Accenture plc Backtesting

ACN -- USA Stock  

USD 168.07  0.43  0.26%

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

June 18, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 18, 2018
0.00
If you would invest  0.00  in Accenture plc on June 18, 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

Downside Deviation0.915
Information Ratio0.002496
Maximum Drawdown6.45
Value At Risk1.08
Potential Upside1.03
  

Accenture plc Market Premium Indicators

Risk Adjusted Performance0.0617
Jensen Alpha0.2139
Total Risk Alpha0.19
Sortino Ratio0.004035
Treynor Ratio0.19

Accenture plc Backtested Returns

We consider Accenture plc not too risky. Accenture plc secures Sharpe Ratio (or Efficiency) of 0.1036 which signifies that Accenture plc had 0.1036% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Accenture plc which you can use to evaluate future volatility of the firm. Please confirm Accenture plc Mean Deviation of 0.808 and Risk Adjusted Performance of 0.0617 to double-check if risk estimate we provide are consistent with the epected return of 0.1528%. Accenture plc has performance score of 6 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.676 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.. Although it is extremely important to respect Accenture plc historical returns, it is better to be realistic regarding the information on 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 0.1528% will be sustainable into the future. Accenture plc right now shows a risk of 1.4754%. Please confirm Accenture plc Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if Accenture plc will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.25) 

Weak reverse predictability

Accenture plc has weak reverse predictability. Overlapping area represents the amount of predictability between Accenture plc time series from June 18, 2018 to July 3, 2018 and July 3, 2018 to July 18, 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 -0.25 indicates that over 25.0% 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 -0.25
Spearman Rank Test -0.08
Price Variance 2.56
Lagged Price Variance 9.78

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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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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..