HB Portfolio (India) Backtesting

HBPOR -- India Stock  

INR 21.75  0.05  0.23%

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

HB Portfolio 'What if' Analysis

March 24, 2019
0.00
No Change 0.00  0.0%
In 2 months and 1 day
May 23, 2019
0.00
If you would invest  0.00  in HB Portfolio on March 24, 2019 and sell it all today you would earn a total of 0.00 from holding HB Portfolio Limited or generate 0.0% return on investment in HB Portfolio over 60 days. HB Portfolio is related to or competes with Aditya Birla, Indiabulls Ventures, CRISIL, JM Financial, JM Financial, Tata Investment, and CARE Ratings. The company primarily invests in equity shares, preference shares, mutual funds, etc

HB Portfolio Upside/Downside Indicators

Information Ratio(0.06)
Maximum Drawdown15.94
Value At Risk(4.56)
Potential Upside4.27

HB Portfolio Market Premium Indicators

Risk Adjusted Performance(0.028328)
Jensen Alpha(0.16)
Total Risk Alpha(0.18)
Treynor Ratio0.5241

HB Portfolio Limited Backtested Returns

Macroaxis considers HB Portfolio to be slightly risky. HB Portfolio Limited retains Efficiency (Sharpe Ratio) of -0.0631 which attests that the company had -0.0631% of return per unit of price deviation over the last 2 months. Macroaxis way in which we are 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. HB Portfolio exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out HB Portfolio Limited Market Risk Adjusted Performance of 0.5341 and Standard Deviation of 2.94 to validate risk estimate we provide. The corporation owns Beta (Systematic Risk) of -0.3065 which attests that as returns on market increase, returns on owning HB Portfolio are expected to decrease at a much smaller rate. During bear market, HB Portfolio is likely to outperform the market. Even though it is essential to pay attention to HB Portfolio Limited existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are 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. HB Portfolio exposes twenty-one different technical indicators which can help you to evaluate its performance. HB Portfolio Limited has expected return of -0.1932%. Please be advised to check out HB Portfolio Limited Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if HB Portfolio Limited past performance will be repeated sooner or later.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.64) 
correlation synergy

Very good reverse predictability

HB Portfolio Limited has very good reverse predictability. Overlapping area represents the amount of predictability between HB Portfolio time series from March 24, 2019 to April 23, 2019 and April 23, 2019 to May 23, 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 HB Portfolio Limited price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current HB Portfolio price fluctuation can be explain by its past prices. Given that HB Portfolio Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of HB Portfolio for similar time interval.
Correlation Coefficient-0.64
Spearman Rank Test-0.69
Residual Average0.0
Price Variance0.68

HB Portfolio Limited lagged returns against current returns

 Current and Lagged Values 
      Timeline 

HB Portfolio regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

HB Portfolio Lagged Returns

 Regressed Prices 
      Timeline 

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Please also check HB Portfolio Hype Analysis, HB Portfolio Correlation, HB Portfolio Valuation, HB Portfolio Volatility as well as analyze HB Portfolio Alpha and Beta and HB Portfolio Performance. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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