CENTURY Backtesting

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CENTEXT -- India Stock  

INR 4.95  0.40  8.79%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of CENTURY EXTRUSIONS and determine expected loss or profit from investing in CENTURY EXTRUSIONS over given investment horizon. Continue to CENTURY EXTRUSIONS Hype Analysis, CENTURY EXTRUSIONS Correlation, CENTURY EXTRUSIONS Valuation, CENTURY EXTRUSIONS Volatility as well as analyze CENTURY EXTRUSIONS Alpha and Beta and CENTURY EXTRUSIONS Performance.
Symbol
Backtest

CENTURY EXTRUSIONS 'What if' Analysis

0.00
04/10/2020
No Change 0.00  0.0 
In 3 months and 1 day
07/09/2020
0.00
If you would invest  0.00  in CENTURY EXTRUSIONS on April 10, 2020 and sell it all today you would earn a total of 0.00 from holding CENTURY EXTRUSIONS or generate 0.0% return on investment in CENTURY EXTRUSIONS over 90 days. CENTURY EXTRUSIONS is related to or competes with GUJARAT NARMADA. Century Extrusions Limited manufactures and sells aluminum extruded and value added products in India and internationall...

CENTURY EXTRUSIONS Upside/Downside Indicators

Downside Deviation5.46
Information Ratio0.1996
Maximum Drawdown30.07
Value At Risk(5.88)
Potential Upside16.28

CENTURY EXTRUSIONS Market Premium Indicators

Risk Adjusted Performance0.4179
Jensen Alpha1.53
Total Risk Alpha0.9454
Sortino Ratio0.2546
Treynor Ratio10.24

CENTURY EXTRUSIONS Backtested Returns

CENTURY EXTRUSIONS is very risky given 3 months investment horizon. CENTURY EXTRUSIONS secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had 0.23% of return per unit of risk over the last 3 months. Our approach towards foreseeing the risk of a stock is to use both market data as well as company specific technical data. We are able to break down and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.72% are justified by taking the suggested risk. Use CENTURY EXTRUSIONS risk adjusted performance of 0.4179, and mean deviation of 5.2 to evaluate company specific risk that cannot be diversified away. CENTURY EXTRUSIONS holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.1513, which signifies not very significant fluctuations relative to the market. Let's try to break down what CENTURY's beta means in this case. As returns on the market increase, CENTURY EXTRUSIONS returns are expected to increase less than the market. However, during the bear market, the loss on holding CENTURY EXTRUSIONS will be expected to be smaller as well. Although it is essential to pay attention to CENTURY EXTRUSIONS historical returns, it is also good to be reasonable about what you can do with equity current trending patterns. Our approach towards foreseeing future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if CENTURY EXTRUSIONS expected return of 1.72 will be sustainable into the future, we have found twenty-eight different technical indicators, which can help you to check if the expected returns are sustainable. Use CENTURY EXTRUSIONS sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change to analyze future returns on CENTURY EXTRUSIONS.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.68) 
correlation synergy

Very good reverse predictability

CENTURY EXTRUSIONS has very good reverse predictability. Overlapping area represents the amount of predictability between CENTURY EXTRUSIONS time series from 10th of April 2020 to 25th of May 2020 and 25th of May 2020 to 9th of July 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CENTURY EXTRUSIONS price movement. The serial correlation of -0.68 indicates that around 68.0% of current CENTURY EXTRUSIONS price fluctuation can be explain by its past prices. Given that CENTURY EXTRUSIONS has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of CENTURY EXTRUSIONS for similar time interval.
Correlation Coefficient-0.68
Spearman Rank Test-0.58
Residual Average0.0
Price Variance1.88

CENTURY EXTRUSIONS lagged returns against current returns

 Current and Lagged Values 
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CENTURY EXTRUSIONS regressed lagged prices vs. current prices

 Current vs Lagged Prices 
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CENTURY EXTRUSIONS Lagged Returns

 Regressed Prices 
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Current Sentiment - CENTEXT

CENTURY EXTRUSIONS Investor Sentiment

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

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for CENTURY EXTRUSIONS and GUJARAT NARMADA VALLEY. 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  
Continue to CENTURY EXTRUSIONS Hype Analysis, CENTURY EXTRUSIONS Correlation, CENTURY EXTRUSIONS Valuation, CENTURY EXTRUSIONS Volatility as well as analyze CENTURY EXTRUSIONS Alpha and Beta and CENTURY EXTRUSIONS Performance. Please also try Shere Portfolio module to track or share privately all of your investments from the convenience of any device.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page