INDOVATION TECHNOLOGIES (India) Backtesting

INDOVATION -- India Stock  

INR 11.20  0.00  0.00%

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

INDOVATION TECHNOLOGIES 'What if' Analysis

August 25, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 24, 2018
0.00
If you would invest  0.00  in INDOVATION TECHNOLOGIES on August 25, 2018 and sell it all today you would earn a total of 0.00 from holding INDOVATION TECHNOLOGIES LTD or generate 0.0% return on investment in INDOVATION TECHNOLOGIES over 30 days. INDOVATION TECHNOLOGIES is related to or competes with Tata Consultancy, Tata Consultancy, Reliance Industries, Reliance Industries, HDFC Bank, HDFC Bank, and ITC. Titan Intech Limited engages in the design, development, manufacture, and distribution of LED based lighting products in...

INDOVATION TECHNOLOGIES Upside/Downside Indicators

Information Ratio0.07
Maximum Drawdown8.03
  

INDOVATION TECHNOLOGIES Market Premium Indicators

Risk Adjusted Performance0.0384
Jensen Alpha0.1262
Total Risk Alpha0.39
Treynor Ratio0.28

INDOVATION TECHNOLOGIES Backtested Returns

We consider INDOVATION TECHNOLOGIES not very risky. INDOVATION TECHNOLOGIES holds Efficiency (Sharpe) Ratio of 0.0736 which attests that INDOVATION TECHNOLOGIES had 0.0736% of return per unit of return volatility over the last 1 month. Our approach to determining volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for INDOVATION TECHNOLOGIES which you can use to evaluate future volatility of the corporation. Please check out INDOVATION TECHNOLOGIES Market Risk Adjusted Performance of 0.27 and Risk Adjusted Performance of 0.0384 to validate if risk estimate we provide are consistent with the epected return of 0.0985%. INDOVATION TECHNOLOGIES has performance score of 4 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.2809 which attests that as returns on market increase, returns on owning INDOVATION TECHNOLOGIES are expected to decrease at a much smaller rate. During bear market, INDOVATION TECHNOLOGIES is likely to outperform the market.. Although it is extremely important to respect INDOVATION TECHNOLOGIES current price history, it is better to be realistic regarding the information on equity current price movements. The approach to 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 examining INDOVATION TECHNOLOGIES technical indicators you can today evaluate if the expected return of 0.0985% will be sustainable into the future. INDOVATION TECHNOLOGIES now retains a risk of 1.3375%. Please check out INDOVATION TECHNOLOGIES Mean Deviation, Information Ratio as well as the relationship between Information Ratio and Downside Variance to decide if INDOVATION TECHNOLOGIES will be following its current trending patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 

No correlation between past and present

INDOVATION TECHNOLOGIES LTD has no correlation between past and present. Overlapping area represents the amount of predictability between INDOVATION TECHNOLOGIES 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 INDOVATION TECHNOLOGIES price movement. The serial correlation of 0.0 indicates that just 0.0% of current INDOVATION TECHNOLOGIES price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.56
Residual Average0.0
Price Variance0.0

INDOVATION TECHNOLOGIES lagged returns against current returns

 Current and Lagged Values 
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INDOVATION TECHNOLOGIES regressed lagged prices vs. current prices

 Current vs Lagged Prices 
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INDOVATION TECHNOLOGIES Lagged Returns

 Regressed Prices 
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Current Sentiment - INDOVATION

INDOVATION TECHNOLOGIES Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in INDOVATION TECHNOLOGIES LTD. What is your judgment towards investing in INDOVATION TECHNOLOGIES LTD? Are you bullish or bearish?
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Please also check INDOVATION TECHNOLOGIES Hype Analysis, INDOVATION TECHNOLOGIES Correlation, INDOVATION TECHNOLOGIES Valuation, INDOVATION TECHNOLOGIES Volatility as well as analyze INDOVATION TECHNOLOGIES Alpha and Beta and INDOVATION TECHNOLOGIES Performance. Please also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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