NIIT Technologies (India) Backtesting

NIITTECH -- India Stock  

INR 1,264  41.35  3.17%

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

NIIT Technologies 'What if' Analysis

December 19, 2018
No Change 0.00  0.0%
In 2 months and 2 days
February 17, 2019
If you would invest  0.00  in NIIT Technologies on December 19, 2018 and sell it all today you would earn a total of 0.00 from holding NIIT Technologies Limited or generate 0.0% return on investment in NIIT Technologies over 60 days. NIIT Technologies is related to or competes with Infosys, Infosys, MphasiS, LT Technology, Mindtree, Mindtree, and Hexaware Technologies. NIIT Technologies Limited provides IT solutions primarily in India, the Americas, Europe, Asia, the Middle East, and Afr...

NIIT Technologies Upside/Downside Indicators

Downside Deviation1.55
Information Ratio0.1406
Maximum Drawdown7.73
Value At Risk(1.96)
Potential Upside2.67

NIIT Technologies Market Premium Indicators

Risk Adjusted Performance0.3436
Jensen Alpha0.2916
Total Risk Alpha0.2299
Sortino Ratio0.143
Treynor Ratio26.58

NIIT Technologies Backtested Returns

Macroaxis considers NIIT Technologies not too risky given 2 months investment horizon. NIIT Technologies has Sharpe Ratio of 0.2062 which conveys that the firm had 0.2062% of return per unit of volatility over the last 2 months. Our way of 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 NIIT Technologies which you can use to evaluate future volatility of the firm. Please exercise NIIT Technologies Limited Mean Deviation of 1.09 and Risk Adjusted Performance of 0.3436 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 NIIT Technologies holds performance score of 13. The company secures Beta (Market Risk) of 0.011 which conveys that as returns on market increase, NIIT Technologies returns are expected to increase less than the market. However during bear market, the loss on holding NIIT Technologies will be expected to be smaller as well. Although it is vital to follow to NIIT Technologies price patterns, it is good to be conservative about what you can actually 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. By evaluating NIIT Technologies technical indicators you can today evaluate if the expected return of 0.3303% will be sustainable into the future. Please exercises NIIT Technologies Limited Downside Deviation, Treynor Ratio as well as the relationship between Treynor Ratio and Expected Short fall to make a quick decision on weather NIIT Technologies current price movements will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.44) 
correlation synergy

Modest reverse predictability

NIIT Technologies Limited has modest reverse predictability. Overlapping area represents the amount of predictability between NIIT Technologies time series from December 19, 2018 to January 18, 2019 and January 18, 2019 to February 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 NIIT Technologies price movement. The serial correlation of -0.44 indicates that just about 44.0% of current NIIT Technologies price fluctuation can be explain by its past prices. Given that NIIT Technologies Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NIIT Technologies for similar time interval.
Correlation Coefficient-0.44
Spearman Rank Test-0.05
Residual Average0.0
Price Variance274.66

NIIT Technologies lagged returns against current returns

 Current and Lagged Values 

NIIT Technologies regressed lagged prices vs. current prices

 Current vs Lagged Prices 

NIIT Technologies Lagged Returns

 Regressed Prices 

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Please see also NIIT Technologies Hype Analysis, NIIT Technologies Correlation, NIIT Technologies Valuation, NIIT Technologies Volatility as well as analyze NIIT Technologies Alpha and Beta and NIIT Technologies Performance. Please also try Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.