PUNJAB Backtesting

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PUNJCOMMU -- India Stock  

INR 12.94  0.01  0.08%

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

PUNJAB COMMUNICATIONS 'What if' Analysis

0.00
03/05/2020
No Change 0.00  0.0 
In 3 months and 1 day
06/03/2020
0.00
If you would invest  0.00  in PUNJAB COMMUNICATIONS on March 5, 2020 and sell it all today you would earn a total of 0.00 from holding PUNJAB COMMUNICATIONS LTD or generate 0.0% return on investment in PUNJAB COMMUNICATIONS over 90 days. Punjab Communications Limited manufactures and sells telecommunication and IT equipment, and solutions in India

PUNJAB COMMUNICATIONS Upside/Downside Indicators

Downside Deviation6.43
Information Ratio0.0033
Maximum Drawdown25.75
Value At Risk(9.09)
Potential Upside7.27

PUNJAB COMMUNICATIONS Market Premium Indicators

Risk Adjusted Performance0.0141
Jensen Alpha0.0079
Total Risk Alpha0.0192
Sortino Ratio0.0026
Treynor Ratio0.0202

PUNJAB COMMUNICATIONS LTD Backtested Returns

Macroaxis considers PUNJAB COMMUNICATIONS somewhat reliable given 3 months investment horizon. PUNJAB COMMUNICATIONS LTD maintains Sharpe Ratio (i.e. Efficiency) of 0.159, which implies the corporation had 0.159% of return per unit of volatility over the last 3 months. Our way in which we are forecasting the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By reviewing PUNJAB COMMUNICATIONS LTD technical indicators you can currently evaluate if the expected return of 0.6269% is justified by implied risk. Please employ PUNJAB COMMUNICATIONS LTD Risk Adjusted Performance of 0.0141 and Semi Deviation of 4.83 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 PUNJAB COMMUNICATIONS holds performance score of 10. The organization holds a Beta of 0.2488, which implies as returns on market increase, PUNJAB COMMUNICATIONS returns are expected to increase less than the market. However, during bear market, the loss on holding PUNJAB COMMUNICATIONS will be expected to be smaller as well. Although it is vital to follow to PUNJAB COMMUNICATIONS LTD current trending patterns, it is good to be conservative about what you can actually do with the information regarding equity existing price patterns. The way in which we are 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. We have found twenty-one technical indicators for PUNJAB COMMUNICATIONS LTD, which you can use to evaluate performance of the company. Please employ PUNJAB COMMUNICATIONS LTD Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to make a quick decision on weather PUNJAB COMMUNICATIONS historical price patterns will revert.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.48) 
correlation synergy

Modest reverse predictability

PUNJAB COMMUNICATIONS LTD has modest reverse predictability. Overlapping area represents the amount of predictability between PUNJAB COMMUNICATIONS time series from 5th of March 2020 to 19th of April 2020 and 19th of April 2020 to 3rd of June 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 PUNJAB COMMUNICATIONS LTD price movement. The serial correlation of -0.48 indicates that about 48.0% of current PUNJAB COMMUNICATIONS price fluctuation can be explain by its past prices. Given that PUNJAB COMMUNICATIONS LTD has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of PUNJAB COMMUNICATIONS for similar time interval.
Correlation Coefficient-0.48
Spearman Rank Test-0.43
Residual Average0.0
Price Variance0.47

PUNJAB COMMUNICATIONS LTD lagged returns against current returns

 Current and Lagged Values 
      Timeline 

PUNJAB COMMUNICATIONS regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

PUNJAB COMMUNICATIONS Lagged Returns

 Regressed Prices 
      Timeline 

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