Kingtone Wirelessinfo Backtesting

KONE -- USA Stock  

USD 8.82  0.18  2.08%

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

Kingtone Wirelessinfo 'What if' Analysis

May 23, 2018
0.00
No Change 0.00  0.0%
In 30 days
June 22, 2018
0.00
If you would invest  0.00  in Kingtone Wirelessinfo on May 23, 2018 and sell it all today you would earn a total of 0.00 from holding Kingtone Wirelessinfo Solution Holding Ltd or generate 0.0% return on investment in Kingtone Wirelessinfo over 30 days. Kingtone Wirelessinfo is related to or competes with Fiserv, Amdocs, Red Hat, , ManTech International, and MIND CTI. Kingtone Wirelessinfo Solution Holding Ltd develops and provides mobile enterprise solutions in the Peoples Republic of ...

Kingtone Wirelessinfo Upside/Downside Indicators

Downside Deviation3.12
Information Ratio0.2917
Maximum Drawdown15.82
Value At Risk3.53
Potential Upside6.61
  

Kingtone Wirelessinfo Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.3173

Kingtone Wirelessinfo Backtested Returns

Macroaxis considers Kingtone Wirelessinfo relatively risky given 1 month investment horizon. Kingtone Wirelessinfo has Sharpe Ratio of 0.2007 which conveys that Kingtone Wirelessinfo had 0.2007% of return per unit of risk over the last 1 month. Our philosophy towards estimating volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By analyzing Kingtone Wirelessinfo technical indicators you can presently evaluate if the expected return of 0.5637% is justified by implied risk. Please exercise Kingtone Wirelessinfo Solution Holding Ltd Downside Deviation of 3.12, Mean Deviation of 2.47 and Risk Adjusted Performance of 0.01 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Kingtone Wirelessinfo holds performance score of 13. The company secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and Kingtone Wirelessinfo are completely uncorrelated. Although it is vital to follow to Kingtone Wirelessinfo price patterns, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns. The philosophy towards estimating 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 Kingtone Wirelessinfo which you can use to evaluate performance of the firm. Please exercises Kingtone Wirelessinfo Solution Holding Ltd Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to make a quick decision on weather Kingtone Wirelessinfo current price movements will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.55) 

Good reverse predictability

Kingtone Wirelessinfo Solution Holding Ltd has good reverse predictability. Overlapping area represents the amount of predictability between Kingtone Wirelessinfo time series from May 23, 2018 to June 7, 2018 and June 7, 2018 to June 22, 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 Kingtone Wirelessinfo price movement. The serial correlation of -0.55 indicates that about 55.0% of current Kingtone Wirelessinfo price fluctuation can be explain by its past prices. Given that Kingtone Wirelessinfo Solution Holding Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Kingtone Wirelessinfo for similar time interval.
Correlation Coefficient -0.55
Spearman Rank Test -0.13
Price Variance 0.18
Lagged Price Variance 0.01

Kingtone Wirelessinfo lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Kingtone Wirelessinfo regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Kingtone Wirelessinfo Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - KONE

Kingtone Wirelessinfo Investor Sentiment
Most of Macroaxis users are now bullish on Kingtone Wirelessinfo Solution Holding Ltd. What is your trading attitude regarding investing in Kingtone Wirelessinfo Solution Holding Ltd? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
Skip

Generate Optimal Portfolios

Align your risk and return expectations
Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please see also Kingtone Wirelessinfo Hype Analysis, Kingtone Wirelessinfo Correlation, Kingtone Wirelessinfo Valuation, Kingtone Wirelessinfo Volatility as well as analyze Kingtone Wirelessinfo Alpha and Beta and Kingtone Wirelessinfo Performance. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.