Accenture plc Backtesting

ACN -- USA Stock  

USD 157.92  7.66  5.10%

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

Accenture plc 'What if' Analysis

September 15, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 15, 2018
0.00
If you would invest  0.00  in Accenture plc on September 15, 2018 and sell it all today you would earn a total of 0.00 from holding Accenture plc or generate 0.0% return on investment in Accenture plc over 30 days. Accenture plc is related to or competes with Gartner, Digimarc, Edgewater Technology, EPAM Systems, CDW, and Computer Task. Accenture plc provides consulting, technology, and outsourcing services worldwide

Accenture plc Upside/Downside Indicators

Information Ratio0.11
Maximum Drawdown6.3
Value At Risk4.18
Potential Upside1.94
  

Accenture plc Market Premium Indicators

Risk Adjusted Performance0.18
Jensen Alpha0.25
Total Risk Alpha0.08
Treynor Ratio0.44

Accenture plc Backtested Returns

Macroaxis considers Accenture plc to be not too risky. Accenture plc secures Sharpe Ratio (or Efficiency) of -0.1782 which signifies that Accenture plc had -0.1782% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in 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. Accenture plc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Accenture plc Mean Deviation of 1.26 and Risk Adjusted Performance of 0.18 to double-check risk estimate we provide. Macroaxis gives Accenture plc performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.8346 which signifies that as returns on market increase, Accenture plc returns are expected to increase less than the market. However during bear market, the loss on holding Accenture plc will be expected to be smaller as well.. Even though it is essential to pay attention to Accenture plc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in 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. Accenture plc exposes twenty-one different technical indicators which can help you to evaluate its performance. Accenture plc has expected return of -0.3599%. Please be advised to confirm Accenture plc Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if Accenture plc past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.38 

Below average predictability

Accenture plc has below average predictability. Overlapping area represents the amount of predictability between Accenture plc time series from September 15, 2018 to September 30, 2018 and September 30, 2018 to October 15, 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 Accenture plc price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Accenture plc price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test-0.08
Residual Average0.0
Price Variance60.7

Accenture plc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Accenture plc regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Accenture plc Lagged Returns

 Regressed Prices 
      Timeline 

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Accenture plc Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Accenture plc and Gartner. 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 Accenture plc Hype Analysis, Accenture plc Correlation, Accenture plc Valuation, Accenture plc Volatility as well as analyze Accenture plc Alpha and Beta and Accenture plc Performance. Please also try CEO Directory module to screen ceos from public companies around the world.
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