KAVIT INDUSTRIES (India) Backtesting

KAVITIND -- India Stock  

INR 31.00  2.85  10.12%

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

KAVIT INDUSTRIES 'What if' Analysis

August 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 20, 2018
0.00
If you would invest  0.00  in KAVIT INDUSTRIES on August 21, 2018 and sell it all today you would earn a total of 0.00 from holding KAVIT INDUSTRIES LIMITED or generate 0.0% return on investment in KAVIT INDUSTRIES over 30 days. KAVIT INDUSTRIES is related to or competes with Tata Consultancy, Tata Consultancy, Reliance Industries, Reliance Industries, HDFC Bank, HDFC Bank, and ITC. Kavit Industries Limited, together with its subsidiary, trades in edible oil, garments, agricultural products, and other...

KAVIT INDUSTRIES Upside/Downside Indicators

Information Ratio0.25
Maximum Drawdown16.07
Value At Risk8.42
Potential Upside2.82
  

KAVIT INDUSTRIES Market Premium Indicators

Risk Adjusted Performance0.08
Jensen Alpha0.88
Total Risk Alpha1.60
Treynor Ratio0.80

KAVIT INDUSTRIES LIMITED Backtested Returns

Macroaxis considers KAVIT INDUSTRIES to be not very volatile. KAVIT INDUSTRIES LIMITED has Sharpe Ratio of -0.0706 which conveys that KAVIT INDUSTRIES LIMITED had -0.0706% of return per unit of standard deviation over the last 1 month. Macroaxis approach into estimating 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. KAVIT INDUSTRIES exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify KAVIT INDUSTRIES LIMITED Mean Deviation of 2.23 to check out risk estimate we provide. Macroaxis gives KAVIT INDUSTRIES performance score of 0 on a scale of 0 to 100. The corporation secures Beta (Market Risk) of 0.983 which conveys that KAVIT INDUSTRIES returns are very sensitive to returns on the market. as market goes up or down, KAVIT INDUSTRIES is expected to follow.. Even though it is essential to pay attention to KAVIT INDUSTRIES LIMITED price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis approach into estimating 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. KAVIT INDUSTRIES exposes twenty-one different technical indicators which can help you to evaluate its performance. KAVIT INDUSTRIES LIMITED has expected return of -0.3502%. Please be advised to verify KAVIT INDUSTRIES LIMITED Jensen Alpha and Downside Variance to decide if KAVIT INDUSTRIES LIMITED past performance will be repeated at future time.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.47) 

Modest reverse predictability

KAVIT INDUSTRIES LIMITED has modest reverse predictability. Overlapping area represents the amount of predictability between KAVIT INDUSTRIES time series from August 21, 2018 to September 5, 2018 and September 5, 2018 to September 20, 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 KAVIT INDUSTRIES LIMITED price movement. The serial correlation of -0.47 indicates that about 47.0% of current KAVIT INDUSTRIES price fluctuation can be explain by its past prices. Given that KAVIT INDUSTRIES LIMITED has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of KAVIT INDUSTRIES for similar time interval.
Correlation Coefficient-0.47
Spearman Rank Test-0.44
Residual Average0.0
Price Variance4.81

KAVIT INDUSTRIES LIMITED lagged returns against current returns

 Current and Lagged Values 
      Timeline 

KAVIT INDUSTRIES regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

KAVIT INDUSTRIES Lagged Returns

 Regressed Prices 
      Timeline 

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Please see also KAVIT INDUSTRIES Hype Analysis, KAVIT INDUSTRIES Correlation, KAVIT INDUSTRIES Valuation, KAVIT INDUSTRIES Volatility as well as analyze KAVIT INDUSTRIES Alpha and Beta and KAVIT INDUSTRIES Performance. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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