GLOBAL Backtesting

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GLOBOFFS -- India Stock  

INR 5.70  0.20  3.64%

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

GLOBAL OFFSHORE 'What if' Analysis

0.00
04/08/2020
No Change 0.00  0.0 
In 2 months and 31 days
07/07/2020
0.00
If you would invest  0.00  in GLOBAL OFFSHORE on April 8, 2020 and sell it all today you would earn a total of 0.00 from holding GLOBAL OFFSHORE SE or generate 0.0% return on investment in GLOBAL OFFSHORE over 90 days. Global Offshore Services Limited engages in the charter of offshore support vessels in India, the North Sea, Brazil, and...

GLOBAL OFFSHORE Upside/Downside Indicators

Downside Deviation14.91
Information Ratio0.1011
Maximum Drawdown229.85
Value At Risk(8.00)
Potential Upside9.9

GLOBAL OFFSHORE Market Premium Indicators

Risk Adjusted Performance0.2505
Jensen Alpha2.25
Total Risk Alpha(0.23)
Sortino Ratio0.1552
Treynor Ratio2.05

GLOBAL OFFSHORE SE Backtested Returns

GLOBAL OFFSHORE SE holds Efficiency (Sharpe) Ratio of -0.0037, which attests that the entity had -0.0037% of return per unit of volatility over the last 3 months. Macroaxis approach towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. GLOBAL OFFSHORE SE exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out GLOBAL OFFSHORE market risk adjusted performance of 2.06, and risk adjusted performance of 0.2505 to validate the risk estimate we provide. The company retains a Market Volatility (i.e. Beta) of 1.253, which attests to somewhat significant risk relative to the market. Let's try to break down what GLOBAL's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GLOBAL OFFSHORE will likely underperform. Even though it is essential to pay attention to GLOBAL OFFSHORE SE current price history, it is always good to be careful when utilizing equity current price movements. Our approach towards determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. GLOBAL OFFSHORE SE exposes twenty-one different technical indicators, which can help you to evaluate its performance. GLOBAL OFFSHORE SE has an expected return of -0.0376%. Please be advised to check out GLOBAL OFFSHORE standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if GLOBAL OFFSHORE SE stock performance from the past will be repeated at future time.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.41) 
correlation synergy

Modest reverse predictability

GLOBAL OFFSHORE SE has modest reverse predictability. Overlapping area represents the amount of predictability between GLOBAL OFFSHORE time series from 8th of April 2020 to 23rd of May 2020 and 23rd of May 2020 to 7th 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 GLOBAL OFFSHORE SE price movement. The serial correlation of -0.41 indicates that just about 41.0% of current GLOBAL OFFSHORE price fluctuation can be explain by its past prices. Given that GLOBAL OFFSHORE SE has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of GLOBAL OFFSHORE for similar time interval.
Correlation Coefficient-0.41
Spearman Rank Test-0.76
Residual Average0.0
Price Variance1.08

GLOBAL OFFSHORE SE lagged returns against current returns

 Current and Lagged Values 
      Timeline 

GLOBAL OFFSHORE regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

GLOBAL OFFSHORE Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - GLOBOFFS

GLOBAL OFFSHORE SE Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in GLOBAL OFFSHORE SE. What is your judgment towards investing in GLOBAL OFFSHORE SE? Are you bullish or bearish?
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Please check GLOBAL OFFSHORE Hype Analysis, GLOBAL OFFSHORE Correlation, GLOBAL OFFSHORE Valuation, GLOBAL OFFSHORE Volatility as well as analyze GLOBAL OFFSHORE Alpha and Beta and GLOBAL OFFSHORE Performance. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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