Allahabad Bank (India) Backtesting

ALBK -- India Stock  

INR 39.85  0.20  0.50%

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

Allahabad Bank 'What if' Analysis

August 22, 2018
0.00
No Change 0.00  0.0%
In 30 days
September 21, 2018
0.00
If you would invest  0.00  in Allahabad Bank on August 22, 2018 and sell it all today you would earn a total of 0.00 from holding Allahabad Bank or generate 0.0% return on investment in Allahabad Bank over 30 days. Allahabad Bank is related to or competes with HDFC Bank, State Bank, AU Small, Central Bank, IDFC Bank, Bank of India Limited, and Union Bank. Allahabad Bank provides banking products and services in India and internationally

Allahabad Bank Upside/Downside Indicators

Information Ratio0.08
Maximum Drawdown6.88
Value At Risk1.97
Potential Upside2.15
  

Allahabad Bank Market Premium Indicators

Risk Adjusted Performance0.001
Jensen Alpha0.0468
Total Risk Alpha0.42
Treynor Ratio0.041

Allahabad Bank Backtested Returns

Macroaxis considers Allahabad Bank to be not too volatile. Allahabad Bank secures Sharpe Ratio (or Efficiency) of -0.0374 which signifies that Allahabad Bank had -0.0374% 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. Allahabad Bank exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Allahabad Bank Risk Adjusted Performance of 0.001 and Mean Deviation of 1.26 to double-check risk estimate we provide. Macroaxis gives Allahabad Bank performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.9109 which signifies that . Even though it is essential to pay attention to Allahabad Bank 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. Allahabad Bank exposes twenty-one different technical indicators which can help you to evaluate its performance. Allahabad Bank has expected return of -0.0602%. Please be advised to confirm Allahabad Bank Variance, Jensen Alpha and the relationship between Standard Deviation and Information Ratio to decide if Allahabad Bank past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.08) 

Very weak reverse predictability

Allahabad Bank has very weak reverse predictability. Overlapping area represents the amount of predictability between Allahabad Bank time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 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 Allahabad Bank price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Allahabad Bank price fluctuation can be explain by its past prices. Given that Allahabad Bank has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Allahabad Bank for similar time interval.
Correlation Coefficient-0.08
Spearman Rank Test-0.31
Residual Average0.0
Price Variance0.31

Allahabad Bank lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Allahabad Bank regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Allahabad Bank Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - ALBK

Allahabad Bank Investor Sentiment

Macroaxis portfolio users are unresponsive in their sentiment towards investing in Allahabad Bank. What is your sentiment towards investing in Allahabad Bank? Are you bullish or bearish?
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Allahabad Bank Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Allahabad Bank and HDFC Bank 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
Run Pair Correlation  
Check also Allahabad Bank Hype Analysis, Allahabad Bank Correlation, Allahabad Bank Valuation, Allahabad Bank Volatility as well as analyze Allahabad Bank Alpha and Beta and Allahabad Bank Performance. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
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