Kirloskar Backtesting

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KIRLFER -- India Stock  

INR 73.35  3.40  4.43%

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

Kirloskar Ferrous 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in Kirloskar Ferrous on April 11, 2020 and sell it all today you would earn a total of 0.00 from holding Kirloskar Ferrous Ind or generate 0.0% return on investment in Kirloskar Ferrous over 90 days. Kirloskar Ferrous Industries Limited manufactures and sells iron castings in India

Kirloskar Ferrous Upside/Downside Indicators

Downside Deviation6.36
Information Ratio0.1125
Maximum Drawdown28.39
Value At Risk(4.43)
Potential Upside8.47

Kirloskar Ferrous Market Premium Indicators

Risk Adjusted Performance0.2731
Jensen Alpha0.7021
Total Risk Alpha0.2836
Sortino Ratio0.0871
Treynor Ratio11.41

Kirloskar Ferrous Ind Backtested Returns

Kirloskar Ferrous appears to be very steady, given 3 months investment horizon. Kirloskar Ferrous Ind has Sharpe Ratio of 0.22, which conveys that the firm had 0.22% of return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By analyzing Kirloskar Ferrous Ind technical indicators you can presently evaluate if the expected return of 0.73% is justified by implied risk. Please exercise Kirloskar Ferrous Ind mean deviation of 3.15, downside deviation of 6.36, and risk adjusted performance of 0.2731 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kirloskar Ferrous holds a performance score of 14. The company secures a Beta (Market Risk) of 0.0624, which conveys not very significant fluctuations relative to the market. Let's try to break down what Kirloskar's beta means in this case. As returns on the market increase, Kirloskar Ferrous returns are expected to increase less than the market. However, during the bear market, the loss on holding Kirloskar Ferrous will be expected to be smaller as well. Although it is vital to follow to Kirloskar Ferrous Ind price patterns, it is good to be conservative about what you can do with the information regarding equity historical price patterns. The philosophy towards estimating 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. We have found twenty-one technical indicators for Kirloskar Ferrous, which you can use to evaluate the performance of the firm. Please exercises Kirloskar Ferrous Ind variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to make a quick decision on whether Kirloskar Ferrous Ind current price movements will revert.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.09) 
correlation synergy

Very weak reverse predictability

Kirloskar Ferrous Ind has very weak reverse predictability. Overlapping area represents the amount of predictability between Kirloskar Ferrous time series from 11th of April 2020 to 26th of May 2020 and 26th of May 2020 to 10th of July 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 Kirloskar Ferrous Ind price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Kirloskar Ferrous price fluctuation can be explain by its past prices. Given that Kirloskar Ferrous Ind has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Kirloskar Ferrous for similar time interval.
Correlation Coefficient-0.09
Spearman Rank Test-0.25
Residual Average0.0
Price Variance41.11

Kirloskar Ferrous Ind lagged returns against current returns

 Current and Lagged Values 

Kirloskar Ferrous regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Kirloskar Ferrous Lagged Returns

 Regressed Prices 

Current Sentiment - KIRLFER

Kirloskar Ferrous Ind Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Kirloskar Ferrous Ind. What is your trading attitude regarding investing in Kirloskar Ferrous Ind? Are you bullish or bearish?
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Please see Kirloskar Ferrous Hype Analysis, Kirloskar Ferrous Correlation, Kirloskar Ferrous Valuation, Kirloskar Ferrous Volatility as well as analyze Kirloskar Ferrous Alpha and Beta and Kirloskar Ferrous Performance. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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