Grasim Industries (India) Backtesting

GRASIM -- India Stock  

INR 807.85  12.30  1.50%

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

Grasim Industries 'What if' Analysis

November 18, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
January 17, 2019
0.00
If you would invest  0.00  in Grasim Industries on November 18, 2018 and sell it all today you would earn a total of 0.00 from holding Grasim Industries Limited or generate 0.0% return on investment in Grasim Industries over 60 days. Grasim Industries is related to or competes with UltraTech Cement, ACC, Ramco Cements, Century Textiles, Kajaria Ceramics, Carborundum Universal, and Carborundum Universal. Grasim Industries Limited, together with its subsidiaries, manufactures and sells viscose staple fiber, chemicals, cemen...

Grasim Industries Upside/Downside Indicators

Information Ratio0.0505
Maximum Drawdown8.85
Value At Risk(3.63)
Potential Upside2.29
  

Grasim Industries Market Premium Indicators

Risk Adjusted Performance(0.07)
Jensen Alpha(0.07)
Total Risk Alpha0.1012
Treynor Ratio(1.31)

Grasim Industries Backtested Returns

Macroaxis considers Grasim Industries to be not too risky. Grasim Industries holds Efficiency (Sharpe) Ratio of -0.0536 which attests that Grasim Industries had -0.0536% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy in 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. Grasim Industries exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Grasim Industries Market Risk Adjusted Performance of (1.30) and Risk Adjusted Performance of (0.07) to validate risk estimate we provide. Macroaxis gives Grasim Industries performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.0619 which attests that as returns on market increase, Grasim Industries returns are expected to increase less than the market. However during bear market, the loss on holding Grasim Industries will be expected to be smaller as well. . Even though it is essential to pay attention to Grasim Industries current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy in 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. Grasim Industries exposes twenty-one different technical indicators which can help you to evaluate its performance. Grasim Industries has expected return of -0.096%. Please be advised to check out Grasim Industries Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if Grasim Industries past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.13 
correlation synergy

Insignificant predictability

Grasim Industries Limited has insignificant predictability. Overlapping area represents the amount of predictability between Grasim Industries time series from November 18, 2018 to December 18, 2018 and December 18, 2018 to January 17, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Grasim Industries price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Grasim Industries price fluctuation can be explain by its past prices.
Correlation Coefficient0.13
Spearman Rank Test0.66
Residual Average0.0
Price Variance223.79

Grasim Industries lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Grasim Industries regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Grasim Industries Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - GRASIM

Grasim Industries Investor Sentiment

Most of Macroaxis users are currently bullish on Grasim Industries Limited. What is your judgment towards investing in Grasim Industries Limited? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please also check Grasim Industries Hype Analysis, Grasim Industries Correlation, Grasim Industries Valuation, Grasim Industries Volatility as well as analyze Grasim Industries Alpha and Beta and Grasim Industries Performance. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.
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