OSE All (Norway) Backtesting

OSEAX -- Norway Index  

 980.92  7.02  0.72%

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

OSE All 'What if' Analysis

March 25, 2019
0.00
No Change 0.00  0.0%
In 2 months and 1 day
May 24, 2019
0.00
If you would invest  0.00  in OSE All on March 25, 2019 and sell it all today you would earn a total of 0.00 from holding OSE All or generate 0.0% return on investment in OSE All over 60 days.

OSE All Upside/Downside Indicators

Information Ratio(0.08)
Maximum Drawdown2.06
Value At Risk(1.03)
Potential Upside0.9453

OSE All Market Premium Indicators

Risk Adjusted Performance(0.05)
Total Risk Alpha(0.06)

OSE All Backtested Returns

OSE All maintains Sharpe Ratio (i.e. Efficiency) of 0.0153 which implies the entity had 0.0153% of return per unit of risk over the last 2 months. Our philosophy in forecasting volatility of an index is to use all available market data together with index specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for OSE All which you can use to evaluate future volatility of the index. The index holds Beta of 0.0 which implies the returns on MARKET and OSE All are completely uncorrelated. Although it is extremely important to respect OSE All current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy in forecasting future performance of any index is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting OSE All technical indicators you can now evaluate if the expected return of 0.0112% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.57) 
correlation synergy

Good reverse predictability

OSE All has good reverse predictability. Overlapping area represents the amount of predictability between OSE All time series from March 25, 2019 to April 24, 2019 and April 24, 2019 to May 24, 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 OSE All price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current OSE All price fluctuation can be explain by its past prices. Given that OSE All has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of OSE All for similar time interval.
Correlation Coefficient-0.57
Spearman Rank Test-0.65
Residual Average0.0
Price Variance137.02

OSE All lagged returns against current returns

 Current and Lagged Values 
      Timeline 

OSE All regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

OSE All Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - OSEAX

OSE All Investor Sentiment

Most of Macroaxis investors are at this time bullish on OSE All. What is your perspective on investing in Norway companies? Are you bullish or bearish on OSE All?
Bullish
Bearish
98% Bullish
2% Bearish
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See also OSE All Hype Analysis, OSE All Correlation, Portfolio Optimization, OSE All Volatility as well as analyze OSE All Alpha and Beta and OSE All Performance. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.
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