IDFC Backtesting

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IDFC -- India Stock  

INR 15.65  0.10  0.64%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of IDFC LIMITED and determine expected loss or profit from investing in IDFC over given investment horizon. Please see IDFC Hype Analysis, IDFC Correlation, IDFC Valuation, IDFC Volatility as well as analyze IDFC Alpha and Beta and IDFC Performance.

IDFC 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in IDFC on March 6, 2020 and sell it all today you would earn a total of 0.00 from holding IDFC LIMITED or generate 0.0% return on investment in IDFC over 90 days. IDFC Limited, together with its subsidiaries, operates as a non-banking financial company in India

IDFC Upside/Downside Indicators

Information Ratio(0.20)
Maximum Drawdown27.47
Value At Risk(11.50)
Potential Upside6.59

IDFC Market Premium Indicators

Risk Adjusted Performance(0.73)
Jensen Alpha(1.02)
Total Risk Alpha(1.15)
Treynor Ratio26.82

IDFC LIMITED Backtested Returns

Macroaxis considers IDFC to be slightly risky. IDFC LIMITED holds Efficiency (Sharpe) Ratio of -0.1796, which attests that the entity had -0.1796% of return per unit of return volatility over the last 3 months. Macroaxis approach into determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. IDFC 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 IDFC Market Risk Adjusted Performance of 26.83 and Risk Adjusted Performance of (0.73) to validate the risk estimate we provide. The company retains a Market Volatility (i.e. Beta) of -0.0381, which attests that as returns on market increase, returns on owning IDFC are expected to decrease at a much smaller rate. During bear market, IDFC is likely to outperform the market. Even though it is essential to pay attention to IDFC LIMITED current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis approach into 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. IDFC LIMITED exposes twenty-one different technical indicators, which can help you to evaluate its performance. IDFC LIMITED has an expected return of -1.0413%. Please be advised to check out IDFC Coefficient Of Variation, Variance and the relationship between Downside Deviation and Standard Deviation to decide if IDFC LIMITED stock performance from the past will be repeated in the future.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.93 
correlation synergy

Excellent predictability

IDFC LIMITED has excellent predictability. Overlapping area represents the amount of predictability between IDFC time series from 6th of March 2020 to 20th of April 2020 and 20th of April 2020 to 4th of June 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of IDFC LIMITED price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current IDFC price fluctuation can be explain by its past prices.
Correlation Coefficient0.93
Spearman Rank Test0.67
Residual Average0.0
Price Variance0.64

IDFC LIMITED lagged returns against current returns

 Current and Lagged Values 

IDFC regressed lagged prices vs. current prices

 Current vs Lagged Prices 

IDFC Lagged Returns

 Regressed Prices 

Current Sentiment - IDFC

IDFC LIMITED Investor Sentiment

Most of Macroaxis users are currently bullish on IDFC LIMITED. What is your judgment towards investing in IDFC LIMITED? Are you bullish or bearish?
98% Bullish
2% Bearish

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Please see IDFC Hype Analysis, IDFC Correlation, IDFC Valuation, IDFC Volatility as well as analyze IDFC Alpha and Beta and IDFC Performance. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page