Asian Paints (India) Backtesting

ASIANPAINT -- India Stock  

INR 1,379  20.45  1.46%

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

Asian Paints 'What if' Analysis

December 23, 2018
No Change 0.00  0.0%
In 2 months and 1 day
February 21, 2019
If you would invest  0.00  in Asian Paints on December 23, 2018 and sell it all today you would earn a total of 0.00 from holding Asian Paints Limited or generate 0.0% return on investment in Asian Paints over 60 days. Asian Paints is related to or competes with Asian Paints, Pidilite Industries, Pidilite Industries, Berger Paints, Berger Paints, and Castrol India. Asian Paints Limited, together with its subsidiaries, manufactures, sells, and distributes paints and coatings for decor...

Asian Paints Upside/Downside Indicators

Downside Deviation1.44
Information Ratio0.0088
Maximum Drawdown6.02
Value At Risk(2.00)
Potential Upside1.78

Asian Paints Market Premium Indicators

Risk Adjusted Performance0.1223
Jensen Alpha0.078
Total Risk Alpha0.0303
Sortino Ratio0.0082
Treynor Ratio1.19

Asian Paints Limited Backtested Returns

We consider Asian Paints not too risky. Asian Paints Limited secures Sharpe Ratio (or Efficiency) of 0.0367 which signifies that the organization had 0.0367% of return per unit of risk over the last 2 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Asian Paints Limited which you can use to evaluate future volatility of the firm. Please confirm Asian Paints Limited Risk Adjusted Performance of 0.1223, Downside Deviation of 1.44 and Mean Deviation of 0.9167 to double-check if risk estimate we provide are consistent with the epected return of 0.0418%. Asian Paints has performance score of 2 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0699 which signifies that as returns on market increase, Asian Paints returns are expected to increase less than the market. However during bear market, the loss on holding Asian Paints will be expected to be smaller as well. Although it is extremely important to respect Asian Paints Limited historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards 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 Asian Paints Limited technical indicators you can presently evaluate if the expected return of 0.0418% will be sustainable into the future. Asian Paints Limited right now shows a risk of 1.1399%. Please confirm Asian Paints Limited Variance as well as the relationship between Maximum Drawdown and Semi Variance to decide if Asian Paints Limited will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.41 
correlation synergy

Average predictability

Asian Paints Limited has average predictability. Overlapping area represents the amount of predictability between Asian Paints time series from December 23, 2018 to January 22, 2019 and January 22, 2019 to February 21, 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 Asian Paints Limited price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Asian Paints price fluctuation can be explain by its past prices.
Correlation Coefficient0.41
Spearman Rank Test0.22
Residual Average0.0
Price Variance1153.72

Asian Paints Limited lagged returns against current returns

 Current and Lagged Values 

Asian Paints regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Asian Paints Lagged Returns

 Regressed Prices 

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Asian Paints Pair Correlation

Equities Pair Trading Analysis

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