too risky. Cognizant Technology secures Sharpe Ratio (or Efficiency) of 0.1003 which signifies that Cognizant Technology had 0.1003% 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-eight technical indicators for Cognizant Technology Solutions Corporation which you can use to evaluate future volatility of the firm. Please confirm Cognizant Technology Downside Deviation of 1.09, Risk Adjusted Performance of 0.1023 and Mean Deviation of 0.9697 to double-check if risk estimate we provide are consistent with the epected return of 0.111%. Cognizant Technology has performance score of 6 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.3873 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 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 Cognizant Technology technical indicators you can presently evaluate if the expected return of 0.111% will be sustainable into the future. Cognizant Technology right now shows a risk of 1.1067%. Please confirm Cognizant Technology Value At Risk, and the relationship between Jensen Alpha and Skewness to decide if Cognizant Technology will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.50) 

Modest reverse predictability

Cognizant Technology Solutions Corporation has modest reverse predictability. Overlapping area represents the amount of predictability between Cognizant Technology time series from June 16, 2018 to July 1, 2018 and July 1, 2018 to July 16, 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 Cognizant Technology price movement. The serial correlation of -0.5 indicates that about 50.0% of current Cognizant Technology price fluctuation can be explain by its past prices. Given that Cognizant Technology Solutions Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Cognizant Technology for similar time interval.
Correlation Coefficient -0.5
Spearman Rank Test 0.28
Price Variance 1.21
Lagged Price Variance 0.56

Cognizant Technology lagged returns against current returns

 Current and Lagged Values 

Cognizant Technology regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Cognizant Technology Lagged Returns

 Regressed Prices 

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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Cognizant Technology and Gartner. 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 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. Please also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.