OnMobile Global (India) Backtesting

ONMOBILE -- India Stock  

INR 36.85  0.25  0.67%

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

November 16, 2018
No Change 0.00  0.0%
In 2 months and 2 days
January 15, 2019
If you would invest  0.00  in OnMobile Global on November 16, 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 60 days. OnMobile Global is related to or competes with Bharti Airtel, Idea Cellular, Idea Cellular, Tata Communications, Mahanagar Telephone, Mahanagar Telephone, and Tata Teleservices. OnMobile Global Limited provides telecom value added services in India and internationally

OnMobile Global Upside/Downside Indicators

Downside Deviation3.33
Information Ratio0.1499
Maximum Drawdown17.72
Value At Risk(3.73)
Potential Upside6.8

OnMobile Global Market Premium Indicators

Risk Adjusted Performance0.201
Jensen Alpha0.3581
Total Risk Alpha0.649
Sortino Ratio0.1546
Treynor Ratio2.43

OnMobile Global Backtested Returns

Macroaxis considers OnMobile Global not very risky given 2 months investment horizon. OnMobile Global maintains Sharpe Ratio (i.e. Efficiency) of 0.059 which implies OnMobile Global had 0.059% of return per unit of volatility over the last 2 months. 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 which you can use to evaluate future volatility of the company. Please employ OnMobile Global Risk Adjusted Performance of 0.201 and Semi Deviation of 2.96 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 OnMobile Global holds performance score of 3. The organization holds Beta of 0.137 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 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 technical indicators you can presently evaluate if the expected return of 0.2318% will be sustainable into the future. Please employ OnMobile Global Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to make a quick decision on weather OnMobile Global historical price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.72) 
correlation synergy

Almost perfect reverse predictability

OnMobile Global Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between OnMobile Global time series from November 16, 2018 to December 16, 2018 and December 16, 2018 to January 15, 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 OnMobile Global price movement. The serial correlation of -0.72 indicates that around 72.0% 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-0.72
Spearman Rank Test-0.49
Residual Average0.0
Price Variance4.84

OnMobile Global 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 

Current Sentiment - ONMOBILE

OnMobile Global Investor Sentiment

Most of Macroaxis users are now bullish on OnMobile Global Limited. What is your perspective on investing in OnMobile Global Limited? Are you bullish or bearish?
98% Bullish
2% Bearish

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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 Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
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