IndusInd Bank (India) Backtesting

INDUSINDBK -- India Stock  

INR 1,501  28.05  1.90%

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

IndusInd Bank 'What if' Analysis

May 18, 2019
No Change 0.00  0.0%
In 2 months and 2 days
July 17, 2019
If you would invest  0.00  in IndusInd Bank on May 18, 2019 and sell it all today you would earn a total of 0.00 from holding IndusInd Bank Limited or generate 0.0% return on investment in IndusInd Bank over 60 days. IndusInd Bank is related to or competes with IndusInd Bank, Punjab National, Bank of India Limited, RBL Bank, RBL Bank, Canara Bank, and Federal Bank. IndusInd Bank Limited provides various banking products and services to individuals, NRIs, business owners, corporates, ...

IndusInd Bank Upside/Downside Indicators

Information Ratio(0.13)
Maximum Drawdown21.66
Value At Risk(5.44)
Potential Upside3.18

IndusInd Bank Market Premium Indicators

Risk Adjusted Performance(0.04941)
Jensen Alpha(0.22)
Total Risk Alpha(1.05)
Treynor Ratio0.4619

IndusInd Bank Limited Backtested Returns

We consider IndusInd Bank very steady. IndusInd Bank Limited holds Efficiency (Sharpe) Ratio of 0.025 which attests that the entity had 0.025% of return per unit of risk over the last 2 months. Our philosophy towards 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 IndusInd Bank Limited which you can use to evaluate future volatility of the corporation. Please check out IndusInd Bank Risk Adjusted Performance of (0.04941) and Market Risk Adjusted Performance of 0.4719 to validate if risk estimate we provide are consistent with the epected return of 0.0968%. IndusInd Bank has performance score of 1 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.6905 which attests that as returns on market increase, returns on owning IndusInd Bank are expected to decrease at a much smaller rate. During bear market, IndusInd Bank is likely to outperform the market. Although it is extremely important to respect IndusInd Bank Limited current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards 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 evaluating IndusInd Bank Limited technical indicators you can presently evaluate if the expected return of 0.0968% will be sustainable into the future. IndusInd Bank Limited right now retains a risk of 3.8766%. Please check out IndusInd Bank Mean Deviation, Information Ratio as well as the relationship between Information Ratio and Downside Variance to decide if IndusInd Bank will be following its current trending patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.40) 
correlation synergy

Poor reverse predictability

IndusInd Bank Limited has poor reverse predictability. Overlapping area represents the amount of predictability between IndusInd Bank time series from May 18, 2019 to June 17, 2019 and June 17, 2019 to July 17, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of IndusInd Bank Limited price movement. The serial correlation of -0.4 indicates that just about 40.0% of current IndusInd Bank price fluctuation can be explain by its past prices. Given that IndusInd Bank Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of IndusInd Bank for similar time interval.
Correlation Coefficient-0.4
Spearman Rank Test-0.1
Residual Average0.0
Price Variance270.2

IndusInd Bank Limited lagged returns against current returns

 Current and Lagged Values 

IndusInd Bank regressed lagged prices vs. current prices

 Current vs Lagged Prices 

IndusInd Bank Lagged Returns

 Regressed Prices 

Current Sentiment - INDUSINDBK

IndusInd Bank Limited Investor Sentiment

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

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Please also check IndusInd Bank Hype Analysis, IndusInd Bank Correlation, IndusInd Bank Valuation, IndusInd Bank Volatility as well as analyze IndusInd Bank Alpha and Beta and IndusInd Bank Performance. Please also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.