NIIT Technologies (India) Backtesting

NIITTECH -- India Stock  

INR 1,302  5.05  0.39%

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
SymbolX
Backtest

NIIT Technologies 'What if' Analysis

August 20, 2018
0.00
No Change 0.00  0.0%
In 30 days
September 19, 2018
0.00
If you would invest  0.00  in NIIT Technologies on August 20, 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 30 days. NIIT Technologies is related to or competes with Housing Development, Housing Development, Infosys, Maruti Suzuki, Maruti Suzuki, Kotak Mahindra, and Kotak Mahindra. NIIT Technologies Limited provides IT solutions primarily in India, the Americas, Europe, Asia, the Middle East, and Afr...

NIIT Technologies Upside/Downside Indicators

Downside Deviation2.34
Information Ratio0.0122
Maximum Drawdown9.91
Value At Risk3.00
Potential Upside5.05
  

NIIT Technologies Market Premium Indicators

Risk Adjusted Performance0.0276
Jensen Alpha0.1831
Total Risk Alpha0.53
Sortino Ratio0.0142
Treynor Ratio0.20

NIIT Technologies Limited Backtested Returns

Macroaxis considers NIIT Technologies to be not too risky. NIIT Technologies Limited has Sharpe Ratio of -0.1144 which conveys that NIIT Technologies Limited had -0.1144% of return per unit of volatility over the last 1 month. Macroaxis way of 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. NIIT Technologies exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify NIIT Technologies Limited Risk Adjusted Performance of 0.0276 and Mean Deviation of 2.04 to check out risk estimate we provide. Macroaxis gives NIIT Technologies performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.631 which conveys that as returns on market increase, returns on owning NIIT Technologies are expected to decrease at a much smaller rate. During bear market, NIIT Technologies is likely to outperform the market.. Even though it is essential to pay attention to NIIT Technologies Limited price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis way of 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. NIIT Technologies exposes twenty-one different technical indicators which can help you to evaluate its performance. NIIT Technologies Limited has expected return of -0.2786%. Please be advised to verify NIIT Technologies Limited Downside Deviation, Treynor Ratio as well as the relationship between Treynor Ratio and Expected Short fall to decide if NIIT Technologies Limited past performance will be repeated in the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.30) 

Weak reverse predictability

NIIT Technologies Limited has weak reverse predictability. Overlapping area represents the amount of predictability between NIIT Technologies time series from August 20, 2018 to September 4, 2018 and September 4, 2018 to September 19, 2018. 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 Limited price movement. The serial correlation of -0.3 indicates that nearly 30.0% 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-0.3
Spearman Rank Test0.23
Residual Average0.0
Price Variance633.61

NIIT Technologies Limited lagged returns against current returns

 Current and Lagged Values 
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NIIT Technologies regressed lagged prices vs. current prices

 Current vs Lagged Prices 
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NIIT Technologies Lagged Returns

 Regressed Prices 
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Current Sentiment - NIITTECH

NIIT Technologies Limited Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in NIIT Technologies Limited. What is your trading attitude regarding investing in NIIT Technologies Limited? Are you bullish or bearish?
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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 Portfolio Quick Import module to import or update all your transactions via one easy-to-use interface.
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