China Distance Backtesting

DL -- USA Stock  

USD 7.68  0.35  4.36%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of China Distance Education Holdings Limited and determine expected loss or profit from investing in China Distance over given investment horizon. Additionally see China Distance Hype Analysis, China Distance Correlation, China Distance Valuation, China Distance Volatility as well as analyze China Distance Alpha and Beta and China Distance Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

China Distance 'What if' Analysis

August 23, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 22, 2018
0.00
If you would invest  0.00  in China Distance on August 23, 2018 and sell it all today you would earn a total of 0.00 from holding China Distance Education Holdings Limited or generate 0.0% return on investment in China Distance over 30 days. China Distance is related to or competes with Franklin Covey, Four Seasons, Bridgepoint Education, China Online, New Oriental, and Graham Holdings. China Distance Education Holdings Limited provides online and offline education services, and sells related products in ...

China Distance Upside/Downside Indicators

Information Ratio0.22
Maximum Drawdown13.64
Value At Risk5.88
Potential Upside2.63
  

China Distance Market Premium Indicators

Risk Adjusted Performance0.06
Jensen Alpha0.52
Total Risk Alpha1.58
Treynor Ratio2.17

China Distance Educa Backtested Returns

Macroaxis considers China Distance to be moderately volatile. China Distance Educa secures Sharpe Ratio (or Efficiency) of -0.0867 which signifies that China Distance Educa had -0.0867% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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. China Distance Education Holdings Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm China Distance Educa Risk Adjusted Performance of 0.06 and Mean Deviation of 2.02 to double-check risk estimate we provide. Macroaxis gives China Distance performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.2224 which signifies that as returns on market increase, China Distance returns are expected to increase less than the market. However during bear market, the loss on holding China Distance will be expected to be smaller as well.. Even though it is essential to pay attention to China Distance Educa historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards 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. China Distance Education Holdings Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. China Distance Educa has expected return of -0.28%. Please be advised to confirm China Distance Educa Variance as well as the relationship between Maximum Drawdown and Semi Variance to decide if China Distance Educa past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.69) 

Very good reverse predictability

China Distance Education Holdings Limited has very good reverse predictability. Overlapping area represents the amount of predictability between China Distance time series from August 23, 2018 to September 7, 2018 and September 7, 2018 to September 22, 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 China Distance Educa price movement. The serial correlation of -0.69 indicates that around 69.0% of current China Distance price fluctuation can be explain by its past prices. Given that China Distance Education Holdings Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of China Distance for similar time interval.
Correlation Coefficient-0.69
Spearman Rank Test-0.54
Residual Average0.0
Price Variance0.62

China Distance Educa lagged returns against current returns

 Current and Lagged Values 
      Timeline 

China Distance regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

China Distance Lagged Returns

 Regressed Prices 
      Timeline 

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China Distance Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for China Distance and Franklin Covey Co. 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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Additionally see China Distance Hype Analysis, China Distance Correlation, China Distance Valuation, China Distance Volatility as well as analyze China Distance Alpha and Beta and China Distance Performance. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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