Vedanta Limited (India) Backtesting

Vedanta Limited -- India Stock  

INR 291.35  0.15  0.0515%

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

Vedanta Limited 'What if' Analysis

November 11, 2017
No Change 0.00  0.0%
In 31 days
December 11, 2017
If you would invest  0.00  in Vedanta Limited on November 11, 2017 and sell it all today you would earn a total of 0.00 from holding Vedanta Limited or generate 0.0% return on investment in Vedanta Limited over 30 days. Vedanta Limited is related to or competes with PBA Infrastructure, Repco Home, Rural Electrification, Capital First, Value Industries, and Malu Paper. VEDANTA LIMITED INR1 produces oil and gas, zinc, lead, silver, copper, iron ore, and aluminum

Vedanta Limited Upside/Downside Indicators


Vedanta Limited Market Premium Indicators

Vedanta Limited lagged returns against current returns

 Current and Lagged Values 

Vedanta Limited regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Vedanta Limited Backtested Returns

Macroaxis considers Vedanta Limited to be not too risky. Vedanta Limited owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2045 which indicates Vedanta Limited had -0.2045% of return per unit of risk 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. Vedanta Limited exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Vedanta Limited Coefficient Of Variation of (378.39) and Risk Adjusted Performance of (0.13) to confirm risk estimate we provide. Macroaxis gives Vedanta Limited performance score of 0 on a scale of 0 to 100. The entity has beta of 0.1886 which indicates as returns on market increase, Vedanta Limited returns are expected to increase less than the market. However during bear market, the loss on holding Vedanta Limited will be expected to be smaller as well.. Even though it is essential to pay attention to Vedanta Limited 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. Vedanta Limited exposes twenty-eight different technical indicators which can help you to evaluate its performance. Vedanta Limited has expected return of -0.3522%. Please be advised to validate Vedanta Limited Information Ratio, Total Risk Alpha and the relationship between Coefficient Of Variation and Jensen Alpha to decide if Vedanta Limited past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.12) 

Insignificant reverse predictability

Vedanta Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Vedanta Limited time series from November 11, 2017 to November 26, 2017 and November 26, 2017 to December 11, 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 Vedanta Limited price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Vedanta Limited price fluctuation can be explain by its past prices. Given that Vedanta Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Vedanta Limited for similar time interval.
Correlation Coefficient -0.12
Spearman Rank Test -0.07
Price Variance 48.37
Lagged Price Variance 28.75

Vedanta Limited Lagged Returns

 Regressed Prices 

Vedanta Limited Performance vs BSE

The median price of Vedanta Limited for the period between Sat, Nov 11, 2017 and Mon, Dec 11, 2017 is 305.25 with a coefficient of variation of 3.98. The daily time series for the period is distributed with a sample standard deviation of 12.04, arithmetic mean of 302.47, and mean deviation of 10.02. The Stock received some media coverage during the period.
Price Growth (%)  
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