SOUTHERN Backtesting

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SOUTLAT -- India Stock  

INR 8.03  0.00  0.00%

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

SOUTHERN LATEX 'What if' Analysis

0.00
04/10/2020
No Change 0.00  0.0 
In 3 months and 1 day
07/09/2020
0.00
If you would invest  0.00  in SOUTHERN LATEX on April 10, 2020 and sell it all today you would earn a total of 0.00 from holding SOUTHERN LATEX LTD or generate 0.0% return on investment in SOUTHERN LATEX over 90 days. Southern Latex Limited manufactures and sells rubberized coir products in India

SOUTHERN LATEX Upside/Downside Indicators

Information Ratio(0.42)
Maximum Drawdown5.0
Value At Risk(4.95)

SOUTHERN LATEX Market Premium Indicators

Risk Adjusted Performance(0.52)
Jensen Alpha(0.41)
Total Risk Alpha(0.47)
Treynor Ratio(1.37)

SOUTHERN LATEX LTD Backtested Returns

SOUTHERN LATEX LTD owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.3341, which indicates the firm had -0.3341% of return per unit of standard deviation over the last 3 months. Macroaxis standpoint towards measuring 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. SOUTHERN LATEX LTD exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SOUTHERN LATEX risk adjusted performance of (0.52), and coefficient of variation of (355.31) to confirm the risk estimate we provide. The entity has a beta of 0.2646, which indicates not very significant fluctuations relative to the market. Let's try to break down what SOUTHERN's beta means in this case. As returns on the market increase, SOUTHERN LATEX returns are expected to increase less than the market. However, during the bear market, the loss on holding SOUTHERN LATEX will be expected to be smaller as well. Even though it is essential to pay attention to SOUTHERN LATEX LTD current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. SOUTHERN LATEX LTD exposes twenty-one different technical indicators, which can help you to evaluate its performance. SOUTHERN LATEX LTD has an expected return of -0.4864%. Please be advised to validate SOUTHERN LATEX jensen alpha and downside variance to decide if SOUTHERN LATEX LTD stock performance from the past will be repeated at some future point.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.61 
correlation synergy

Good predictability

SOUTHERN LATEX LTD has good predictability. Overlapping area represents the amount of predictability between SOUTHERN LATEX time series from 10th of April 2020 to 25th of May 2020 and 25th of May 2020 to 9th 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 SOUTHERN LATEX LTD price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current SOUTHERN LATEX price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test-0.11
Residual Average0.0
Price Variance0.12

SOUTHERN LATEX LTD lagged returns against current returns

 Current and Lagged Values 
      Timeline 

SOUTHERN LATEX regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

SOUTHERN LATEX Lagged Returns

 Regressed Prices 
      Timeline 

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Additionally, take a look at SOUTHERN LATEX Hype Analysis, SOUTHERN LATEX Correlation, SOUTHERN LATEX Valuation, SOUTHERN LATEX Volatility as well as analyze SOUTHERN LATEX Alpha and Beta and SOUTHERN LATEX 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