Cognizant Technology Backtesting

Cognizant Technology Solutions Corporation -- USA Stock  

USD 84.83  0.23  0.27%

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

February 16, 2018
No Change 0.00  0.0%
In 30 days
March 18, 2018
If you would invest  0.00  in Cognizant Technology on February 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 Visa, Verisk Analytics, 58 com, Automatic Data, and Alliance Data. Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and out...

Cognizant Technology Upside/Downside Indicators


Cognizant Technology Market Premium Indicators

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 Backtested Returns

Macroaxis considers Cognizant Technology not too risky given 1 month investment horizon. Cognizant Technology secures Sharpe Ratio (or Efficiency) of 0.2625 which signifies that Cognizant Technology had 0.2625% 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-one technical indicators for Cognizant Technology Solutions Corporation which you can use to evaluate future volatility of the firm. Please makes use of Cognizant Technology Downside Deviation of 0.7137, Risk Adjusted Performance of 0.3428 and Mean Deviation of 0.7424 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Cognizant Technology holds performance score of 17. The firm shows Beta (market volatility) of 0.0481 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 0.2242% will be sustainable into the future. Please makes use of Cognizant Technology Variance as well as the relationship between Value At Risk and Skewness to make a quick decision on weather Cognizant Technology price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.17 

Very weak predictability

Cognizant Technology Solutions Corporation has very weak predictability. Overlapping area represents the amount of predictability between Cognizant Technology time series from February 16, 2018 to March 3, 2018 and March 3, 2018 to March 18, 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 0.17 indicates that over 17.0% of current Cognizant Technology price fluctuation can be explain by its past prices.
Correlation Coefficient 0.17
Spearman Rank Test 0.05
Price Variance 0.61
Lagged Price Variance 0.49

Cognizant Technology Lagged Returns

 Regressed Prices 

Cognizant Technology Performance vs DOW

The median price of Cognizant Technology for the period between Fri, Feb 16, 2018 and Sun, Mar 18, 2018 is 82.53 with a coefficient of variation of 1.67. The daily time series for the period is distributed with a sample standard deviation of 1.38, arithmetic mean of 82.57, and mean deviation of 1.13. The Stock received some media coverage during the period.
 Price Growth (%)  
Sale by Debashis Chatterjee of 1650 shares of Cognizant Tech...02/23/2018
Exercise or conversion by Steven Schwartz of 167 shares of C...03/16/2018