Nitin Fire (India) Backtesting

NITINFIRE -- India Stock  

INR 2.53  0.13  4.89%

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

Nitin Fire 'What if' Analysis

August 25, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 24, 2018
0.00
If you would invest  0.00  in Nitin Fire on August 25, 2018 and sell it all today you would earn a total of 0.00 from holding Nitin Fire Protection Industries Limited or generate 0.0% return on investment in Nitin Fire over 30 days. Nitin Fire is related to or competes with Tata Consultancy, Tata Consultancy, Reliance Industries, Reliance Industries, HDFC Bank, HDFC Bank, and ITC. Nitin Fire Protection Industries Limited manufactures and sells fire fighting equipment under the NITIE brand in India a...

Nitin Fire Upside/Downside Indicators

Information Ratio0.44
Maximum Drawdown12.62
Value At Risk8.71
Potential Upside3.13
  

Nitin Fire Market Premium Indicators

Risk Adjusted Performance0.18
Jensen Alpha1.69
Total Risk Alpha2.40
Treynor Ratio0.60

Nitin Fire Protection Backtested Returns

Macroaxis considers Nitin Fire to be extremely risky. Nitin Fire Protection has Sharpe Ratio of -0.3409 which conveys that Nitin Fire Protection had -0.3409% of return per unit of risk over the last 1 month. 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. Nitin Fire exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Nitin Fire Protection Industries Limited Mean Deviation of 2.69 and Risk Adjusted Performance of 0.18 to check out risk estimate we provide. Macroaxis gives Nitin Fire performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of 2.2654 which conveys that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Nitin Fire will likely underperform.. Even though it is essential to pay attention to Nitin Fire Protection 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. Nitin Fire exposes twenty-one different technical indicators which can help you to evaluate its performance. Nitin Fire Protection has expected return of -1.1812%. Please be advised to verify Nitin Fire Protection Industries Limited Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if Nitin Fire Protection past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.67 

Good predictability

Nitin Fire Protection Industries Limited has good predictability. Overlapping area represents the amount of predictability between Nitin Fire time series from August 25, 2018 to September 9, 2018 and September 9, 2018 to September 24, 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 Nitin Fire Protection price movement. The serial correlation of 0.67 indicates that around 67.0% of current Nitin Fire price fluctuation can be explain by its past prices.
Correlation Coefficient0.67
Spearman Rank Test0.59
Residual Average0.0
Price Variance0.02

Nitin Fire Protection lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Nitin Fire regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Nitin Fire Lagged Returns

 Regressed Prices 
      Timeline 

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Please see also Nitin Fire Hype Analysis, Nitin Fire Correlation, Nitin Fire Valuation, Nitin Fire Volatility as well as analyze Nitin Fire Alpha and Beta and Nitin Fire Performance. Please also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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