Cochin Shipyard (India) Backtesting

COCHINSHIP -- India Stock  

INR 420.55  1.40  0.33%

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

Cochin Shipyard 'What if' Analysis

August 19, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 18, 2018
0.00
If you would invest  0.00  in Cochin Shipyard on August 19, 2018 and sell it all today you would earn a total of 0.00 from holding Cochin Shipyard Limited or generate 0.0% return on investment in Cochin Shipyard over 30 days. Cochin Shipyard is related to or competes with Bharat Electronics, Sequent Scientific, GALAXY BEARINGS, Salona Cotspin, SMS Pharmaceuticals, Aurobindo Pharma, and Karuturi Global. Cochin Shipyard Limited engages in the shipbuilding and repair of shipsoffshore structures in India

Cochin Shipyard Upside/Downside Indicators

Information Ratio0.48
Maximum Drawdown2.4
Value At Risk1.16
Potential Upside0.7814
  

Cochin Shipyard Market Premium Indicators

Risk Adjusted Performance0.11
Jensen Alpha0.18
Total Risk Alpha0.31
Treynor Ratio2.25

Cochin Shipyard Limited Backtested Returns

Macroaxis considers Cochin Shipyard to be not too risky. Cochin Shipyard Limited secures Sharpe Ratio (or Efficiency) of -0.3159 which signifies that Cochin Shipyard Limited had -0.3159% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in 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. Cochin Shipyard Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Cochin Shipyard Limited Mean Deviation of 0.4084 and Risk Adjusted Performance of 0.11 to double-check risk estimate we provide. Macroaxis gives Cochin Shipyard performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.0829 which signifies that as returns on market increase, returns on owning Cochin Shipyard are expected to decrease at a much smaller rate. During bear market, Cochin Shipyard is likely to outperform the market.. Even though it is essential to pay attention to Cochin Shipyard Limited historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in 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. Cochin Shipyard Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Cochin Shipyard Limited has expected return of -0.1764%. Please be advised to confirm Cochin Shipyard Limited Jensen Alpha, and the relationship between Coefficient Of Variation and Potential Upside to decide if Cochin Shipyard Limited past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.37 

Below average predictability

Cochin Shipyard Limited has below average predictability. Overlapping area represents the amount of predictability between Cochin Shipyard time series from August 19, 2018 to September 3, 2018 and September 3, 2018 to September 18, 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 Cochin Shipyard Limited price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Cochin Shipyard price fluctuation can be explain by its past prices.
Correlation Coefficient0.37
Spearman Rank Test0.35
Residual Average0.0
Price Variance5.79

Cochin Shipyard Limited lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Cochin Shipyard regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Cochin Shipyard Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - COCHINSHIP

Cochin Shipyard Limited Investor Sentiment

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Cochin Shipyard Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Cochin Shipyard and Bharat Electronics. 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 Cochin Shipyard Hype Analysis, Cochin Shipyard Correlation, Cochin Shipyard Valuation, Cochin Shipyard Volatility as well as analyze Cochin Shipyard Alpha and Beta and Cochin Shipyard Performance. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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