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Ortel Communications (India) Backtesting

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ORTEL -- India Stock  

INR 0.52  0.01  1.89%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Ortel Communications Limited and determine expected loss or profit from investing in Ortel Communications over given investment horizon. Please check Ortel Communications Hype Analysis, Ortel Communications Correlation, Ortel Communications Valuation, Ortel Communications Volatility as well as analyze Ortel Communications Alpha and Beta and Ortel Communications Performance.
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Ortel Communications 'What if' Analysis

November 26, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
February 24, 2020
0.00
If you would invest  0.00  in Ortel Communications on November 26, 2019 and sell it all today you would earn a total of 0.00 from holding Ortel Communications Limited or generate 0.0% return on investment in Ortel Communications over 90 days. Ortel Communications is related to or competes with MUKTA ARTS, DABUR INDIA, CRISIL LTD, ESCORTS LTD, INFOSYS LTD, and MODERN INDIA. Ortel Communications Limited, a regional cable television service provider, engages in the distribution of analog and di...

Ortel Communications Upside/Downside Indicators

Information Ratio(0.08)
Maximum Drawdown11.11
Value At Risk(4.26)
Potential Upside4.44

Ortel Communications Market Premium Indicators

Risk Adjusted Performance(0.039906)
Jensen Alpha(0.19)
Total Risk Alpha(0.35)
Treynor Ratio(9.07)

Ortel Communications Backtested Returns

We consider Ortel Communications out of control. Ortel Communications maintains Sharpe Ratio (i.e. Efficiency) of 0.0145 which implies the corporation had 0.0145% of return per unit of risk over the last 3 months. Our philosophy towards 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-six technical indicators for Ortel Communications which you can use to evaluate future volatility of the company. Please check Ortel Communications Coefficient Of Variation of (1,664) and Risk Adjusted Performance of (0.039906) to confirm if risk estimate we provide are consistent with the epected return of 0.0432%. The organization holds Beta of 0.0204 which implies as returns on market increase, Ortel Communications returns are expected to increase less than the market. However during bear market, the loss on holding Ortel Communications will be expected to be smaller as well. Although it is extremely important to respect Ortel Communications current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards 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 Ortel Communications technical indicators you can presently evaluate if the expected return of 0.0432% will be sustainable into the future. Ortel Communications right now holds a risk of 2.97%. Please check Ortel Communications Potential Upside as well as the relationship between Kurtosis and Price Action Indicator to decide if Ortel Communications will be following its historical price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.05 
correlation synergy

Virtually no predictability

Ortel Communications Limited has virtually no predictability. Overlapping area represents the amount of predictability between Ortel Communications time series from November 26, 2019 to January 10, 2020 and January 10, 2020 to February 24, 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 Ortel Communications price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Ortel Communications price fluctuation can be explain by its past prices.
Correlation Coefficient0.05
Spearman Rank Test-0.38
Residual Average0.0
Price Variance0.0

Ortel Communications lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Ortel Communications regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Ortel Communications Lagged Returns

 Regressed Prices 
    
  Timeline 

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Please check Ortel Communications Hype Analysis, Ortel Communications Correlation, Ortel Communications Valuation, Ortel Communications Volatility as well as analyze Ortel Communications Alpha and Beta and Ortel Communications Performance. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.