Kandi Backtesting

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KNDI -- USA Stock  

USD 3.21  0.04  1.23%

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

Kandi Technologies 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in Kandi Technologies on March 5, 2020 and sell it all today you would earn a total of 0.00 from holding Kandi Technologies Group or generate 0.0% return on investment in Kandi Technologies over 90 days. Kandi Technologies is related to or competes with Ford, GM, Fiat Chrysler, Honda, NIO, Niu Technologies, and Kandi Technologies. Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes electric v...

Kandi Technologies Upside/Downside Indicators

Downside Deviation6.86
Information Ratio0.0086
Maximum Drawdown58.56
Value At Risk(11.07)
Potential Upside9.17

Kandi Technologies Market Premium Indicators

Risk Adjusted Performance0.0386
Jensen Alpha0.0641
Total Risk Alpha0.0806
Sortino Ratio0.0101
Treynor Ratio0.1012

Kandi Technologies Backtested Returns

Macroaxis considers Kandi Technologies dangerous given 3 months investment horizon. Kandi Technologies has Sharpe Ratio of 0.0335, which conveys that the firm had 0.0335% of return per unit of risk over the last 3 months. Our philosophy 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. We have found twenty-eight technical indicators for Kandi Technologies, which you can use to evaluate future volatility of the firm. Please exercise Kandi Technologies Group Downside Deviation of 6.86, Mean Deviation of 5.13 and Risk Adjusted Performance of 0.0386 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Kandi Technologies holds performance score of 2. The company secures a Beta (Market Risk) of 0.569, which conveys that as returns on market increase, Kandi Technologies returns are expected to increase less than the market. However, during bear market, the loss on holding Kandi Technologies will be expected to be smaller as well. Although it is vital to follow to Kandi Technologies price patterns, it is good to be conservative about what you can actually 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. By analyzing Kandi Technologies technical indicators you can presently evaluate if the expected return of 0.2652% will be sustainable into the future. Please exercises Kandi Technologies Group Downside Variance, and the relationship between Treynor Ratio and Kurtosis to make a quick decision on weather Kandi Technologies current price movements will revert.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.09) 
correlation synergy

Very weak reverse predictability

Kandi Technologies Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Kandi Technologies time series from 5th of March 2020 to 19th of April 2020 and 19th of April 2020 to 3rd of June 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 Kandi Technologies price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Kandi Technologies price fluctuation can be explain by its past prices. Given that Kandi Technologies Group has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Kandi Technologies for similar time interval.
Correlation Coefficient-0.09
Spearman Rank Test-0.08
Residual Average0.0
Price Variance0.11

Kandi Technologies lagged returns against current returns

 Current and Lagged Values 

Kandi Technologies regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Kandi Technologies Lagged Returns

 Regressed Prices 

Current Sentiment - KNDI

Kandi Technologies Investor Sentiment

Most of Macroaxis users are now bullish on Kandi Technologies Group. What is your trading attitude regarding investing in Kandi Technologies Group? Are you bullish or bearish?
98% Bullish
2% Bearish

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Please see Kandi Technologies Hype Analysis, Kandi Technologies Correlation, Kandi Technologies Valuation, Kandi Technologies Volatility as well as analyze Kandi Technologies Alpha and Beta and Kandi Technologies Performance. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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