eHi Car Backtesting

eHi Car Services Limited -- USA Stock  

USD 11.19  0.1  0.9%

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

eHi Car 'What if' Analysis

November 11, 2017
No Change 0.00  0.0%
In 30 days
December 11, 2017
If you would invest  0.00  in eHi Car on November 11, 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 

eHi Car regressed lagged prices vs. current prices

 Current vs Lagged Prices 

eHi Car Services Backtested Returns

We consider eHi Car not very volatile. eHi Car Services shows Sharpe Ratio of 0.0736 which attests that eHi Car Services had 0.0736% 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. We have found twenty-one technical indicators for eHi Car Services which you can use to evaluate future volatility of the organization. Please check out eHi Car Services Market Risk Adjusted Performance of (0.002265), Mean Deviation of 1.57 and Downside Deviation of 1.69 to validate if risk estimate we provide are consistent with the epected return of 0.1829%. eHi Car has performance score of 4 on a scale of 0 to 100. The firm maintains market beta of -0.0564 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 extremely important to respect eHi Car Services historical price patterns, it is better to be realistic regarding the information on 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. By examining eHi Car Services technical indicators you can presently evaluate if the expected return of 0.1829% will be sustainable into the future. eHi Car Services right now maintains a risk of 2.4834%. Please check out eHi Car Services Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to decide if eHi Car Services will be following its historical returns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.37) 

Poor reverse predictability

eHi Car Services Limited has poor reverse predictability. Overlapping area represents the amount of predictability between eHi Car time series from November 11, 2017 to November 26, 2017 and November 26, 2017 to December 11, 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 -0.37 indicates that just about 37.0% of current eHi Car price fluctuation can be explain by its past prices. Given that eHi Car Services Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of eHi Car for similar time interval.
Correlation Coefficient -0.37
Spearman Rank Test -0.56
Price Variance 0.12
Lagged Price Variance 0.23

eHi Car Lagged Returns

 Regressed Prices 

eHi Car Performance vs DOW

The median price of eHi Car for the period between Sat, Nov 11, 2017 and Mon, Dec 11, 2017 is 11.09 with a coefficient of variation of 3.81. The daily time series for the period is distributed with a sample standard deviation of 0.42, arithmetic mean of 11.13, and mean deviation of 0.33. The Stock received some media coverage during the period.
Price Growth (%)  
Bowen Hanes and Co Raised Allegheny Tech Stake By 765850 Ehi...11/27/2017