Hind Rectifiers (India) Backtesting

HIRECT -- India Stock  

INR 121.60  6.25  4.89%

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

August 25, 2018
0.00
No Change 0.00  0.0%
In 30 days
September 24, 2018
0.00
If you would invest  0.00  in Hind Rectifiers on August 25, 2018 and sell it all today you would earn a total of 0.00 from holding Hind Rectifiers Limited or generate 0.0% return on investment in Hind Rectifiers over 30 days. Hind Rectifiers is related to or competes with Tata Consultancy, Tata Consultancy, Reliance Industries, Reliance Industries, HDFC Bank, HDFC Bank, and ITC. Hind Rectifiers Limited manufactures and markets semi-conductor devices, power electronic products, and loco transformer...

Hind Rectifiers Upside/Downside Indicators

Information Ratio0.11
Maximum Drawdown12.4
Value At Risk4.33
Potential Upside4.83
  

Hind Rectifiers Market Premium Indicators

Risk Adjusted Performance0.015994
Jensen Alpha0.50
Total Risk Alpha1.24
Treynor Ratio0.08

Hind Rectifiers Limited Backtested Returns

Macroaxis considers Hind Rectifiers to be not too risky. Hind Rectifiers Limited holds Efficiency (Sharpe) Ratio of -0.1971 which attests that Hind Rectifiers Limited had -0.1971% 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. Hind Rectifiers Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hind Rectifiers Market Risk Adjusted Performance of 0.07 and Risk Adjusted Performance of 0.015994 to validate risk estimate we provide. Macroaxis gives Hind Rectifiers performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 1.982 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Hind Rectifiers will likely underperform.. Even though it is essential to pay attention to Hind Rectifiers Limited current price history, it is always good to be careful when utilizing equity current price movements. 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. Hind Rectifiers Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Hind Rectifiers Limited has expected return of -0.5096%. Please be advised to check out Hind Rectifiers Maximum Drawdown, and the relationship between Information Ratio and Downside Variance to decide if Hind Rectifiers Limited past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.12 

Insignificant predictability

Hind Rectifiers Limited has insignificant predictability. Overlapping area represents the amount of predictability between Hind Rectifiers 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 Hind Rectifiers Limited price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Hind Rectifiers price fluctuation can be explain by its past prices.
Correlation Coefficient0.12
Spearman Rank Test-0.42
Residual Average0.0
Price Variance17.28

Hind Rectifiers Limited lagged returns against current returns

 Current and Lagged Values 
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Hind Rectifiers regressed lagged prices vs. current prices

 Current vs Lagged Prices 
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Hind Rectifiers Lagged Returns

 Regressed Prices 
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Current Sentiment - HIRECT

Hind Rectifiers Limited Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in Hind Rectifiers Limited. What is your judgment towards investing in Hind Rectifiers Limited? Are you bullish or bearish?
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Please also check Hind Rectifiers Hype Analysis, Hind Rectifiers Correlation, Hind Rectifiers Valuation, Hind Rectifiers Volatility as well as analyze Hind Rectifiers Alpha and Beta and Hind Rectifiers Performance. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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