Indian Oil (India) Backtesting

IOC -- India Stock  

INR 137.20  6.10  4.65%

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

Indian Oil 'What if' Analysis

December 25, 2018
No Change 0.00  0.0%
In 2 months and 2 days
February 23, 2019
If you would invest  0.00  in Indian Oil on December 25, 2018 and sell it all today you would earn a total of 0.00 from holding Indian Oil Corporation Limited or generate 0.0% return on investment in Indian Oil over 60 days. Indian Oil is related to or competes with Reliance Industries, Reliance Industries, Indian Oil, Bharat Petroleum, Bharat Petroleum, and Hindustan Petroleum. Indian Oil Corporation Limited, together with its subsidiaries, engages in refining, pipeline transportation, and market...

Indian Oil Upside/Downside Indicators

Information Ratio(0.13)
Maximum Drawdown10.71
Value At Risk(3.67)
Potential Upside3.21

Indian Oil Market Premium Indicators

Risk Adjusted Performance(0.029213)
Jensen Alpha(0.026706)
Total Risk Alpha(0.36)
Treynor Ratio0.5024

Indian Oil Limited Backtested Returns

We consider Indian Oil not too risky. Indian Oil Limited holds Efficiency (Sharpe) Ratio of 0.0338 which attests that the entity had 0.0338% 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 Indian Oil Limited which you can use to evaluate future volatility of the corporation. Please check out Indian Oil Market Risk Adjusted Performance of 0.5124 and Risk Adjusted Performance of (0.029213) to validate if risk estimate we provide are consistent with the epected return of 0.0748%. Indian Oil has performance score of 2 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.1012 which attests that as returns on market increase, returns on owning Indian Oil are expected to decrease at a much smaller rate. During bear market, Indian Oil is likely to outperform the market. Although it is extremely important to respect Indian Oil 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 Indian Oil Limited technical indicators you can presently evaluate if the expected return of 0.0748% will be sustainable into the future. Indian Oil Limited right now retains a risk of 2.2117%. Please check out Indian Oil Information Ratio, Value At Risk and the relationship between Standard Deviation and Treynor Ratio to decide if Indian Oil will be following its current trending patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.47) 
correlation synergy

Modest reverse predictability

Indian Oil Corporation Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Indian Oil time series from December 25, 2018 to January 24, 2019 and January 24, 2019 to February 23, 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 Indian Oil Limited price movement. The serial correlation of -0.47 indicates that about 47.0% of current Indian Oil price fluctuation can be explain by its past prices. Given that Indian Oil Corporation Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Indian Oil for similar time interval.
Correlation Coefficient-0.47
Spearman Rank Test-0.11
Residual Average0.0
Price Variance23.16

Indian Oil Limited lagged returns against current returns

 Current and Lagged Values 

Indian Oil regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Indian Oil Lagged Returns

 Regressed Prices 

Current Sentiment - IOC

Indian Oil Limited Investor Sentiment

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

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Please also check Indian Oil Hype Analysis, Indian Oil Correlation, Indian Oil Valuation, Indian Oil Volatility as well as analyze Indian Oil Alpha and Beta and Indian Oil Performance. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..