Rasandik Engineering (India) Backtesting

RASANDIK -- India Stock  

INR 141.35  1.90  1.33%

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

August 23, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 22, 2018
0.00
If you would invest  0.00  in Rasandik Engineering on August 23, 2018 and sell it all today you would earn a total of 0.00 from holding Rasandik Engineering Industries India Ltd or generate 0.0% return on investment in Rasandik Engineering over 30 days. Rasandik Engineering is related to or competes with Tata Consultancy, Tata Consultancy, Reliance Industries, Reliance Industries, HDFC Bank, HDFC Bank, and ITC. Rasandik Engineering Industries India Limited manufactures and sells sheet metal components for automobiles primarily in...

Rasandik Engineering Upside/Downside Indicators

Information Ratio0.24
Maximum Drawdown7.81
Value At Risk3.78
Potential Upside3.13
  

Rasandik Engineering Market Premium Indicators

Risk Adjusted Performance0.06
Jensen Alpha0.27
Total Risk Alpha0.98
Treynor Ratio3.22

Rasandik Engineering Backtested Returns

Macroaxis considers Rasandik Engineering to be not too risky. Rasandik Engineering maintains Sharpe Ratio (i.e. Efficiency) of -0.1667 which implies Rasandik Engineering had -0.1667% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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. Rasandik Engineering exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Rasandik Engineering Coefficient Of Variation of 698.68 and Risk Adjusted Performance of 0.06 to confirm risk estimate we provide. Macroaxis gives Rasandik Engineering performance score of 0 on a scale of 0 to 100. The organization holds Beta of -0.088 which implies as returns on market increase, returns on owning Rasandik Engineering are expected to decrease at a much smaller rate. During bear market, Rasandik Engineering is likely to outperform the market.. Even though it is essential to pay attention to Rasandik Engineering current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards 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. Rasandik Engineering exposes twenty-one different technical indicators which can help you to evaluate its performance. Rasandik Engineering has expected return of -0.3269%. Please be advised to check Rasandik Engineering Information Ratio, Value At Risk as well as the relationship between Value At Risk and Expected Short fall to decide if Rasandik Engineering past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.43 

Average predictability

Rasandik Engineering Industries India Ltd has average predictability. Overlapping area represents the amount of predictability between Rasandik Engineering time series from August 23, 2018 to September 7, 2018 and September 7, 2018 to September 22, 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 Rasandik Engineering price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Rasandik Engineering price fluctuation can be explain by its past prices.
Correlation Coefficient0.43
Spearman Rank Test0.38
Residual Average0.0
Price Variance3.11

Rasandik Engineering lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Rasandik Engineering regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Rasandik Engineering Lagged Returns

 Regressed Prices 
      Timeline 

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Volatility Analysis

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Additionally take a look at Rasandik Engineering Hype Analysis, Rasandik Engineering Correlation, Rasandik Engineering Valuation, Rasandik Engineering Volatility as well as analyze Rasandik Engineering Alpha and Beta and Rasandik Engineering Performance. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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