China Distance Backtesting

China Distance Education Holdings Limited -- USA Stock  

USD 9.64  0.04  0.42%

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
Investment Horizon     30 Days    Login   to change

China Distance 'What if' Analysis

November 12, 2017
No Change 0.00  0.0%
In 31 days
December 12, 2017
If you would invest  0.00  in China Distance on November 12, 2017 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 offers online professional education services in the accounting healthcare and...

China Distance Upside/Downside Indicators


China Distance Market Premium Indicators

China Distance Educa lagged returns against current returns

 Current and Lagged Values 

China Distance regressed lagged prices vs. current prices

 Current vs Lagged Prices 

China Distance Educa Backtested Returns

Macroaxis considers China Distance moderately volatile given 1 month investment horizon. China Distance Educa secures Sharpe Ratio (or Efficiency) of 0.2888 which signifies that China Distance Educa had 0.2888% 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. By analyzing China Distance Educa technical indicators you can presently evaluate if the expected return of 0.906% is justified by implied risk. Please makes use of China Distance Educa Downside Deviation of 1.47, Risk Adjusted Performance of 0.1075 and Mean Deviation of 1.86 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 China Distance holds performance score of 19. The firm shows Beta (market volatility) of 1.2413 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, China Distance will likely underperform.. Although it is vital to follow to China Distance Educa historical returns, it is good to be conservative about what you can actually do with the information regarding 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. We have found twenty-one technical indicators for China Distance Education Holdings Limited which you can use to evaluate performance of the firm. Please makes use of China Distance Educa Variance as well as the relationship between Maximum Drawdown and Semi Variance to make a quick decision on weather China Distance price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.68) 

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 November 12, 2017 to November 27, 2017 and November 27, 2017 to December 12, 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 China Distance Educa price movement. The serial correlation of -0.68 indicates that around 68.0% 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 -0.68
Spearman Rank Test -0.76
Price Variance 0.23
Lagged Price Variance 0.01

China Distance Lagged Returns

 Regressed Prices 

China Distance Performance vs DOW

The median price of China Distance for the period between Sun, Nov 12, 2017 and Tue, Dec 12, 2017 is 8.31 with a coefficient of variation of 6.98. The daily time series for the period is distributed with a sample standard deviation of 0.59, arithmetic mean of 8.42, and mean deviation of 0.51. The Stock received some media coverage during the period.
Price Growth (%)  
Dial Corp Q2 2017 Sentiment12/06/2017