UTStarcom Holdings Backtesting

UTStarcom Holdings Corp -- USA Stock  

USD 3.11  0.05  1.63%

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

UTStarcom Holdings 'What if' Analysis

September 23, 2017
No Change 0.00  0.0%
In 30 days
October 23, 2017
If you would invest  0.00  in UTStarcom Holdings on September 23, 2017 and sell it all today you would earn a total of 0.00 from holding UTStarcom Holdings Corp or generate 0.0% return on investment in UTStarcom Holdings over 30 days. UTStarcom Holdings is related to or competes with Sprint, ATT, Verizon Communications, CenturyLink, and Frontier Communications. UTStarcom Holdings Corp offers broadband packet optical transport and wirelessfixedline access solutions and solutions

UTStarcom Holdings Upside/Downside Indicators


UTStarcom Holdings Market Premium Indicators

UTStarcom Holdings Corp lagged returns against current returns

 Current and Lagged Values 

UTStarcom Holdings regressed lagged prices vs. current prices

 Current vs Lagged Prices 

UTStarcom Holdings Corp Backtested Returns

UTStarcom Holdings is extremely risky given 1 month investment horizon. UTStarcom Holdings Corp owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.6193 which indicates UTStarcom Holdings Corp had 0.6193% of return per unit of standard deviation over the last 1 month. Our philosophy towards measuring risk of a stock is to use both market data as well as company specific technical data. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 1.572% are justified by taking the suggested risk. Use UTStarcom Holdings Corp Risk Adjusted Performance of 0.157 and Coefficient Of Variation of 183.15 to evaluate company specific risk that cannot be diversified away. UTStarcom Holdings holds performance score of 42 on a scale of zero to a hundred. The entity has beta of -1.7948 which indicates as returns on market increase, returns on owning UTStarcom Holdings are expected to decrease by larger amounts. On the other hand, during market turmoil, UTStarcom Holdings is expected to significantly outperform it.. Although it is essential to pay attention to UTStarcom Holdings Corp current price movements, it is also good to be reasonable about what you can actually do with equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if UTStarcom Holdings Corp expected return of 1.572 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable. Use UTStarcom Holdings Corp Jensen Alpha and Downside Variance to analyze future returns on UTStarcom Holdings Corp.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.82 

Very good predictability

UTStarcom Holdings Corp has very good predictability. Overlapping area represents the amount of predictability between UTStarcom Holdings time series from September 23, 2017 to October 8, 2017 and October 8, 2017 to October 23, 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 UTStarcom Holdings Corp price movement. The serial correlation of 0.82 indicates that around 82.0% of current UTStarcom Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient 0.82
Spearman Rank Test 0.87
Price Variance 0.01
Lagged Price Variance 0.01

UTStarcom Holdings Lagged Returns

 Regressed Prices 

UTStarcom Holdings Performance vs DOW

The median price of UTStarcom Holdings for the period between Sat, Sep 23, 2017 and Mon, Oct 23, 2017 is 2.6 with a coefficient of variation of 11.98. The daily time series for the period is distributed with a sample standard deviation of 0.32, arithmetic mean of 2.66, and mean deviation of 0.29. The Stock received some media coverage during the period.
Price Growth (%)  
UTStarcom Holdings Corp Rating Increased to Buy at Zacks Inv...10/20/2017