Blue Star (India) Backtesting

BLUESTARCO -- India Stock  

INR 739.85  2.15  0.29%

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

Blue Star 'What if' Analysis

May 21, 2019
0.00
No Change 0.00  0.0%
In 2 months and 1 day
July 20, 2019
0.00
If you would invest  0.00  in Blue Star on May 21, 2019 and sell it all today you would earn a total of 0.00 from holding Blue Star Limited or generate 0.0% return on investment in Blue Star over 60 days. Blue Star is related to or competes with ISGEC HEAVY, Kennametal India, Vesuvius India, Ingersoll Rand, Ingersoll Rand, Texmaco Rail, and Inox Wind. Blue Star Limited engages in the central air conditioning and commercial refrigeration business in India and internation...

Blue Star Upside/Downside Indicators

Downside Deviation1.16
Information Ratio0.1156
Maximum Drawdown8.52
Value At Risk(1.41)
Potential Upside2.66

Blue Star Market Premium Indicators

Risk Adjusted Performance0.1321
Jensen Alpha0.3176
Total Risk Alpha0.0077
Sortino Ratio0.1619
Treynor Ratio(3.26)

Blue Star Limited Backtested Returns

Macroaxis considers Blue Star to be very steady. Blue Star Limited secures Sharpe Ratio (or Efficiency) of -0.0599 which signifies that the organization had -0.0599% of return per unit of risk over the last 2 months. 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. Blue Star Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Blue Star Limited Risk Adjusted Performance of 0.1321, Mean Deviation of 0.9653 and Downside Deviation of 1.16 to double-check risk estimate we provide. The firm shows Beta (market volatility) of -0.094 which signifies that as returns on market increase, returns on owning Blue Star are expected to decrease at a much smaller rate. During bear market, Blue Star is likely to outperform the market. Even though it is essential to pay attention to Blue Star 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. Blue Star Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Blue Star Limited has expected return of -0.0788%. Please be advised to confirm Blue Star Limited Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if Blue Star Limited past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 
correlation synergy

No correlation between past and present

Blue Star Limited has no correlation between past and present. Overlapping area represents the amount of predictability between Blue Star time series from May 21, 2019 to June 20, 2019 and June 20, 2019 to July 20, 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 Blue Star Limited price movement. The serial correlation of 0.0 indicates that just 0.0% of current Blue Star price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.0

Blue Star Limited lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Blue Star regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Blue Star Lagged Returns

 Regressed Prices 
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Current Sentiment - BLUESTARCO

Blue Star Limited Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in Blue Star Limited. What is your opinion about investing in Blue Star Limited? Are you bullish or bearish?
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Blue Star Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Blue Star and ISGEC HEAVY ENGINEERING. 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 Blue Star Hype Analysis, Blue Star Correlation, Blue Star Valuation, Blue Star Volatility as well as analyze Blue Star Alpha and Beta and Blue Star Performance. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.
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