Aditya Birla (India) Backtesting

ABFRL -- India Stock  

INR 202.35  0.50  0.25%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Aditya Birla Fashion and Retail Limited and determine expected loss or profit from investing in Aditya Birla over given investment horizon. Check also Aditya Birla Hype Analysis, Aditya Birla Correlation, Aditya Birla Valuation, Aditya Birla Volatility as well as analyze Aditya Birla Alpha and Beta and Aditya Birla Performance.
Horizon     30 Days    Login   to change
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Aditya Birla 'What if' Analysis

May 18, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
July 17, 2019
0.00
If you would invest  0.00  in Aditya Birla on May 18, 2019 and sell it all today you would earn a total of 0.00 from holding Aditya Birla Fashion and Retail Limited or generate 0.0% return on investment in Aditya Birla over 60 days. Aditya Birla is related to or competes with Lux Industries, Dollar Industries, Kitex Garments, Kitex Garments, Monte Carlo, Monte Carlo, and Zodiac Clothing. Aditya Birla Fashion and Retail Limited manufactures and distributes branded fashion apparel and accessories in India

Aditya Birla Upside/Downside Indicators

Information Ratio(0.27)
Maximum Drawdown6.65
Value At Risk(3.11)
Potential Upside1.75

Aditya Birla Market Premium Indicators

Risk Adjusted Performance(0.10)
Jensen Alpha(0.22)
Total Risk Alpha(0.54)
Treynor Ratio1.18

Aditya Birla Fashion Backtested Returns

Macroaxis considers Aditya Birla to be very steady. Aditya Birla Fashion secures Sharpe Ratio (or Efficiency) of -0.2234 which signifies that the organization had -0.2234% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing 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. Aditya Birla Fashion and Retail Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Aditya Birla Fashion Mean Deviation of 1.05 and Risk Adjusted Performance of (0.10) to double-check risk estimate we provide. The firm shows Beta (market volatility) of -0.2063 which signifies that as returns on market increase, returns on owning Aditya Birla are expected to decrease at a much smaller rate. During bear market, Aditya Birla is likely to outperform the market. Even though it is essential to pay attention to Aditya Birla Fashion historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing 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. Aditya Birla Fashion and Retail Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Aditya Birla Fashion has expected return of -0.3508%. Please be advised to confirm Aditya Birla Fashion Information Ratio as well as the relationship between Potential Upside and Kurtosis to decide if Aditya Birla Fashion past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 
correlation synergy

No correlation between past and present

Aditya Birla Fashion and Retail Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Aditya Birla time series from May 18, 2019 to June 17, 2019 and June 17, 2019 to July 17, 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 Aditya Birla Fashion price movement. The serial correlation of 0.0 indicates that just 0.0% of current Aditya Birla price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.0

Aditya Birla Fashion lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Aditya Birla regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Aditya Birla Lagged Returns

 Regressed Prices 
      Timeline 

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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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Aditya Birla Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Aditya Birla and Lux Industries. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Check also Aditya Birla Hype Analysis, Aditya Birla Correlation, Aditya Birla Valuation, Aditya Birla Volatility as well as analyze Aditya Birla Alpha and Beta and Aditya Birla Performance. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
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