Castex Technologies (India) Backtesting

CASTEXTECH -- India Stock  

INR 1.30  0.15  10.34%

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

Castex Technologies 'What if' Analysis

August 26, 2018
No Change 0.00  0.0%
In 31 days
September 25, 2018
If you would invest  0.00  in Castex Technologies on August 26, 2018 and sell it all today you would earn a total of 0.00 from holding Castex Technologies Limited or generate 0.0% return on investment in Castex Technologies over 30 days. Castex Technologies is related to or competes with Motherson Sumi, Bosch, Wabco India, Minda Industries, Sundaram Clayton, Asahi India, and Maharashtra Scooters. Castex Technologies Limited manufactures and sells motor vehicles parts and accessories in India and internationally

Castex Technologies Upside/Downside Indicators

Information Ratio0.18
Maximum Drawdown15.15
Value At Risk10.34
Potential Upside6.45

Castex Technologies Market Premium Indicators

Risk Adjusted Performance0.07
Jensen Alpha0.80
Total Risk Alpha2.74
Treynor Ratio1.13

Castex Technologies Backtested Returns

Macroaxis considers Castex Technologies abnormally risky given 1 month investment horizon. Castex Technologies secures Sharpe Ratio (or Efficiency) of 0.1689 which signifies that Castex Technologies had 0.1689% of return per unit of risk over the last 1 month. 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. By analyzing Castex Technologies technical indicators you can presently evaluate if the expected return of 0.7879% is justified by implied risk. Please makes use of Castex Technologies Risk Adjusted Performance of 0.07 and Mean Deviation of 4.76 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Castex Technologies holds performance score of 11. The firm shows Beta (market volatility) of -0.8102 which signifies that as returns on market increase, returns on owning Castex Technologies are expected to decrease at a much smaller rate. During bear market, Castex Technologies is likely to outperform the market.. Although it is vital to follow to Castex Technologies historical returns, it is good to be conservative about what you can actually do with the information regarding 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. We have found twenty-one technical indicators for Castex Technologies Limited which you can use to evaluate performance of the firm. Please makes use of Castex Technologies Variance, Maximum Drawdown as well as the relationship between Maximum Drawdown and Semi Variance to make a quick decision on weather Castex Technologies price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.88) 

Excellent reverse predictability

Castex Technologies Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Castex Technologies time series from August 26, 2018 to September 10, 2018 and September 10, 2018 to September 25, 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 Castex Technologies price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Castex Technologies price fluctuation can be explain by its past prices. Given that Castex Technologies Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Castex Technologies for similar time interval.
Correlation Coefficient-0.88
Spearman Rank Test-0.75
Residual Average0.0
Price Variance0.01

Castex Technologies lagged returns against current returns

 Current and Lagged Values 

Castex Technologies regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Castex Technologies Lagged Returns

 Regressed Prices 

Current Sentiment - CASTEXTECH

Castex Technologies Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in Castex Technologies Limited. What is your opinion about investing in Castex Technologies Limited? Are you bullish or bearish?
50% Bullish
50% Bearish

Castex Technologies Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Castex Technologies and Motherson Sumi Systems. 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 Castex Technologies Hype Analysis, Castex Technologies Correlation, Castex Technologies Valuation, Castex Technologies Volatility as well as analyze Castex Technologies Alpha and Beta and Castex Technologies Performance. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.