Asian Paints (India) Backtesting

ASIANPAINT -- India Stock  

INR 1,303  9.80  0.76%

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
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Backtest

Asian Paints 'What if' Analysis

August 24, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 23, 2018
0.00
If you would invest  0.00  in Asian Paints on August 24, 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 30 days. Asian Paints is related to or competes with Tata Consultancy, Tata Consultancy, Reliance Industries, Reliance Industries, HDFC Bank, HDFC Bank, and ITC. Asian Paints Limited, together with its subsidiaries, manufactures, sells, and distributes paints and coatings for decor...

Asian Paints Upside/Downside Indicators

Information Ratio0.37
Maximum Drawdown4.92
Value At Risk2.23
Potential Upside1.14
  

Asian Paints Market Premium Indicators

Risk Adjusted Performance0.10
Jensen Alpha0.50
Total Risk Alpha0.84
Treynor Ratio0.36

Asian Paints Limited Backtested Returns

Macroaxis considers Asian Paints to be not too risky. Asian Paints Limited secures Sharpe Ratio (or Efficiency) of -0.2404 which signifies that Asian Paints Limited had -0.2404% 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. Asian Paints Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Asian Paints Limited Risk Adjusted Performance of 0.10 and Mean Deviation of 0.9517 to double-check risk estimate we provide. Macroaxis gives Asian Paints performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.9422 which signifies that Asian Paints returns are very sensitive to returns on the market. as market goes up or down, Asian Paints is expected to follow.. Even though it is essential to pay attention to Asian Paints 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. Asian Paints Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Asian Paints Limited has expected return of -0.3265%. Please be advised to confirm Asian Paints Limited Variance as well as the relationship between Maximum Drawdown and Semi Variance to decide if Asian Paints Limited past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.29 

Poor predictability

Asian Paints Limited has poor predictability. Overlapping area represents the amount of predictability between Asian Paints time series from August 24, 2018 to September 8, 2018 and September 8, 2018 to September 23, 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 Asian Paints Limited price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Asian Paints price fluctuation can be explain by its past prices.
Correlation Coefficient0.29
Spearman Rank Test0.03
Residual Average0.0
Price Variance194.38

Asian Paints Limited lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Asian Paints regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Asian Paints Lagged Returns

 Regressed Prices 
      Timeline 

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Asian Paints Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Asian Paints and Tata Consultancy Ser. 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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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