Accenture Backtesting

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ACN -- USA Stock  

Buyout Trend

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. Please continue to 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.

Accenture Plc 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in Accenture Plc on March 5, 2020 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 90 days. Accenture Plc is related to or competes with Genpact, Broadridge Financial, Gartner, Digimarc, EPAM Systems, ExlService Holdings, and Accenture Plc. Accenture plc provides consulting, technology, and outsourcing services worldwide

Accenture Plc Upside/Downside Indicators

Downside Deviation3.88
Information Ratio0.0674
Maximum Drawdown18.11
Value At Risk(5.41)
Potential Upside9.14

Accenture Plc Market Premium Indicators

Risk Adjusted Performance0.2689
Jensen Alpha0.2887
Total Risk Alpha0.2899
Sortino Ratio0.0744
Treynor Ratio0.2869

Accenture Plc Backtested Returns

Macroaxis considers Accenture Plc very steady given 3 months investment horizon. Accenture Plc secures Sharpe Ratio (or Efficiency) of 0.068, which signifies that the organization had 0.068% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Accenture Plc, which you can use to evaluate future volatility of the firm. Please makes use of Accenture Plc Risk Adjusted Performance of 0.2689 and Mean Deviation of 3.33 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Accenture Plc holds performance score of 4. The firm shows a Beta (market volatility) of 0.9677, which signifies that Accenture Plc returns are very sensitive to returns on the market. as market goes up or down, Accenture Plc is expected to follow. Although it is vital to follow to Accenture Plc historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Accenture Plc technical indicators you can presently evaluate if the expected return of 0.2906% will be sustainable into the future. Please makes use of Accenture Plc Value At Risk, Daily Balance Of Power and the relationship between Total Risk Alpha and Expected Short fall to make a quick decision on weather Accenture Plc price patterns will revert.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.21 
correlation synergy

Weak predictability

Accenture Plc has weak predictability. Overlapping area represents the amount of predictability between Accenture Plc time series from 5th of March 2020 to 19th of April 2020 and 19th of April 2020 to 3rd of June 2020. 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 0.21 indicates that over 21.0% of current Accenture Plc price fluctuation can be explain by its past prices.
Correlation Coefficient0.21
Spearman Rank Test0.25
Residual Average0.0
Price Variance107.91

Accenture Plc lagged returns against current returns

 Current and Lagged Values 

Accenture Plc regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Accenture Plc Lagged Returns

 Regressed Prices 

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Accenture Plc Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Accenture Plc and Genpact Limited. 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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Please continue to 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page