RUPA COMPANY Backtesting

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RUPA -- India Stock  

INR 146.35  3.35  2.34%

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

RUPA COMPANY 'What if' Analysis

0.00
03/03/2020
No Change 0.00  0.0 
In 3 months and 1 day
06/01/2020
0.00
If you would invest  0.00  in RUPA COMPANY on March 3, 2020 and sell it all today you would earn a total of 0.00 from holding RUPA COMPANY LTD or generate 0.0% return on investment in RUPA COMPANY over 90 days. Rupa Company Limited, together with its subsidiaries, manufactures and sells hosiery products for men, women, and kids i...

RUPA COMPANY Upside/Downside Indicators

Information Ratio(0.14)
Maximum Drawdown21.09
Value At Risk(7.22)
Potential Upside6.78

RUPA COMPANY Market Premium Indicators

Risk Adjusted Performance(0.57)
Jensen Alpha(0.64)
Total Risk Alpha(0.63)
Treynor Ratio10.01

RUPA COMPANY LTD Backtested Returns

Macroaxis considers RUPA COMPANY to be very steady. RUPA COMPANY LTD maintains Sharpe Ratio (i.e. Efficiency) of -0.0672, which implies the corporation had -0.0672% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy towards forecasting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. RUPA COMPANY LTD exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check RUPA COMPANY LTD Market Risk Adjusted Performance of 10.02 and Risk Adjusted Performance of (0.57) to confirm the risk estimate we provide. The organization holds a Beta of -0.0642, which implies as returns on market increase, returns on owning RUPA COMPANY are expected to decrease at a much smaller rate. During bear market, RUPA COMPANY is likely to outperform the market. Even though it is essential to pay attention to RUPA COMPANY LTD 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. RUPA COMPANY LTD exposes twenty-eight different technical indicators, which can help you to evaluate its performance. RUPA COMPANY LTD has an expected return of -0.3202%. Please be advised to check RUPA COMPANY LTD Treynor Ratio, Value At Risk and the relationship between Sortino Ratio and Maximum Drawdown to decide if RUPA COMPANY LTD stock performance from the past will be repeated at some future point.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.28 
correlation synergy

Poor predictability

RUPA COMPANY LTD has poor predictability. Overlapping area represents the amount of predictability between RUPA COMPANY time series from 3rd of March 2020 to 17th of April 2020 and 17th of April 2020 to 1st 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 RUPA COMPANY LTD price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current RUPA COMPANY price fluctuation can be explain by its past prices.
Correlation Coefficient0.28
Spearman Rank Test0.03
Residual Average0.0
Price Variance21.68

RUPA COMPANY LTD lagged returns against current returns

 Current and Lagged Values 
      Timeline 

RUPA COMPANY regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

RUPA COMPANY Lagged Returns

 Regressed Prices 
      Timeline 

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Additionally, take a look at RUPA COMPANY Hype Analysis, RUPA COMPANY Correlation, RUPA COMPANY Valuation, RUPA COMPANY Volatility as well as analyze RUPA COMPANY Alpha and Beta and RUPA COMPANY Performance. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.
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