Dr Reddys Backtesting

RDY -- USA Stock  

USD 38.71  0.80  2.11%

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

Dr Reddys 'What if' Analysis

July 20, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
October 18, 2019
0.00
If you would invest  0.00  in Dr Reddys on July 20, 2019 and sell it all today you would earn a total of 0.00 from holding Dr Reddys Laboratories Ltd or generate 0.0% return on investment in Dr Reddys over 90 days. Dr Reddys is related to or competes with Vertex Pharmaceuticals, Zoetis, Regeneron Pharmaceuticals, Perrigo Company, and Origin Agritech. Reddys Laboratories Limited operates as an integrated pharmaceutical company worldwide

Dr Reddys Upside/Downside Indicators

Information Ratio(0.0037)
Maximum Drawdown7.44
Value At Risk(2.49)
Potential Upside2.22

Dr Reddys Market Premium Indicators

Risk Adjusted Performance(0.004602)
Jensen Alpha(0.014339)
Total Risk Alpha0.0023
Treynor Ratio(0.048816)

Dr Reddys Laboratories Backtested Returns

We consider Dr Reddys very steady. Dr Reddys Laboratories retains Efficiency (Sharpe Ratio) of 0.0248 which denotes the organization had 0.0248% of return per unit of price deviation over the last 3 months. Our way of predicting 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-eight technical indicators for Dr Reddys which you can use to evaluate future volatility of the firm. Please confirm Dr Reddys Laboratories Ltd Standard Deviation of 1.42 and Market Risk Adjusted Performance of (0.038816) to check if risk estimate we provide are consistent with the epected return of 0.036%. Dr Reddys has performance score of 1 on a scale of 0 to 100. The firm owns Beta (Systematic Risk) of 0.4392 which denotes to the fact that as returns on market increase, Dr Reddys returns are expected to increase less than the market. However during bear market, the loss on holding Dr Reddys will be expected to be smaller as well. Although it is extremely important to respect Dr Reddys Laboratories existing price patterns, it is better to be realistic regarding the information on equity price patterns. The way of predicting 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 reviewing Dr Reddys Laboratories technical indicators you can right now evaluate if the expected return of 0.036% will be sustainable into the future. Dr Reddys Laboratories at this time owns a risk of 1.4523%. Please confirm Dr Reddys Laboratories Ltd Value At Risk, and the relationship between Information Ratio and Kurtosis to decide if Dr Reddys Laboratories Ltd will be following its current price history.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.03) 
correlation synergy

Very weak reverse predictability

Dr Reddys Laboratories Ltd has very weak reverse predictability. Overlapping area represents the amount of predictability between Dr Reddys time series from July 20, 2019 to September 3, 2019 and September 3, 2019 to October 18, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dr Reddys Laboratories price movement. The serial correlation of -0.03 indicates that only 3.0% of current Dr Reddys price fluctuation can be explain by its past prices. Given that Dr Reddys Laboratories Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Dr Reddys for similar time interval.
Correlation Coefficient-0.03
Spearman Rank Test0.29
Residual Average0.0
Price Variance0.81

Dr Reddys Laboratories lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Dr Reddys regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Dr Reddys Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - RDY

Dr Reddys Laboratories Investor Sentiment

Greater number of Macroaxis users are at this time bullish on Dr Reddys Laboratories Ltd. What is your opinion about investing in Dr Reddys Laboratories Ltd? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally take a look at Dr Reddys Hype Analysis, Dr Reddys Correlation, Dr Reddys Valuation, Dr Reddys Volatility as well as analyze Dr Reddys Alpha and Beta and Dr Reddys Performance. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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