Quintiles IMS Backtesting

Quintiles IMS Holdings Inc -- USA Stock  

USD 101.82  1.21  1.17%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Quintiles IMS Holdings Inc and determine expected loss or profit from investing in Quintiles IMS over given investment horizon. Additionally take a look at Quintiles IMS Hype Analysis, Quintiles IMS Correlation, Quintiles IMS Valuation, Quintiles IMS Volatility as well as analyze Quintiles IMS Alpha and Beta and Quintiles IMS Performance
Investment Horizon     30 Days    Login   to change
SymbolX
Backtest

Quintiles IMS 'What if' Analysis

September 22, 2017
 0.00 
No Change 0.00  0.0%
In 30 days
October 22, 2017
 0.00 
If you would invest  0.00  in Quintiles IMS on September 22, 2017 and sell it all today you would earn a total of 0.00 from holding Quintiles IMS Holdings Inc or generate 0.0% return on investment in Quintiles IMS over 30 days. Quintiles IMS is related to or competes with Vertex Pharmaceuticals, Endo International, Abbott Laboratories, Allergan plc, and Bio Rad. Quintiles Transnational Holdings Incs Product Development segment offers project management and clinical monitoring serv...

Quintiles IMS Upside/Downside Indicators

  

Quintiles IMS Market Premium Indicators

Quintiles IMS Holdings lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Quintiles IMS regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Quintiles IMS Holdings Backtested Returns

Macroaxis considers Quintiles IMS not too risky given 1 month investment horizon. Quintiles IMS Holdings maintains Sharpe Ratio (i.e. Efficiency) of 0.6128 which implies Quintiles IMS Holdings had 0.6128% of return per unit of risk over the last 1 month. Our philosophy towards forecasting 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 Quintiles IMS Holdings which you can use to evaluate future volatility of the company. Please employ Quintiles IMS Holdings Coefficient Of Variation of 157.49 and Risk Adjusted Performance of 0.178 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Quintiles IMS holds performance score of 41. The organization holds Beta of 0.5264 which implies as returns on market increase, Quintiles IMS returns are expected to increase less than the market. However during bear market, the loss on holding Quintiles IMS will be expected to be smaller as well.. Although it is vital to follow to Quintiles IMS Holdings current trending patternss, it is good to be conservative about what you can actually do with the information regarding equity existing price patterns. The philosophy towards forecasting 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 analyzing Quintiles IMS Holdings technical indicators you can presently evaluate if the expected return of 0.4043% will be sustainable into the future. Please employ Quintiles IMS Holdings Coefficient Of Variation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Skewness to make a quick decision on weather Quintiles IMS historical price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.66 

Good predictability

Quintiles IMS Holdings Inc has good predictability. Overlapping area represents the amount of predictability between Quintiles IMS time series from September 22, 2017 to October 7, 2017 and October 7, 2017 to October 22, 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 Quintiles IMS Holdings price movement. The serial correlation of 0.66 indicates that around 66.0% of current Quintiles IMS price fluctuation can be explain by its past prices.
Correlation Coefficient 0.66
Spearman Rank Test 0.79
Price Variance 4.84
Lagged Price Variance 0.14

Quintiles IMS Lagged Returns

 Regressed Prices 
      Timeline 

Quintiles IMS Performance vs DOW

The median price of Quintiles IMS for the period between Fri, Sep 22, 2017 and Sun, Oct 22, 2017 is 95.7 with a coefficient of variation of 2.77. The daily time series for the period is distributed with a sample standard deviation of 2.69, arithmetic mean of 96.94, and mean deviation of 2.3. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Exercise of in-the-money or at-the-money derivative position...09/29/2017
2
2 Stocks to keep an eye on Today Quintiles IMS Holdings, Inc...10/20/2017