Tasty Bite (India) Backtesting

TASTYBIT -- India Stock  

INR 8,914  536.50  5.68%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Tasty Bite Eatables Limited and determine expected loss or profit from investing in Tasty Bite over given investment horizon. Also please take a look at Tasty Bite Hype Analysis, Tasty Bite Correlation, Tasty Bite Valuation, Tasty Bite Volatility as well as analyze Tasty Bite Alpha and Beta and Tasty Bite Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Tasty Bite 'What if' Analysis

August 26, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 25, 2018
0.00
If you would invest  0.00  in Tasty Bite on August 26, 2018 and sell it all today you would earn a total of 0.00 from holding Tasty Bite Eatables Limited or generate 0.0% return on investment in Tasty Bite over 30 days. Tasty Bite is related to or competes with Tata Consultancy, Tata Consultancy, Reliance Industries, Reliance Industries, HDFC Bank, HDFC Bank, and ITC. Tasty Bite Eatables Limited manufactures and sells ready-to-serve ethnic food products and frozen formed products in Ind...

Tasty Bite Upside/Downside Indicators

Downside Deviation5.26
Information Ratio0.034
Maximum Drawdown20.09
Value At Risk5.68
Potential Upside8.15
  

Tasty Bite Market Premium Indicators

Risk Adjusted Performance0.0426
Jensen Alpha0.4287
Total Risk Alpha1.06
Sortino Ratio0.0282
Treynor Ratio0.34

Tasty Bite Eatables Backtested Returns

We consider Tasty Bite not too risky. Tasty Bite Eatables owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0016 which indicates Tasty Bite Eatables had 0.0016% of return per unit of risk over the last 1 month. Our philosophy towards measuring 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 Tasty Bite Eatables Limited which you can use to evaluate future volatility of the company. Please validate Tasty Bite Semi Deviation of 3.82, Coefficient Of Variation of 1422.26 and Risk Adjusted Performance of 0.0426 to confirm if risk estimate we provide are consistent with the epected return of 0.0077%. Tasty Bite has performance score of 0 on a scale of 0 to 100. The entity has beta of -0.883 which indicates . Although it is extremely important to respect Tasty Bite Eatables current price movements, it is better to be realistic regarding the information on 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 inspecting Tasty Bite Eatables technical indicators you can presently evaluate if the expected return of 0.0077% will be sustainable into the future. Tasty Bite Eatables right now has a risk of 4.8536%. Please validate Tasty Bite Value At Risk as well as the relationship between Semi Variance and Kurtosis to decide if Tasty Bite will be following its existing price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.05 

Virtually no predictability

Tasty Bite Eatables Limited has virtually no predictability. Overlapping area represents the amount of predictability between Tasty Bite time series from August 26, 2018 to September 10, 2018 and September 10, 2018 to September 25, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tasty Bite Eatables price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Tasty Bite price fluctuation can be explain by its past prices.
Correlation Coefficient0.05
Spearman Rank Test-0.55
Residual Average0.0
Price Variance125879.35

Tasty Bite Eatables lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Tasty Bite regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Tasty Bite Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - TASTYBIT

Tasty Bite Eatables Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in Tasty Bite Eatables Limited. What is your outlook on investing in Tasty Bite Eatables Limited? Are you bullish or bearish?
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Also please take a look at Tasty Bite Hype Analysis, Tasty Bite Correlation, Tasty Bite Valuation, Tasty Bite Volatility as well as analyze Tasty Bite Alpha and Beta and Tasty Bite Performance. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.
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