Gartner Backtesting

IT -- USA Stock  

USD 154.05  0.86  0.56%

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

Gartner 'What if' Analysis

August 21, 2018
No Change 0.00  0.0%
In 31 days
September 20, 2018
If you would invest  0.00  in Gartner on August 21, 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 30 days. Gartner is related to or competes with Digimarc, Edgewater Technology, EPAM Systems, Accenture plc, CDW, and Computer Task. It operates through four segments Research, Consulting, Events, and Talent Assessment Other

Gartner Upside/Downside Indicators

Downside Deviation0.9916
Information Ratio0.196
Maximum Drawdown3.49
Value At Risk0.79
Potential Upside1.53

Gartner Market Premium Indicators

Risk Adjusted Performance0.1297
Jensen Alpha0.2882
Total Risk Alpha0.0597
Sortino Ratio0.17
Treynor Ratio0.88

Gartner Backtested Returns

Macroaxis considers Gartner not too risky given 1 month investment horizon. Gartner holds Efficiency (Sharpe) Ratio of 0.3208 which attests that Gartner had 0.3208% 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 stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Gartner which you can use to evaluate future volatility of the corporation. Please utilize Gartner Downside Deviation of 0.9916, Market Risk Adjusted Performance of 0.87 and Risk Adjusted Performance of 0.1297 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Gartner holds performance score of 21. The company retains Market Volatility (i.e. Beta) of -0.2949 which attests that as returns on market increase, returns on owning Gartner are expected to decrease at a much smaller rate. During bear market, Gartner is likely to outperform the market.. Although it is vital to follow to Gartner current price history, it is good to be conservative about what you can actually do with the information regarding equity current price movements. 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 evaluating Gartner technical indicators you can presently evaluate if the expected return of 0.2694% will be sustainable into the future. Please utilizes Gartner Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to make a quick decision on weather Gartner current trending patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.26 

Poor predictability

Gartner has poor predictability. Overlapping area represents the amount of predictability between Gartner time series from August 21, 2018 to September 5, 2018 and September 5, 2018 to September 20, 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 0.26 indicates that nearly 26.0% of current Gartner price fluctuation can be explain by its past prices.
Correlation Coefficient0.26
Spearman Rank Test0.22
Residual Average0.0
Price Variance2.72

Gartner lagged returns against current returns

 Current and Lagged Values 

Gartner regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Gartner Lagged Returns

 Regressed Prices 

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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 World Markets Correlation module to find global opportunities by holding instruments from different markets.