MSTC (India) Backtesting

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MSTCLTD -- India Stock  

INR 169.85  24.60  12.65%

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

MSTC 'What if' Analysis

November 24, 2019
No Change 0.00  0.0 
In 3 months and 1 day
February 22, 2020
If you would invest  0.00  in MSTC on November 24, 2019 and sell it all today you would earn a total of 0.00 from holding MSTC LIMITED or generate 0.0% return on investment in MSTC over 90 days. MSTC is related to or competes with BOMBAY BURMAH, JAIPRAKASH ASSOCIATES, GILLANDERS ARBUTHNOT, Vegetable Products, and Saptak Chem. MSTC Limited engages in marketing, e-commerce, other, and scrap recovery and allied jobs businesses in India

MSTC Upside/Downside Indicators

Downside Deviation3.45
Information Ratio0.0508
Maximum Drawdown21.4
Value At Risk(3.88)
Potential Upside7.24

MSTC Market Premium Indicators

Risk Adjusted Performance0.0593
Jensen Alpha0.3437
Total Risk Alpha(0.047493)
Sortino Ratio0.0674
Treynor Ratio(0.31)

MSTC LIMITED Backtested Returns

Macroaxis considers MSTC not too volatile given 3 months investment horizon. MSTC LIMITED has Sharpe Ratio of 0.0638 which conveys that the firm had 0.0638% of return per unit of standard deviation 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-one technical indicators for MSTC which you can use to evaluate future volatility of the firm. Please exercise MSTC LIMITED Mean Deviation of 2.61, Market Risk Adjusted Performance of (0.30) and Risk Adjusted Performance of 0.0593 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 MSTC holds performance score of 4. The company secures Beta (Market Risk) of -0.9352 which conveys that Although it is vital to follow to MSTC LIMITED 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 reviewing MSTC LIMITED technical indicators you can currently evaluate if the expected return of 0.3593% will be sustainable into the future. Please exercises MSTC LIMITED Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to make a quick decision on weather MSTC LIMITED current price movements will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.09) 
correlation synergy

Very weak reverse predictability

MSTC LIMITED has very weak reverse predictability. Overlapping area represents the amount of predictability between MSTC time series from November 24, 2019 to January 8, 2020 and January 8, 2020 to February 22, 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 MSTC LIMITED price movement. The serial correlation of -0.09 indicates that less than 9.0% of current MSTC price fluctuation can be explain by its past prices. Given that MSTC LIMITED has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of MSTC for similar time interval.
Correlation Coefficient-0.09
Spearman Rank Test-0.37
Residual Average0.0
Price Variance339.99

MSTC LIMITED lagged returns against current returns

 Current and Lagged Values 

MSTC regressed lagged prices vs. current prices

 Current vs Lagged Prices 

MSTC Lagged Returns

 Regressed Prices 

Current Sentiment - MSTCLTD

MSTC LIMITED Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in MSTC LIMITED. What is your trading attitude regarding investing in MSTC LIMITED? Are you bullish or bearish?
50% Bullish
50% Bearish

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Additionally see MSTC Hype Analysis, MSTC Correlation, MSTC Valuation, MSTC Volatility as well as analyze MSTC Alpha and Beta and MSTC Performance. Please also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.