Alkem Laboratories (India) Backtesting

ALKEM -- India Stock  

INR 1,945  9.35  0.48%

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

Alkem Laboratories 'What if' Analysis

October 18, 2018
0.00
No Change 0.00  0.0%
In 31 days
November 17, 2018
0.00
If you would invest  0.00  in Alkem Laboratories on October 18, 2018 and sell it all today you would earn a total of 0.00 from holding Alkem Laboratories Limited or generate 0.0% return on investment in Alkem Laboratories over 30 days. Alkem Laboratories is related to or competes with Aurobindo Pharma, Divis Laboratories, Lupin, Glenmark Pharmaceuticals, Alembic Pharmaceuticals, and Ipca Laboratories. Alkem Laboratories Limited, a pharmaceutical company, develops, manufactures, and sells pharmaceutical and nutraceutical...

Alkem Laboratories Upside/Downside Indicators

Information Ratio0.12
Maximum Drawdown6.67
Value At Risk2.81
Potential Upside2.97
  

Alkem Laboratories Market Premium Indicators

Risk Adjusted Performance0.18
Jensen Alpha0.35
Total Risk Alpha0.20
Treynor Ratio1.43

Alkem Laboratories Backtested Returns

Macroaxis considers Alkem Laboratories to be not too risky. Alkem Laboratories secures Sharpe Ratio (or Efficiency) of -0.0146 which signifies that Alkem Laboratories had -0.0146% 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. Alkem Laboratories Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Alkem Laboratories Risk Adjusted Performance of 0.18 and Mean Deviation of 1.43 to double-check risk estimate we provide. Macroaxis gives Alkem Laboratories performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.2316 which signifies that as returns on market increase, returns on owning Alkem Laboratories are expected to decrease at a much smaller rate. During bear market, Alkem Laboratories is likely to outperform the market.. Even though it is essential to pay attention to Alkem Laboratories 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. Alkem Laboratories Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Alkem Laboratories has expected return of -0.0187%. Please be advised to confirm Alkem Laboratories Variance as well as the relationship between Maximum Drawdown and Semi Variance to decide if Alkem Laboratories past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.42) 
correlation synergy

Modest reverse predictability

Alkem Laboratories Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Alkem Laboratories time series from October 18, 2018 to November 2, 2018 and November 2, 2018 to November 17, 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 Alkem Laboratories price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Alkem Laboratories price fluctuation can be explain by its past prices. Given that Alkem Laboratories Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Alkem Laboratories for similar time interval.
Correlation Coefficient-0.42
Spearman Rank Test-0.94
Residual Average0.0
Price Variance794.98

Alkem Laboratories lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Alkem Laboratories regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Alkem Laboratories Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - ALKEM

Alkem Laboratories Investor Sentiment

Most of Macroaxis users are presently bullish on Alkem Laboratories Limited. What is your sentiment towards investing in Alkem Laboratories Limited? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Alkem Laboratories Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Alkem Laboratories and Aurobindo Pharma 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 Alkem Laboratories Hype Analysis, Alkem Laboratories Correlation, Alkem Laboratories Valuation, Alkem Laboratories Volatility as well as analyze Alkem Laboratories Alpha and Beta and Alkem Laboratories Performance. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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