eHi Car Backtesting

EHIC -- USA Stock  

USD 11.61  0.23  2.02%

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
SymbolX
Backtest

eHi Car 'What if' Analysis

August 25, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 24, 2018
0.00
If you would invest  0.00  in eHi Car on August 25, 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 Ratio0.18
Maximum Drawdown10.84
Value At Risk3.43
Potential Upside6.23
  

eHi Car Market Premium Indicators

Risk Adjusted Performance0.04921
Jensen Alpha0.53
Total Risk Alpha1.61
Treynor Ratio0.64

eHi Car Services Backtested Returns

Macroaxis considers eHi Car to be moderately volatile. eHi Car Services shows Sharpe Ratio of -0.0975 which attests that eHi Car Services had -0.0975% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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. eHi Car Services exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out eHi Car Services Market Risk Adjusted Performance of 0.63 and Mean Deviation of 2.24 to validate risk estimate we provide. Macroaxis gives eHi Car performance score of 0 on a scale of 0 to 100. The firm maintains market beta of 0.6579 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.. Even though it is essential to pay attention to eHi Car Services historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining 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. eHi Car Services exposes twenty-one different technical indicators which can help you to evaluate its performance. eHi Car Services has expected return of -0.3218%. Please be advised to check out eHi Car Services Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to decide if eHi Car Services past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.56) 

Good reverse predictability

eHi Car Services Limited has good reverse predictability. Overlapping area represents the amount of predictability between eHi Car time series from August 25, 2018 to September 9, 2018 and September 9, 2018 to September 24, 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 -0.56 indicates that roughly 56.0% 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-0.56
Spearman Rank Test-0.65
Residual Average0.0
Price Variance0.34

eHi Car Services lagged returns against current returns

 Current and Lagged Values 
      Timeline 

eHi Car regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

eHi Car Lagged Returns

 Regressed Prices 
      Timeline 

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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 Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.
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