eHi Car Backtesting

eHi Car Services Limited -- USA Stock  

USD 10.94  0.33  2.93%

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

eHi Car 'What if' Analysis

September 22, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
October 22, 2017
 0.00 
If you would invest  0.00  in eHi Car on September 22, 2017 and sell it all today you would earn a total of 0.00 from holding eHi Car Services Limited or generate 0.0% return on investment in eHi Car over 30 days. eHi Car is related to or competes with Avis Budget, Hertz Global, Ford Motor, AutoNation, and GM. It offers selfdrive car rental services car services, including airport pickup and dropoff, interoffice transfers, and o...

eHi Car Upside/Downside Indicators

  

eHi Car Market Premium Indicators

eHi Car Services lagged returns against current returns

 Current and Lagged Values 
      Timeline 

eHi Car regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

eHi Car Services Backtested Returns

Macroaxis considers eHi Car risky given 1 month investment horizon. eHi Car Services shows Sharpe Ratio of 0.151 which attests that eHi Car Services had 0.151% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By examining eHi Car Services technical indicators you can presently evaluate if the expected return of 0.7198% is justified by implied risk. Please utilize eHi Car Services Market Risk Adjusted Performance of (23.89), Mean Deviation of 2.89 and Downside Deviation of 2.65 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 eHi Car holds performance score of 10. The firm maintains market beta of -0.0293 which attests that as returns on market increase, returns on owning eHi Car are expected to decrease at a much smaller rate. During bear market, eHi Car is likely to outperform the market.. Although it is vital to follow to eHi Car Services historical price patterns, it is good to be conservative about what you can actually do with the information regarding equity current price history. The philosophy towards determining 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 eHi Car Services which you can use to evaluate performance of the organization. Please utilizes eHi Car Services Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to make a quick decision on weather eHi Car Services Limited historical returns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.09 

Virtually no predictability

eHi Car Services Limited has virtually no predictability. Overlapping area represents the amount of predictability between eHi Car time series from September 22, 2017 to October 7, 2017 and October 7, 2017 to October 22, 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 eHi Car Services price movement. The serial correlation of 0.09 indicates that less than 9.0% of current eHi Car price fluctuation can be explain by its past prices.
Correlation Coefficient 0.09
Spearman Rank Test -0.13
Price Variance 0.15
Lagged Price Variance 0.03

eHi Car Lagged Returns

 Regressed Prices 
      Timeline 

eHi Car Performance vs DOW

The median price of eHi Car for the period between Fri, Sep 22, 2017 and Sun, Oct 22, 2017 is 10.86 with a coefficient of variation of 8.14. The daily time series for the period is distributed with a sample standard deviation of 0.86, arithmetic mean of 10.51, and mean deviation of 0.79. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
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Could Ehi Car Services Limited Skyrocket The Stock Had Too L...10/20/2017