eHi Car Backtesting

EHIC -- USA Stock  

USD 10.85  0.32  3.04%

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

eHi Car 'What if' Analysis

October 18, 2018
No Change 0.00  0.0%
In 31 days
November 17, 2018
If you would invest  0.00  in eHi Car on October 18, 2018 and sell it all today you would earn a total of 0.00 from holding eHi Car Services Limited or generate 0.0% return on investment in eHi Car over 30 days. eHi Car is related to or competes with Air Lease, Aarons, AeroCentury Corp, Aircastle, CAI International, and Avis Budget. eHi Car Services Limited, through its subsidiaries, provides car rental and car services to individuals, and corporate a...

eHi Car Upside/Downside Indicators

Information Ratio0.031857
Maximum Drawdown12.08
Value At Risk3.20
Potential Upside5.31

eHi Car Market Premium Indicators

Risk Adjusted Performance0.06
Jensen Alpha0.13
Total Risk Alpha0.0132
Treynor Ratio0.32

eHi Car Services Backtested Returns

We consider eHi Car moderately volatile. eHi Car Services shows Sharpe Ratio of 0.0041 which attests that eHi Car Services had 0.0041% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for eHi Car Services which you can use to evaluate future volatility of the organization. Please check out eHi Car Services Market Risk Adjusted Performance of 0.31 and Mean Deviation of 2.17 to validate if risk estimate we provide are consistent with the epected return of 0.0121%. eHi Car has performance score of 0 on a scale of 0 to 100. The firm maintains market beta of 0.5288 which attests that as returns on market increase, eHi Car returns are expected to increase less than the market. However during bear market, the loss on holding eHi Car will be expected to be smaller as well.. Although it is extremely important to respect eHi Car Services historical price patterns, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining 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. By examining eHi Car Services technical indicators you can presently evaluate if the expected return of 0.0121% will be sustainable into the future. eHi Car Services right now maintains a risk of 2.9595%. Please check out eHi Car Services Information Ratio, Value At Risk, Kurtosis, as well as the relationship between Sortino Ratio and Semi Variance to decide if eHi Car Services will be following its historical returns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.22) 
correlation synergy

Weak reverse predictability

eHi Car Services Limited has weak reverse predictability. Overlapping area represents the amount of predictability between eHi Car time series from October 18, 2018 to November 2, 2018 and November 2, 2018 to November 17, 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 eHi Car Services price movement. The serial correlation of -0.22 indicates that over 22.0% of current eHi Car price fluctuation can be explain by its past prices. Given that eHi Car Services Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of eHi Car for similar time interval.
Correlation Coefficient-0.22
Spearman Rank Test-0.64
Residual Average0.0
Price Variance0.25

eHi Car Services lagged returns against current returns

 Current and Lagged Values 

eHi Car regressed lagged prices vs. current prices

 Current vs Lagged Prices 

eHi Car Lagged Returns

 Regressed Prices 

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eHi Car Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for eHi Car and Air Lease. 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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Additionally see eHi Car Hype Analysis, eHi Car Correlation, eHi Car Valuation, eHi Car Volatility as well as analyze eHi Car Alpha and Beta and eHi Car Performance. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.