China Distance Backtesting

China Distance Education Holdings Limited -- USA Stock  

USD 7.72  0.15  1.91%

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

September 18, 2017
No Change 0.00  0.0%
In 31 days
October 18, 2017
If you would invest  0.00  in China Distance on September 18, 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 relatively volatile given 1 month investment horizon. China Distance Educa secures Sharpe Ratio (or Efficiency) of 0.1635 which signifies that China Distance Educa had 0.1635% 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 0.5397% is justified by implied risk. Please makes use of China Distance Educa Downside Deviation of 2.55, Risk Adjusted Performance of 0.0508 and Mean Deviation of 2.39 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 11. The firm shows Beta (market volatility) of 0.0368 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 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 patternss. 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(0.22) 

Weak reverse predictability

China Distance Education Holdings Limited has weak reverse predictability. Overlapping area represents the amount of predictability between China Distance time series from September 18, 2017 to October 3, 2017 and October 3, 2017 to October 18, 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 -0.22 indicates that over 22.0% 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 -0.22
Spearman Rank Test -0.79
Price Variance 0.38
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 Mon, Sep 18, 2017 and Wed, Oct 18, 2017 is 6.92 with a coefficient of variation of 9.1. The daily time series for the period is distributed with a sample standard deviation of 0.66, arithmetic mean of 7.3, and mean deviation of 0.6. The Stock received some media coverage during the period.
Price Growth (%)  
Robert W. Baird Keeps a Buy Rating on Align Tech and 208.0 T...10/18/2017