Accenture plc Backtesting

Accenture plc -- USA Stock  

USD 151.07  1.22  0.80%

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.
 Time Horizon     30 Days    Login   to change
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Backtest

Accenture plc 'What if' Analysis

February 26, 2018
0.00
No Change 0.00  0.0%
In 2 months and 1 day
April 27, 2018
0.00
If you would invest  0.00  in Accenture plc on February 26, 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 60 days. Accenture plc is related to or competes with AECOM, Booz Allen, HR Block, Marsh McLennan, Noble Energy, and RHEINMETALL AG. Accenture plc provides consulting, technology, and outsourcing services worldwide

Accenture plc Upside/Downside Indicators

Information Ratio0.062817
Maximum Drawdown9.18
Value At Risk3.02
Potential Upside2.56
  

Accenture plc Market Premium Indicators

Risk Adjusted Performance0.11
Jensen Alpha0.14
Total Risk Alpha0.12
Treynor Ratio0.59

Accenture plc Backtested Returns

Macroaxis considers Accenture plc to be not too risky. Accenture plc secures Sharpe Ratio (or Efficiency) of -0.082 which signifies that Accenture plc had -0.082% of return per unit of standard deviation over the last 2 months. 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 1.43 and Risk Adjusted Performance of 0.11 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 0.2458 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 -0.163%. 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 0.11 

Insignificant predictability

Accenture plc has insignificant predictability. Overlapping area represents the amount of predictability between Accenture plc time series from February 26, 2018 to March 28, 2018 and March 28, 2018 to April 27, 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 0.11 indicates that less than 11.0% of current Accenture plc price fluctuation can be explain by its past prices.
Correlation Coefficient 0.11
Spearman Rank Test 0.05
Price Variance 5.58
Lagged Price Variance 18.4

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 

Current Sentiment - ACN

Accenture plc Investor Sentiment
Predominant part of Macroaxis users are presently bullish on Accenture plc. What is your sentiment towards investing in Accenture plc? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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BATS Exchange Efficient Frontier

Diversify in USA Market
The main assumption in equity investing is that a higher degree of volatility (or risk) means a higher potential (or expected) return on investment. Conversely, investors who take on a low degree of risk have a low expection for return.
Diversify Portfolios
You can create optimal portfolios in USA market or optimize your existing portfolio in one of two ways: 1) For any level of risk, select the one which has the highest expected return. 2) For any expected return, select the one which has the lowest volatility.
Diversify Portfolios
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 Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.