Gartner Backtesting

IT -- USA Stock  

USD 143.90  4.00  2.70%

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

Gartner 'What if' Analysis

October 10, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 9, 2018
0.00
If you would invest  0.00  in Gartner on October 10, 2018 and sell it all today you would earn a total of 0.00 from holding Gartner or generate 0.0% return on investment in Gartner over 60 days. Gartner is related to or competes with Digimarc, EPAM Systems, Accenture plc, CDW, Computer Task, and DXC Technology. It operates through four segments Research, Consulting, Events, and Talent Assessment Other

Gartner Upside/Downside Indicators

Information Ratio0.0132
Maximum Drawdown7.54
Value At Risk(3.05)
Potential Upside2.77
  

Gartner Market Premium Indicators

Risk Adjusted Performance(0.11)
Jensen Alpha0.0164
Total Risk Alpha0.0808
Treynor Ratio(0.17)

Gartner Backtested Returns

Macroaxis considers Gartner to be not too risky. Gartner holds Efficiency (Sharpe) Ratio of -0.0173 which attests that Gartner had -0.0173% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining 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. Gartner exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Gartner Market Risk Adjusted Performance of (0.16) and Risk Adjusted Performance of (0.11) to validate risk estimate we provide. Macroaxis gives Gartner performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.9585 which attests that Gartner returns are very sensitive to returns on the market. as market goes up or down, Gartner is expected to follow.. Even though it is essential to pay attention to Gartner current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining 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. Gartner exposes twenty-one different technical indicators which can help you to evaluate its performance. Gartner has expected return of -0.0304%. Please be advised to check out Gartner Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if Gartner past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.31) 
correlation synergy

Poor reverse predictability

Gartner has poor reverse predictability. Overlapping area represents the amount of predictability between Gartner time series from October 10, 2018 to November 9, 2018 and November 9, 2018 to December 9, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gartner price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Gartner price fluctuation can be explain by its past prices. Given that Gartner has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Gartner for similar time interval.
Correlation Coefficient-0.31
Spearman Rank Test-0.32
Residual Average0.0
Price Variance11.45

Gartner lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Gartner regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Gartner Lagged Returns

 Regressed Prices 
      Timeline 

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Please also check Gartner Hype Analysis, Gartner Correlation, Gartner Valuation, Gartner Volatility as well as analyze Gartner Alpha and Beta and Gartner Performance. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.
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