Adi Rasayan (India) Backtesting

ADIRASA -- India Stock  

INR 36.50  0.00  0.00%

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

Adi Rasayan 'What if' Analysis

August 19, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 18, 2018
0.00
If you would invest  0.00  in Adi Rasayan on August 19, 2018 and sell it all today you would earn a total of 0.00 from holding Adi Rasayan Limited or generate 0.0% return on investment in Adi Rasayan over 30 days. Adi Rasayan is related to or competes with Housing Development, Housing Development, Infosys, Maruti Suzuki, Maruti Suzuki, Kotak Mahindra, and Kotak Mahindra. Adi Rasayan Limited engages in the trading of various goods and merchandise in India

Adi Rasayan Upside/Downside Indicators

Information Ratio0.45
Maximum Drawdown4.95
Value At Risk4.76
  

Adi Rasayan Market Premium Indicators

Risk Adjusted Performance0.14
Jensen Alpha0.52
Total Risk Alpha1.07
Treynor Ratio0.4224

Adi Rasayan Limited Backtested Returns

Macroaxis considers Adi Rasayan to be not too volatile. Adi Rasayan Limited secures Sharpe Ratio (or Efficiency) of -0.517 which signifies that Adi Rasayan Limited had -0.517% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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. Adi Rasayan Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Adi Rasayan Limited Risk Adjusted Performance of 0.14 and Mean Deviation of 1.13 to double-check risk estimate we provide. Macroaxis gives Adi Rasayan performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -1.569 which signifies that as returns on market increase, returns on owning Adi Rasayan are expected to decrease by larger amounts. On the other hand, during market turmoil, Adi Rasayan is expected to significantly outperform it.. Even though it is essential to pay attention to Adi Rasayan Limited historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards 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. Adi Rasayan Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Adi Rasayan Limited has expected return of -1.3442%. Please be advised to confirm Adi Rasayan Limited Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to decide if Adi Rasayan Limited past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.25 

Poor predictability

Adi Rasayan Limited has poor predictability. Overlapping area represents the amount of predictability between Adi Rasayan time series from August 19, 2018 to September 3, 2018 and September 3, 2018 to September 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 Adi Rasayan Limited price movement. The serial correlation of 0.25 indicates that over 25.0% of current Adi Rasayan price fluctuation can be explain by its past prices.
Correlation Coefficient0.25
Spearman Rank Test0.63
Residual Average0.0
Price Variance0.45

Adi Rasayan Limited lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Adi Rasayan regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Adi Rasayan Lagged Returns

 Regressed Prices 
      Timeline 

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Adi Rasayan Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Adi Rasayan and Housing Development. 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 Adi Rasayan Hype Analysis, Adi Rasayan Correlation, Adi Rasayan Valuation, Adi Rasayan Volatility as well as analyze Adi Rasayan Alpha and Beta and Adi Rasayan Performance. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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