China Distance Backtesting

China Distance Education Holdings Limited -- USA Stock  

USD 9.39  0.27  2.79%

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
 Time Horizon     30 Days    Login   to change
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China Distance 'What if' Analysis

January 25, 2018
0.00
No Change 0.00  0.0%
In 31 days
February 24, 2018
0.00
If you would invest  0.00  in China Distance on January 25, 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 New Oriental, Graham Holdings, Hailiang Education, TAL Education, and Adtalem Global. China Distance Education Holdings Limited provides online and offline education services, and sells related products in ...

China Distance Upside/Downside Indicators

  

China Distance Market Premium Indicators

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 Educa Backtested Returns

We consider China Distance not very volatile. China Distance Educa secures Sharpe Ratio (or Efficiency) of 0.0502 which signifies that China Distance Educa had 0.0502% 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 China Distance Education Holdings Limited which you can use to evaluate future volatility of the firm. Please confirm China Distance Educa Downside Deviation of 1.57, Risk Adjusted Performance of 0.1518 and Mean Deviation of 1.4 to double-check if risk estimate we provide are consistent with the epected return of 0.0974%. China Distance has performance score of 3 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0054 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.. Although it is extremely important to respect China Distance Educa 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 China Distance Educa technical indicators you can presently evaluate if the expected return of 0.0974% will be sustainable into the future. China Distance Educa right now shows a risk of 1.9414%. Please confirm China Distance Educa Variance as well as the relationship between Maximum Drawdown and Semi Variance to decide if China Distance Educa will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.51) 

Good reverse predictability

China Distance Education Holdings Limited has good reverse predictability. Overlapping area represents the amount of predictability between China Distance time series from January 25, 2018 to February 9, 2018 and February 9, 2018 to February 24, 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 -0.51 indicates that about 51.0% 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 -0.51
Spearman Rank Test -0.38
Price Variance 0.02
Lagged Price Variance 0.02

China Distance Lagged Returns

 Regressed Prices 
      Timeline 

China Distance Performance vs DOW

The median price of China Distance for the period between Thu, Jan 25, 2018 and Sat, Feb 24, 2018 is 9.43 with a coefficient of variation of 1.96. The daily time series for the period is distributed with a sample standard deviation of 0.18, arithmetic mean of 9.44, and mean deviation of 0.14. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
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