Majestic Wine Backtesting

MJWNF -- USA Stock  

USD 3.32  0.00  0.00%

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

Majestic Wine 'What if' Analysis

August 19, 2019
No Change 0.00  0.0 
In 3 months and 1 day
November 17, 2019
If you would invest  0.00  in Majestic Wine on August 19, 2019 and sell it all today you would earn a total of 0.00 from holding Majestic Wine Plc or generate 0.0% return on investment in Majestic Wine over 90 days. Majestic Wine is related to or competes with Berkshire Hathaway, Alibaba Group, Apple, Microsoft, Berkshire Hathaway, Facebook, and Visa. Naked Wines plc, together with its subsidiaries, engages in the retailing of wines, beers, and spirits in the United Kin...

Majestic Wine Upside/Downside Indicators

Information Ratio(0.19)
Maximum Drawdown10.56
Value At Risk(0.43)
Potential Upside0.9227

Majestic Wine Market Premium Indicators

Risk Adjusted Performance(0.07)
Jensen Alpha(0.14)
Total Risk Alpha(0.42)
Treynor Ratio1.32

Majestic Wine Plc Backtested Returns

We consider Majestic Wine slightly risky. Majestic Wine Plc has Sharpe Ratio of 0.1008 which conveys that the firm had 0.1008% of return per unit of risk over the last 3 months. Our philosophy towards estimating 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-four technical indicators for Majestic Wine which you can use to evaluate future volatility of the firm. Please verify Majestic Wine Plc Mean Deviation of 0.4442 and Risk Adjusted Performance of (0.07) to check out if risk estimate we provide are consistent with the epected return of 0.0547%. Majestic Wine has performance score of 6 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.1195 which conveys that as returns on market increase, returns on owning Majestic Wine are expected to decrease at a much smaller rate. During bear market, Majestic Wine is likely to outperform the market. Although it is extremely important to respect Majestic Wine Plc price patterns, it is better to be realistic regarding the information on 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 Majestic Wine Plc technical indicators you can presently evaluate if the expected return of 0.0547% will be sustainable into the future. Majestic Wine Plc right now secures a risk of 0.5427%. Please verify Majestic Wine Plc Value At Risk, and the relationship between Total Risk Alpha and Expected Short fall to decide if Majestic Wine Plc will be following its current price movements.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.01 
correlation synergy

Virtually no predictability

Majestic Wine Plc has virtually no predictability. Overlapping area represents the amount of predictability between Majestic Wine time series from August 19, 2019 to October 3, 2019 and October 3, 2019 to November 17, 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 Majestic Wine Plc price movement. The serial correlation of 0.01 indicates that just 1.0% of current Majestic Wine price fluctuation can be explain by its past prices.
Correlation Coefficient0.01
Spearman Rank Test0.95
Residual Average0.0
Price Variance0.0

Majestic Wine Plc lagged returns against current returns

 Current and Lagged Values 

Majestic Wine regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Majestic Wine Lagged Returns

 Regressed Prices 

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Please see also Majestic Wine Hype Analysis, Majestic Wine Correlation, Majestic Wine Valuation, Majestic Wine Volatility as well as analyze Majestic Wine Alpha and Beta and Majestic Wine Performance. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.