OnMobile Global (India) Backtesting

ONMOBILE -- India Stock  

INR 39.55  2.80  7.62%

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
SymbolX
Backtest

OnMobile Global 'What if' Analysis

August 27, 2018
0.00
No Change 0.00  0.0%
In 30 days
September 26, 2018
0.00
If you would invest  0.00  in OnMobile Global on August 27, 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 Bharti Airtel, Bharti Infratel, Nu Tek, and Haryana Leather. OnMobile Global Limited provides telecom value added services in India and internationally

OnMobile Global Upside/Downside Indicators

Information Ratio0.26
Maximum Drawdown10.41
Value At Risk5.95
Potential Upside2.52
  

OnMobile Global Market Premium Indicators

Risk Adjusted Performance0.1
Jensen Alpha0.58
Total Risk Alpha1.07
Treynor Ratio0.321

OnMobile Global Limited Backtested Returns

Macroaxis considers OnMobile Global to be not very risky. OnMobile Global Limited maintains Sharpe Ratio (i.e. Efficiency) of -0.2349 which implies OnMobile Global Limited had -0.2349% of return per unit of volatility over the last 1 month. Macroaxis approach into forecasting 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. OnMobile Global Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check OnMobile Global Limited Risk Adjusted Performance of 0.1 to confirm risk estimate we provide. Macroaxis gives OnMobile Global performance score of 0 on a scale of 0 to 100. The organization holds Beta of -2.1825 which implies as returns on market increase, returns on owning OnMobile Global are expected to decrease by larger amounts. On the other hand, during market turmoil, OnMobile Global is expected to significantly outperform it.. Even though it is essential to pay attention to OnMobile Global Limited current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis approach into forecasting 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. OnMobile Global Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. OnMobile Global Limited has expected return of -0.7278%. Please be advised to check OnMobile Global Limited Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if OnMobile Global Limited past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.91) 

Near perfect reversele predictability

OnMobile Global Limited has near perfect reversele predictability. Overlapping area represents the amount of predictability between OnMobile Global time series from August 27, 2018 to September 11, 2018 and September 11, 2018 to September 26, 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 -0.91 indicates that approximately 91.0% 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-0.91
Spearman Rank Test-0.65
Residual Average0.0
Price Variance3.96

OnMobile Global Limited lagged returns against current returns

 Current and Lagged Values 
      Timeline 

OnMobile Global regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

OnMobile Global Lagged Returns

 Regressed Prices 
      Timeline 

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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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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