SUPERTEX Backtesting

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SUPERTEX -- India Stock  

INR 1.88  0.00  0.00%

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

SUPERTEX INDUSTRIES 'What if' Analysis

0.00
04/09/2020
No Change 0.00  0.0 
In 2 months and 31 days
07/08/2020
0.00
If you would invest  0.00  in SUPERTEX INDUSTRIES on April 9, 2020 and sell it all today you would earn a total of 0.00 from holding SUPERTEX INDUSTRIES LTD or generate 0.0% return on investment in SUPERTEX INDUSTRIES over 90 days. Supertex Industries Limited manufactures and sells draw warped and sized yarn beams, and textured and twisted yarns of p...

SUPERTEX INDUSTRIES Upside/Downside Indicators

Information Ratio(0.15)
Maximum Drawdown14.15
Value At Risk(4.92)
Potential Upside4.85

SUPERTEX INDUSTRIES Market Premium Indicators

Risk Adjusted Performance(0.16)
Jensen Alpha(0.31)
Total Risk Alpha(0.69)
Treynor Ratio2.24

SUPERTEX INDUSTRIES LTD Backtested Returns

SUPERTEX INDUSTRIES appears to be very risky, given 3 months investment horizon. SUPERTEX INDUSTRIES LTD owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0979, which indicates the firm had 0.0979% of return per unit of standard deviation over the last 3 months. Our standpoint 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. We have found twenty-one technical indicators for SUPERTEX INDUSTRIES LTD, which you can use to evaluate future volatility of the company. Please operate SUPERTEX INDUSTRIES risk adjusted performance of (0.16), and coefficient of variation of (1,073) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SUPERTEX INDUSTRIES holds a performance score of 6. The entity has a beta of -0.1524, which indicates not very significant fluctuations relative to the market. Let's try to break down what SUPERTEX's beta means in this case. As returns on the market increase, returns on owning SUPERTEX INDUSTRIES are expected to decrease at a much lower rate. During the bear market, SUPERTEX INDUSTRIES is likely to outperform the market. Although it is vital to follow to SUPERTEX INDUSTRIES LTD current price movements, it is good to be conservative about what you can do with the information regarding equity historical returns. The philosophy 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. By evaluating SUPERTEX INDUSTRIES LTD technical indicators, you can currently evaluate if the expected return of 0.35% will be sustainable into the future. Please operates SUPERTEX INDUSTRIES variance, value at risk, as well as the relationship between the Value At Risk and skewness to make a quick decision on whether SUPERTEX INDUSTRIES LTD existing price patterns will revert.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.60) 
correlation synergy

Good reverse predictability

SUPERTEX INDUSTRIES LTD has good reverse predictability. Overlapping area represents the amount of predictability between SUPERTEX INDUSTRIES time series from 9th of April 2020 to 24th of May 2020 and 24th of May 2020 to 8th 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 SUPERTEX INDUSTRIES LTD price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current SUPERTEX INDUSTRIES price fluctuation can be explain by its past prices. Given that SUPERTEX INDUSTRIES LTD has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of SUPERTEX INDUSTRIES for similar time interval.
Correlation Coefficient-0.6
Spearman Rank Test-0.39
Residual Average0.0
Price Variance0.01

SUPERTEX INDUSTRIES LTD lagged returns against current returns

 Current and Lagged Values 
      Timeline 

SUPERTEX INDUSTRIES regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

SUPERTEX INDUSTRIES Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - SUPERTEX

SUPERTEX INDUSTRIES LTD Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in SUPERTEX INDUSTRIES LTD. What is your outlook on investing in SUPERTEX INDUSTRIES LTD? Are you bullish or bearish?
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Additionally, take a look at SUPERTEX INDUSTRIES Hype Analysis, SUPERTEX INDUSTRIES Correlation, SUPERTEX INDUSTRIES Valuation, SUPERTEX INDUSTRIES Volatility as well as analyze SUPERTEX INDUSTRIES Alpha and Beta and SUPERTEX INDUSTRIES Performance. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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