MANUGRAPH Backtesting

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MANUGRAPH -- India Stock  

INR 10.75  0.35  3.37%

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

MANUGRAPH INDIA 'What if' Analysis

No Change 0.00  0.0 
In 2 months and 31 days
If you would invest  0.00  in MANUGRAPH INDIA on April 4, 2020 and sell it all today you would earn a total of 0.00 from holding MANUGRAPH INDIA LT or generate 0.0% return on investment in MANUGRAPH INDIA over 90 days. Manugraph India Limited manufactures and sells printing machines in India

MANUGRAPH INDIA Upside/Downside Indicators

Downside Deviation3.97
Information Ratio(0.039464)
Maximum Drawdown14.52
Value At Risk(4.52)
Potential Upside7.77

MANUGRAPH INDIA Market Premium Indicators

Risk Adjusted Performance0.0724
Total Risk Alpha(0.35)
Sortino Ratio(0.037888)

MANUGRAPH INDIA LT Backtested Returns

MANUGRAPH INDIA appears to be somewhat reliable, given 3 months investment horizon. MANUGRAPH INDIA LT has Sharpe Ratio of 0.25, which conveys that the company had 0.25% of return per unit of volatility over the last 3 months. Our way of 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 evaluating MANUGRAPH INDIA LT technical indicators you can today evaluate if the expected return of 0.84% is justified by implied risk. Please exercise MANUGRAPH INDIA LT mean deviation of 2.74, and downside deviation of 3.97 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, MANUGRAPH INDIA holds a performance score of 16. The firm secures a Beta (Market Risk) of 0.0, which conveys that not very significant volatility relative to the market. Let's try to break down what MANUGRAPH's beta means in this case. the returns on MARKET and MANUGRAPH INDIA are completely uncorrelated. Although it is vital to follow to MANUGRAPH INDIA LT price patterns, it is good to be conservative about what you can do with the information regarding equity historical price patterns. The way of 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 MANUGRAPH INDIA, which you can use to evaluate the performance of the entity. Please exercises MANUGRAPH INDIA LT standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to make a quick decision on whether MANUGRAPH INDIA LT current price movements will revert.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.56) 
correlation synergy

Good reverse predictability

MANUGRAPH INDIA LT has good reverse predictability. Overlapping area represents the amount of predictability between MANUGRAPH INDIA time series from 4th of April 2020 to 19th of May 2020 and 19th of May 2020 to 3rd 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 MANUGRAPH INDIA LT price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current MANUGRAPH INDIA price fluctuation can be explain by its past prices. Given that MANUGRAPH INDIA LT has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of MANUGRAPH INDIA for similar time interval.
Correlation Coefficient-0.56
Spearman Rank Test-0.43
Residual Average0.0
Price Variance1.11

MANUGRAPH INDIA LT lagged returns against current returns

 Current and Lagged Values 

MANUGRAPH INDIA regressed lagged prices vs. current prices

 Current vs Lagged Prices 


 Regressed Prices 

Current Sentiment - MANUGRAPH

MANUGRAPH INDIA LT Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in MANUGRAPH INDIA LT. What is your trading attitude regarding investing in MANUGRAPH INDIA LT? Are you bullish or bearish?
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Additionally, see MANUGRAPH INDIA Hype Analysis, MANUGRAPH INDIA Correlation, MANUGRAPH INDIA Valuation, MANUGRAPH INDIA Volatility as well as analyze MANUGRAPH INDIA Alpha and Beta and MANUGRAPH INDIA Performance. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.
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