IPC (Mexico) Backtesting

MXX -- Mexico Index  

 43,559  541.99  1.26%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of IPC and determine expected loss or profit from investing in IPC over given investment horizon. See also IPC Hype Analysis, IPC Correlation, Portfolio Optimization, IPC Volatility as well as analyze IPC Alpha and Beta and IPC Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

IPC 'What if' Analysis

June 24, 2019
0.00
No Change 0.00  0.0%
In 3 months and 1 day
September 22, 2019
0.00
If you would invest  0.00  in IPC on June 24, 2019 and sell it all today you would earn a total of 0.00 from holding IPC or generate 0.0% return on investment in IPC over 90 days.

IPC Upside/Downside Indicators

Downside Deviation0.9565
Information Ratio(0.023852)
Maximum Drawdown4.04
Value At Risk(1.77)
Potential Upside1.63

IPC Market Premium Indicators

Risk Adjusted Performance0.0059
Total Risk Alpha(0.023998)
Sortino Ratio(0.023844)

IPC Backtested Returns

IPC retains Efficiency (Sharpe Ratio) of -0.002 which attests that the entity had -0.002% of return per unit of return volatility over the last 3 months. Macroaxis approach to determining risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. IPC exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. The index owns Beta (Systematic Risk) of 0.0 which attests that the returns on MARKET and IPC are completely uncorrelated. Even though it is essential to pay attention to IPC existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis approach to determining future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. IPC exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.89) 
correlation synergy

Excellent reverse predictability

IPC has excellent reverse predictability. Overlapping area represents the amount of predictability between IPC time series from June 24, 2019 to August 8, 2019 and August 8, 2019 to September 22, 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 IPC price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current IPC price fluctuation can be explain by its past prices. Given that IPC has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of IPC for similar time interval.
Correlation Coefficient-0.89
Spearman Rank Test-0.87
Residual Average0.0
Price Variance2424455.78

IPC lagged returns against current returns

 Current and Lagged Values 
      Timeline 

IPC regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

IPC Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - MXX

IPC Investor Sentiment

Most of Macroaxis investors are at this time bullish on IPC. What is your judgment towards investing in Mexico companies? Are you bullish or bearish on IPC?
Bullish
Bearish
98% Bullish
2% Bearish
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See also IPC Hype Analysis, IPC Correlation, Portfolio Optimization, IPC Volatility as well as analyze IPC Alpha and Beta and IPC Performance. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.
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