SPELS Backtesting

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SPELS -- India Stock  

INR 5.53  0.26  4.93%

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

SPEL SEMICONDUCTOR 'What if' Analysis

0.00
04/05/2020
No Change 0.00  0.0 
In 2 months and 31 days
07/04/2020
0.00
If you would invest  0.00  in SPEL SEMICONDUCTOR on April 5, 2020 and sell it all today you would earn a total of 0.00 from holding SPEL SEMICONDUCTOR LTD or generate 0.0% return on investment in SPEL SEMICONDUCTOR over 90 days. SPEL Semiconductor Limited, a semiconductor assembly and test company, provides contract manufacturing services for semi...

SPEL SEMICONDUCTOR Upside/Downside Indicators

Downside Deviation4.98
Information Ratio0.0145
Maximum Drawdown21.2
Value At Risk(5.65)
Potential Upside4.98

SPEL SEMICONDUCTOR Market Premium Indicators

Risk Adjusted Performance0.1677
Jensen Alpha0.3721
Total Risk Alpha(0.21)
Sortino Ratio0.0129
Treynor Ratio(1.83)

SPEL SEMICONDUCTOR LTD Backtested Returns

SPEL SEMICONDUCTOR is unstable given 3 months investment horizon. SPEL SEMICONDUCTOR LTD owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.26, which indicates the firm had 0.26% of return per unit of volatility over the last 3 months. Our approach towards measuring the risk of a stock is to use both market data as well as company specific technical data. We were able to analyze twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.08% are justified by taking the suggested risk. Use SPEL SEMICONDUCTOR LTD risk adjusted performance of 0.1677, and coefficient of variation of 1315.19 to evaluate company specific risk that cannot be diversified away. SPEL SEMICONDUCTOR holds a performance score of 17 on a scale of zero to a hundred. The entity has a beta of -0.1778, which indicates not very significant volatility relative to the market. Let's try to break down what SPELS's beta means in this case. As returns on the market increase, returns on owning SPEL SEMICONDUCTOR are expected to decrease at a much lower rate. During the bear market, SPEL SEMICONDUCTOR is likely to outperform the market. Although it is vital to follow to SPEL SEMICONDUCTOR LTD current price movements, it is good to be conservative about what you can do with the information regarding equity historical returns. Our approach towards measuring future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if SPEL SEMICONDUCTOR LTD expected return of 1.08 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable. Use SPEL SEMICONDUCTOR LTD information ratio, as well as the relationship between the potential upside and kurtosis to analyze future returns on SPEL SEMICONDUCTOR LTD.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.17 
correlation synergy

Very weak predictability

SPEL SEMICONDUCTOR LTD has very weak predictability. Overlapping area represents the amount of predictability between SPEL SEMICONDUCTOR time series from 5th of April 2020 to 20th of May 2020 and 20th of May 2020 to 4th 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 SPEL SEMICONDUCTOR LTD price movement. The serial correlation of 0.17 indicates that over 17.0% of current SPEL SEMICONDUCTOR price fluctuation can be explain by its past prices.
Correlation Coefficient0.17
Spearman Rank Test0.03
Residual Average0.0
Price Variance0.15

SPEL SEMICONDUCTOR LTD lagged returns against current returns

 Current and Lagged Values 
      Timeline 

SPEL SEMICONDUCTOR regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

SPEL SEMICONDUCTOR Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - SPELS

SPEL SEMICONDUCTOR LTD Investor Sentiment

Most of Macroaxis users are at this time bullish on SPEL SEMICONDUCTOR LTD. What is your outlook on investing in SPEL SEMICONDUCTOR LTD? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally, take a look at SPEL SEMICONDUCTOR Hype Analysis, SPEL SEMICONDUCTOR Correlation, SPEL SEMICONDUCTOR Valuation, SPEL SEMICONDUCTOR Volatility as well as analyze SPEL SEMICONDUCTOR Alpha and Beta and SPEL SEMICONDUCTOR Performance. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.
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