NITTA Backtesting

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NITTAGELA -- India Stock  

INR 114.20  6.35  5.89%

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

NITTA GELATIN 'What if' Analysis

No Change 0.00  0.0 
In 2 months and 31 days
If you would invest  0.00  in NITTA GELATIN on April 13, 2020 and sell it all today you would earn a total of 0.00 from holding NITTA GELATIN INDIA or generate 0.0% return on investment in NITTA GELATIN over 90 days. Nitta Gelatin India Limited manufactures and sells gelatin, ossein, dicalcium phosphate , and collagen peptides in India

NITTA GELATIN Upside/Downside Indicators

Downside Deviation6.03
Information Ratio0.0461
Maximum Drawdown34.83
Value At Risk(6.58)
Potential Upside7.17

NITTA GELATIN Market Premium Indicators

Risk Adjusted Performance0.148
Jensen Alpha0.4816
Total Risk Alpha(0.12)
Sortino Ratio0.0447
Treynor Ratio(2.20)

NITTA GELATIN INDIA Backtested Returns

We consider NITTA GELATIN very steady. NITTA GELATIN INDIA has Sharpe Ratio of 0.0362, which conveys that the firm had 0.0362% of return per unit of standard deviation over the last 3 months. Our approach into estimating the 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-eight technical indicators for NITTA GELATIN, which you can use to evaluate future volatility of the firm. Please verify NITTA GELATIN INDIA market risk adjusted performance of (2.19), mean deviation of 3.41, and risk adjusted performance of 0.148 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. NITTA GELATIN has performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.2029, which conveys not very significant fluctuations relative to the market. Let's try to break down what NITTA's beta means in this case. As returns on the market increase, returns on owning NITTA GELATIN are expected to decrease at a much lower rate. During the bear market, NITTA GELATIN is likely to outperform the market. Although it is extremely important to respect NITTA GELATIN INDIA price patterns, it is better to be realistic regarding the information on equity historical price patterns. The approach into 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 inspecting NITTA GELATIN INDIA technical indicators, you can now evaluate if the expected return of 0.12% will be sustainable into the future. NITTA GELATIN INDIA currently secures a risk of 3.42%. Please verify NITTA GELATIN INDIA expected short fall, and the relationship between the value at risk and daily balance of power to decide if NITTA GELATIN INDIA will be following its current price movements.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.18) 
correlation synergy

Insignificant reverse predictability

NITTA GELATIN INDIA has insignificant reverse predictability. Overlapping area represents the amount of predictability between NITTA GELATIN time series from 13th of April 2020 to 28th of May 2020 and 28th of May 2020 to 12th of July 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 NITTA GELATIN INDIA price movement. The serial correlation of -0.18 indicates that over 18.0% of current NITTA GELATIN price fluctuation can be explain by its past prices. Given that NITTA GELATIN INDIA has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NITTA GELATIN for similar time interval.
Correlation Coefficient-0.18
Spearman Rank Test0.14
Residual Average0.0
Price Variance5.98

NITTA GELATIN INDIA lagged returns against current returns

 Current and Lagged Values 

NITTA GELATIN regressed lagged prices vs. current prices

 Current vs Lagged Prices 

NITTA GELATIN Lagged Returns

 Regressed Prices 

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Additionally, see NITTA GELATIN Hype Analysis, NITTA GELATIN Correlation, NITTA GELATIN Valuation, NITTA GELATIN Volatility as well as analyze NITTA GELATIN Alpha and Beta and NITTA GELATIN Performance. Please also try Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page