HR Block Backtesting

HR Block -- USA Stock  

USD 26.69  0.41  1.51%

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

February 20, 2018
No Change 0.00  0.0%
In 2 months and 2 days
April 21, 2018
If you would invest  0.00  in HR Block on February 20, 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 60 days. HR Block is related to or competes with AECOM, Accenture plc, Booz Allen, DST Systems, Marsh McLennan, and MCDONALDS CP. HR Block, Inc., through its subsidiaries, provides assisted income tax return preparation, digital do-it-yourself tax so...

HR Block Upside/Downside Indicators

Information Ratio0.0075
Maximum Drawdown15.18
Value At Risk3.50
Potential Upside3.09

HR Block Market Premium Indicators

Risk Adjusted Performance0.02438
Jensen Alpha0.04033
Total Risk Alpha0.0628
Treynor Ratio0.29

HR Block Backtested Returns

We consider HR Block not very risky. HR Block retains Efficiency (Sharpe Ratio) of 0.0102 which attests that HR Block had 0.0102% of return per unit of price deviation over the last 2 months. 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 check out HR Block Standard Deviation of 2.64 and Market Risk Adjusted Performance of 0.28 to validate if risk estimate we provide are consistent with the epected return of 0.0268%. HR Block has performance score of 0 on a scale of 0 to 100. The company owns Beta (Systematic Risk) of 0.1892 which attests that as returns on market increase, HR Block returns are expected to increase less than the market. However during bear market, the loss on holding HR Block will be expected to be smaller as well.. Although it is extremely important to respect HR Block existing price patterns, it is better to be realistic regarding the information on 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 0.0268% will be sustainable into the future. HR Block today owns a risk of 2.6295%. Please check out HR Block Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to decide if HR Block will be following its current price history.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.15 

Insignificant predictability

HR Block has insignificant predictability. Overlapping area represents the amount of predictability between HR Block time series from February 20, 2018 to March 22, 2018 and March 22, 2018 to April 21, 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 0.15 indicates that less than 15.0% of current HR Block price fluctuation can be explain by its past prices.
Correlation Coefficient 0.15
Spearman Rank Test 0.21
Price Variance 0.36
Lagged Price Variance 0.91

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 

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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 Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.