Metkore Alloys (India) Backtesting

METKORE -- India Stock  

INR 1.23  0.02  1.60%

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

Metkore Alloys 'What if' Analysis

December 20, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
February 18, 2019
0.00
If you would invest  0.00  in Metkore Alloys on December 20, 2018 and sell it all today you would earn a total of 0.00 from holding Metkore Alloys Industries Limited or generate 0.0% return on investment in Metkore Alloys over 60 days. Metkore Alloys is related to or competes with Ashapura Minechem, Permanent Magnets, 20 Microns, Nile Ltd, Metkore Alloys, and Unitech International. Metkore Alloys Industries Limited manufactures and trades in steel products and ferro alloy products in India

Metkore Alloys Upside/Downside Indicators

Information Ratio(0.14)
Maximum Drawdown9.62
Value At Risk(4.69)
Potential Upside4.48
  

Metkore Alloys Market Premium Indicators

Risk Adjusted Performance(0.18)
Jensen Alpha(0.19)
Total Risk Alpha(0.32)
Treynor Ratio0.4231

Metkore Alloys Indus Backtested Returns

Macroaxis considers Metkore Alloys to be exceptionally risky. Metkore Alloys Indus has Sharpe Ratio of -0.106 which conveys that the firm had -0.106% of return per unit of risk over the last 2 months. Macroaxis philosophy towards 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. Metkore Alloys exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Metkore Alloys Industries Limited Risk Adjusted Performance of (0.18) and Mean Deviation of 1.29 to check out risk estimate we provide. The company secures Beta (Market Risk) of -0.5479 which conveys that as returns on market increase, returns on owning Metkore Alloys are expected to decrease at a much smaller rate. During bear market, Metkore Alloys is likely to outperform the market. Even though it is essential to pay attention to Metkore Alloys Indus price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards 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. Metkore Alloys exposes twenty-one different technical indicators which can help you to evaluate its performance. Metkore Alloys Indus has expected return of -0.2335%. Please be advised to verify Metkore Alloys Industries Limited Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if Metkore Alloys Indus past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.37) 
correlation synergy

Poor reverse predictability

Metkore Alloys Industries Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Metkore Alloys time series from December 20, 2018 to January 19, 2019 and January 19, 2019 to February 18, 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 Metkore Alloys Indus price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Metkore Alloys price fluctuation can be explain by its past prices. Given that Metkore Alloys Industries Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Metkore Alloys for similar time interval.
Correlation Coefficient-0.37
Spearman Rank Test-0.14
Residual Average0.0
Price Variance0.0

Metkore Alloys Indus lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Metkore Alloys regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Metkore Alloys Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - METKORE

Metkore Alloys Indus Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Metkore Alloys Industries Limited. What is your trading attitude regarding investing in Metkore Alloys Industries Limited? Are you bullish or bearish?
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Please see also Metkore Alloys Hype Analysis, Metkore Alloys Correlation, Metkore Alloys Valuation, Metkore Alloys Volatility as well as analyze Metkore Alloys Alpha and Beta and Metkore Alloys Performance. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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