HR Block Backtesting

HRB -- USA Stock  

USD 24.41  0.01  0.041%

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

HR Block 'What if' Analysis

June 22, 2018
No Change 0.00  0.0%
In 31 days
July 22, 2018
If you would invest  0.00  in HR Block on June 22, 2018 and sell it all today you would earn a total of 0.00 from holding HR Block or generate 0.0% return on investment in HR Block over 30 days. HR Block is related to or competes with Carriage Services, EnviroStar, nFsz, Regis, Matthews International, and MOBETIZE CORP. HR Block, Inc., through its subsidiaries, provides assisted income tax return preparation, digital do-it-yourself tax so...

HR Block Upside/Downside Indicators

Downside Deviation1.22
Information Ratio0.034938
Maximum Drawdown2.74
Value At Risk2.04
Potential Upside1.92

HR Block Market Premium Indicators

Risk Adjusted Performance0.0352
Jensen Alpha0.064
Total Risk Alpha0.16
Sortino Ratio0.031441
Treynor Ratio0.88

HR Block Backtested Returns

Macroaxis considers HR Block not too risky given 1 month investment horizon. HR Block retains Efficiency (Sharpe Ratio) of 0.3477 which attests that HR Block had 0.3477% of return per unit of price deviation over the last 1 month. Our way in which we are determining volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for HR Block which you can use to evaluate future volatility of the corporation. Please utilize HR Block Standard Deviation of 1.1, Market Risk Adjusted Performance of 0.87 and Semi Deviation of 1.12 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 HR Block holds performance score of 23. The company owns Beta (Systematic Risk) of -0.0658 which attests that as returns on market increase, returns on owning HR Block are expected to decrease at a much smaller rate. During bear market, HR Block is likely to outperform the market.. Although it is vital to follow to HR Block existing price patterns, it is good to be conservative about what you can actually do with the information regarding equity price patterns. The way in which we are determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting HR Block technical indicators you can at this moment evaluate if the expected return of 0.285% will be sustainable into the future. Please utilizes HR Block Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to make a quick decision on weather HR Block current price history will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.70 

Good predictability

HR Block has good predictability. Overlapping area represents the amount of predictability between HR Block time series from June 22, 2018 to July 7, 2018 and July 7, 2018 to July 22, 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 HR Block price movement. The serial correlation of 0.7 indicates that around 70.0% of current HR Block price fluctuation can be explain by its past prices.
Correlation Coefficient 0.7
Spearman Rank Test 0.58
Price Variance 0.07
Lagged Price Variance 0.14

HR Block lagged returns against current returns

 Current and Lagged Values 

HR Block regressed lagged prices vs. current prices

 Current vs Lagged Prices 

HR Block Lagged Returns

 Regressed Prices 

Current Sentiment - HRB

HR Block Investor Sentiment
Greater number of Macroaxis users are currently bullish on HR Block. What is your judgment towards investing in HR Block? Are you bullish or bearish?
98% Bullish
2% Bearish

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Please also check HR Block Hype Analysis, HR Block Correlation, HR Block Valuation, HR Block Volatility as well as analyze HR Block Alpha and Beta and HR Block Performance. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.