UTStarcom Holdings Backtesting

UTSI -- USA Stock  

USD 4.00  0.02  0.50%

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.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

UTStarcom Holdings 'What if' Analysis

June 16, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 16, 2018
0.00
If you would invest  0.00  in UTStarcom Holdings on June 16, 2018 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 ATT, Verizon Communications, Telephone, Zayo Group, Level 3, and Liberty Broadband. UTStarcom Holdings Corp., together with its subsidiaries, operates as a telecom infrastructure provider to develop techn...

UTStarcom Holdings Upside/Downside Indicators

Information Ratio0.38
Maximum Drawdown5.71
Value At Risk2.68
Potential Upside1.75
  

UTStarcom Holdings Market Premium Indicators

Risk Adjusted Performance0.16
Jensen Alpha0.47
Total Risk Alpha0.80
Treynor Ratio3.49

UTStarcom Holdings Corp Backtested Returns

Macroaxis considers UTStarcom Holdings to be relatively risky. UTStarcom Holdings Corp owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1799 which indicates UTStarcom Holdings Corp had -0.1799% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. UTStarcom Holdings Corp exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate UTStarcom Holdings Risk Adjusted Performance of 0.16 and Coefficient Of Variation of 332.01 to confirm risk estimate we provide. Macroaxis gives UTStarcom Holdings performance score of 0 on a scale of 0 to 100. The entity has beta of -0.1382 which indicates as returns on market increase, returns on owning UTStarcom Holdings are expected to decrease at a much smaller rate. During bear market, UTStarcom Holdings is likely to outperform the market.. Even though it is essential to pay attention to UTStarcom Holdings Corp current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. UTStarcom Holdings Corp exposes twenty-one different technical indicators which can help you to evaluate its performance. UTStarcom Holdings Corp has expected return of -0.2686%. Please be advised to validate UTStarcom Holdings Jensen Alpha and Downside Variance to decide if UTStarcom Holdings Corp past performance will be repeated at some future point.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.16) 

Insignificant reverse predictability

UTStarcom Holdings Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between UTStarcom Holdings time series from June 16, 2018 to July 1, 2018 and July 1, 2018 to July 16, 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 UTStarcom Holdings Corp price movement. The serial correlation of -0.16 indicates that over 16.0% of current UTStarcom Holdings price fluctuation can be explain by its past prices. Given that UTStarcom Holdings Corp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of UTStarcom Holdings for similar time interval.
Correlation Coefficient -0.16
Spearman Rank Test -0.49
Average Price 4.01
Lagged Average Price 4.1

UTStarcom Holdings Corp lagged returns against current returns

 Current and Lagged Values 
      Timeline 

UTStarcom Holdings regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

UTStarcom Holdings Lagged Returns

 Regressed Prices 
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Current Sentiment - UTSI

UTStarcom Holdings Corp Investor Sentiment
Most of Macroaxis users are at this time bullish on UTStarcom Holdings Corp. What is your outlook on investing in UTStarcom Holdings Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.