IEL Backtesting

<div class='circular--portrait' style='background:#006400;color: #FFE4E1;font-size:3em;padding-top: 38px;;'>IEL</div>
INDXTRA -- India Stock  

INR 1.37  0.06  4.20%

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

IEL 'What if' Analysis

No Change 0.00  0.0 
In 2 months and 31 days
If you would invest  0.00  in IEL on February 27, 2020 and sell it all today you would earn a total of 0.00 from holding IEL LIMITED or generate 0.0% return on investment in IEL over 90 days. The company also provides marketing and business support services

IEL Upside/Downside Indicators

Information Ratio(0.18)
Maximum Drawdown13.09
Value At Risk(4.61)

IEL Market Premium Indicators

Risk Adjusted Performance(1.00)
Jensen Alpha(0.58)
Total Risk Alpha(0.48)
Treynor Ratio5.17

IEL LIMITED Backtested Returns

Macroaxis considers IEL to be risky. IEL LIMITED holds Efficiency (Sharpe) Ratio of -0.0629, which attests that the entity had -0.0629% of return per unit of risk over the last 3 months. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. IEL LIMITED exposes twenty-six different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out IEL Risk Adjusted Performance of (1.00) and Market Risk Adjusted Performance of 5.18 to validate the risk estimate we provide. The company retains a Market Volatility (i.e. Beta) of -0.1086, which attests that as returns on market increase, returns on owning IEL are expected to decrease at a much smaller rate. During bear market, IEL is likely to outperform the market. Even though it is essential to pay attention to IEL LIMITED current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards 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. IEL LIMITED exposes twenty-six different technical indicators, which can help you to evaluate its performance. IEL LIMITED has an expected return of -0.1127%. Please be advised to check out IEL Maximum Drawdown as well as the relationship between Skewness and Price Action Indicator to decide if IEL LIMITED stock performance from the past will be repeated in the future.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.00 
correlation synergy

No correlation between past and present

IEL LIMITED has no correlation between past and present. Overlapping area represents the amount of predictability between IEL time series from 27th of February 2020 to 12th of April 2020 and 12th of April 2020 to 27th of May 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 IEL LIMITED price movement. The serial correlation of 0.0 indicates that just 0.0% of current IEL price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test0.45
Residual Average0.0
Price Variance0.0

IEL LIMITED lagged returns against current returns

 Current and Lagged Values 

IEL regressed lagged prices vs. current prices

 Current vs Lagged Prices 

IEL Lagged Returns

 Regressed Prices 

Current Sentiment - INDXTRA

IEL LIMITED Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in IEL LIMITED. What is your judgment towards investing in IEL LIMITED? Are you bullish or bearish?
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Please see IEL Hype Analysis, IEL Correlation, IEL Valuation, IEL Volatility as well as analyze IEL Alpha and Beta and IEL Performance. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.
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