Accenture plc Backtesting

ACN -- USA Stock  

USD 150.45  1.33  0.01%

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

November 23, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
January 22, 2019
0.00
If you would invest  0.00  in Accenture plc on November 23, 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 Gartner, Digimarc, EPAM Systems, CDW, Computer Task, and DXC Technology. Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally

Accenture plc Upside/Downside Indicators

Information Ratio(0.07)
Maximum Drawdown10.23
Value At Risk(3.41)
Potential Upside2.53
  

Accenture plc Market Premium Indicators

Risk Adjusted Performance(0.17)
Jensen Alpha(0.20)
Total Risk Alpha(0.14)
Treynor Ratio11.42

Accenture plc Backtested Returns

Macroaxis considers Accenture plc to be not too risky. Accenture plc secures Sharpe Ratio (or Efficiency) of -0.0376 which signifies that the organization had -0.0376% 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 1.55 and Risk Adjusted Performance of (0.17) to double-check risk estimate we provide. The firm shows Beta (market volatility) of -0.0173 which signifies that as returns on market increase, returns on owning Accenture plc are expected to decrease at a much smaller rate. During bear market, Accenture plc is likely to outperform the market. 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 -0.0822%. 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(0.62) 
correlation synergy

Very good reverse predictability

Accenture plc has very good reverse predictability. Overlapping area represents the amount of predictability between Accenture plc time series from November 23, 2018 to December 23, 2018 and December 23, 2018 to January 22, 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 Accenture plc price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Accenture plc price fluctuation can be explain by its past prices. Given that Accenture plc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Accenture plc for similar time interval.
Correlation Coefficient-0.62
Spearman Rank Test-0.65
Residual Average0.0
Price Variance29.14

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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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
Run Pair Correlation  
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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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