UTStarcom Holdings Backtesting

UTStarcom Holdings Corp -- USA Stock  

USD 5.07  0.03  0.59%

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

February 18, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 19, 2018
0.00
If you would invest  0.00  in UTStarcom Holdings on February 18, 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 60 days. UTStarcom Holdings is related to or competes with Sprint, , Verizon Communications, CenturyLink, Frontier Communications, and TELEPHONE +. UTStarcom Holdings Corp., together with its subsidiaries, operates as a telecom infrastructure provider to develop techn...

UTStarcom Holdings Upside/Downside Indicators

Information Ratio0.042443
Maximum Drawdown13.97
Value At Risk3.33
Potential Upside2.52
  

UTStarcom Holdings Market Premium Indicators

Risk Adjusted Performance0.083593
Jensen Alpha0.13
Total Risk Alpha0.090526
Treynor Ratio0.97

UTStarcom Holdings Corp Backtested Returns

Macroaxis considers UTStarcom Holdings to be unusually risky. UTStarcom Holdings Corp owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0717 which indicates UTStarcom Holdings Corp had -0.0717% of return per unit of standard deviation over the last 2 months. 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-eight 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 0.083593 and Coefficient Of Variation of 1,949 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 0.1416 which indicates as returns on market increase, UTStarcom Holdings returns are expected to increase less than the market. However during bear market, the loss on holding UTStarcom Holdings will be expected to be smaller as well.. 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-eight different technical indicators which can help you to evaluate its performance. UTStarcom Holdings Corp has expected return of -0.1792%. Please be advised to validate UTStarcom Holdings Downside Variance as well as the relationship between Accumulation Distribution and Market Facilitation Index to decide if UTStarcom Holdings Corp past performance will be repeated at some future point.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.09 

Virtually no predictability

UTStarcom Holdings Corp has virtually no predictability. Overlapping area represents the amount of predictability between UTStarcom Holdings time series from February 18, 2018 to March 20, 2018 and March 20, 2018 to April 19, 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 0.09 indicates that less than 9.0% of current UTStarcom Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient 0.09
Spearman Rank Test 0.04
Price Variance 0.03
Lagged Price Variance 0.03

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 
      Timeline 

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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 Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.