Eros International Plc Backtested Returns
Macroaxis considers Eros International to be relatively volatile. Eros International Plc
secures Sharpe Ratio (or Efficiency) of -0.1667 which denotes Eros International Plc
had -0.1667% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Eros International Plc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Eros International Plc Coefficient Of Variation
of (716.76) and Mean Deviation of 2.74 to check risk estimate we provide. Macroaxis gives Eros International performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.7803 which denotes to the fact that as returns on market increase, Eros International returns are expected to increase less than the market. However during bear market, the loss on holding Eros International will be expected to be smaller as well.. Even though it is essential to pay attention to Eros International Plc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Eros International Plc exposes twenty-one different technical indicators which can help you to evaluate its performance. Eros International Plc has expected return of -0.719%. Please be advised to confirm Eros International Plc Coefficient Of Variation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Skewness to decide if Eros International Plc past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.74) |
Almost perfect reverse predictability
Eros International Plc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Eros International 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 Eros International Plc price movement. The serial correlation of -0.74 indicates that around 74.0% of current Eros International price fluctuation can be explain by its past prices. Given that Eros International Plc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Eros International for similar time interval.
|Correlation Coefficient|| -0.74|
|Spearman Rank Test|| -0.25|
|Price Variance|| 0.93|
|Lagged Price Variance|| 0.12|
Eros International Lagged Returns