SELAN Backtesting

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SELAN -- India Stock  

INR 101.75  7.60  8.07%

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

SELAN EXPLORATION 'What if' Analysis

No Change 0.00  0.0 
In 2 months and 31 days
If you would invest  0.00  in SELAN EXPLORATION on April 3, 2020 and sell it all today you would earn a total of 0.00 from holding SELAN EXPLORATION TECHNOLOGY or generate 0.0% return on investment in SELAN EXPLORATION over 90 days. Selan Exploration Technology Limited explores for and produces crude oil and natural gas in India

SELAN EXPLORATION Upside/Downside Indicators

Downside Deviation7.59
Information Ratio(0.044761)
Maximum Drawdown32.38
Value At Risk(7.45)
Potential Upside7.75

SELAN EXPLORATION Market Premium Indicators

Risk Adjusted Performance0.0257
Jensen Alpha0.113
Total Risk Alpha(0.83)
Sortino Ratio(0.034792)
Treynor Ratio(0.20)

SELAN EXPLORATION Backtested Returns

SELAN EXPLORATION appears to be very steady, given 3 months investment horizon. SELAN EXPLORATION owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.19, which indicates the firm had 0.19% of return per unit of volatility over the last 3 months. Our approach towards measuring the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By examining SELAN EXPLORATION technical indicators you can now evaluate if the expected return of 0.67% is justified by implied risk. Please operate SELAN EXPLORATION coefficient of variation of 10830.83, and risk adjusted performance of 0.0257 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SELAN EXPLORATION holds a performance score of 12. The entity has a beta of -0.2223, which indicates not very significant volatility relative to the market. Let's try to break down what SELAN's beta means in this case. As returns on the market increase, returns on owning SELAN EXPLORATION are expected to decrease at a much lower rate. During the bear market, SELAN EXPLORATION is likely to outperform the market. Although it is vital to follow to SELAN EXPLORATION current price movements, it is good to be conservative about what you can do with the information regarding equity historical returns. The approach towards measuring 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 SELAN EXPLORATION TECHNOLOGY, which you can use to evaluate the performance of the company. Please operates SELAN EXPLORATION treynor ratio, as well as the relationship between the downside variance and kurtosis to make a quick decision on whether SELAN EXPLORATION existing price patterns will revert.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.24) 
correlation synergy

Weak reverse predictability

SELAN EXPLORATION TECHNOLOGY has weak reverse predictability. Overlapping area represents the amount of predictability between SELAN EXPLORATION time series from 3rd of April 2020 to 18th of May 2020 and 18th of May 2020 to 2nd of July 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 SELAN EXPLORATION price movement. The serial correlation of -0.24 indicates that over 24.0% of current SELAN EXPLORATION price fluctuation can be explain by its past prices. Given that SELAN EXPLORATION TECHNOLOGY has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of SELAN EXPLORATION for similar time interval.
Correlation Coefficient-0.24
Spearman Rank Test-0.19
Residual Average0.0
Price Variance74.54

SELAN EXPLORATION lagged returns against current returns

 Current and Lagged Values 

SELAN EXPLORATION regressed lagged prices vs. current prices

 Current vs Lagged Prices 


 Regressed Prices 

Current Sentiment - SELAN

SELAN EXPLORATION Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in SELAN EXPLORATION TECHNOLOGY. What is your outlook on investing in SELAN EXPLORATION TECHNOLOGY? Are you bullish or bearish?
50% Bullish
50% Bearish

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Additionally, take a look at SELAN EXPLORATION Hype Analysis, SELAN EXPLORATION Correlation, SELAN EXPLORATION Valuation, SELAN EXPLORATION Volatility as well as analyze SELAN EXPLORATION Alpha and Beta and SELAN EXPLORATION Performance. Please also try Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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