OnMobile Global (India) Backtesting

ONMOBILE -- India Stock  

INR 42.50  0.40  0.95%

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

OnMobile Global 'What if' Analysis

August 22, 2018
No Change 0.00  0.0%
In 30 days
September 21, 2018
If you would invest  0.00  in OnMobile Global on August 22, 2018 and sell it all today you would earn a total of 0.00 from holding OnMobile Global Limited or generate 0.0% return on investment in OnMobile Global over 30 days. OnMobile Global is related to or competes with Tata Consultancy, Tata Consultancy, Reliance Industries, Reliance Industries, HDFC Bank, HDFC Bank, and ITC. OnMobile Global Limited provides telecom value added services in India and internationally

OnMobile Global Upside/Downside Indicators

Downside Deviation2.39
Information Ratio0.0332
Maximum Drawdown9.37
Value At Risk2.09
Potential Upside4.14

OnMobile Global Market Premium Indicators

Risk Adjusted Performance0.0398
Jensen Alpha0.1442
Total Risk Alpha0.35
Sortino Ratio0.0305
Treynor Ratio0.7265

OnMobile Global Limited Backtested Returns

We consider OnMobile Global not too volatile. OnMobile Global Limited maintains Sharpe Ratio (i.e. Efficiency) of 0.0334 which implies OnMobile Global Limited had 0.0334% of return per unit of volatility over the last 1 month. Our approach into forecasting 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 OnMobile Global Limited which you can use to evaluate future volatility of the company. Please check OnMobile Global Limited Risk Adjusted Performance of 0.0398 and Semi Deviation of 1.77 to confirm if risk estimate we provide are consistent with the epected return of 0.0683%. OnMobile Global has performance score of 2 on a scale of 0 to 100. The organization holds Beta of 0.2274 which implies as returns on market increase, OnMobile Global returns are expected to increase less than the market. However during bear market, the loss on holding OnMobile Global will be expected to be smaller as well.. Although it is extremely important to respect OnMobile Global Limited current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The approach into forecasting 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 analyzing OnMobile Global Limited technical indicators you can presently evaluate if the expected return of 0.0683% will be sustainable into the future. OnMobile Global Limited right now holds a risk of 2.0429%. Please check OnMobile Global Limited Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if OnMobile Global Limited will be following its historical price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.15) 

Insignificant reverse predictability

OnMobile Global Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between OnMobile Global time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 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 OnMobile Global Limited price movement. The serial correlation of -0.15 indicates that less than 15.0% of current OnMobile Global price fluctuation can be explain by its past prices. Given that OnMobile Global Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of OnMobile Global for similar time interval.
Correlation Coefficient-0.15
Spearman Rank Test0.26
Residual Average0.0
Price Variance0.4

OnMobile Global Limited lagged returns against current returns

 Current and Lagged Values 

OnMobile Global regressed lagged prices vs. current prices

 Current vs Lagged Prices 

OnMobile Global Lagged Returns

 Regressed Prices 

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Additionally take a look at OnMobile Global Hype Analysis, OnMobile Global Correlation, OnMobile Global Valuation, OnMobile Global Volatility as well as analyze OnMobile Global Alpha and Beta and OnMobile Global Performance. Please also try Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.
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