TCFCFINQ Backtesting

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TCFCFINQ -- India Stock  

INR 19.05  0.50  2.70%

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

TCFC FINANCE 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in TCFC FINANCE on April 6, 2020 and sell it all today you would earn a total of 0.00 from holding TCFC FINANCE LTD or generate 0.0% return on investment in TCFC FINANCE over 90 days. TCFC Finance Limited operates as a non-banking finance company in India

TCFC FINANCE Upside/Downside Indicators

Information Ratio(0.06)
Maximum Drawdown20.78
Value At Risk(6.65)
Potential Upside5.56

TCFC FINANCE Market Premium Indicators

Risk Adjusted Performance(0.004939)
Jensen Alpha(0.11)
Total Risk Alpha(0.48)
Treynor Ratio(0.08)

TCFC FINANCE LTD Backtested Returns

We consider TCFC FINANCE not too volatile. TCFC FINANCE LTD owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0343, which indicates the company had 0.0343% of return per unit of volatility over the last 3 months. Our viewpoint regarding 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 TCFC FINANCE LTD, which you can use to evaluate future volatility of the entity. Please validate TCFC FINANCE risk adjusted performance of (0.004939), and market risk adjusted performance of (0.07) to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. TCFC FINANCE has performance score of 2 on a scale of 0 to 100. The firm has a beta of 0.3929, which indicates possible diversification benefits within a given portfolio. Let's try to break down what TCFCFINQ's beta means in this case. As returns on the market increase, TCFC FINANCE returns are expected to increase less than the market. However, during the bear market, the loss on holding TCFC FINANCE will be expected to be smaller as well. Although it is extremely important to respect TCFC FINANCE LTD current price movements, it is better to be realistic regarding the information on equity historical returns. The way of 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 analyzing TCFC FINANCE LTD technical indicators, you can today evaluate if the expected return of 0.12% will be sustainable into the future. TCFC FINANCE LTD now has a risk of 3.37%. Please validate TCFC FINANCE treynor ratio, and the relationship between the variance and potential upside to decide if TCFC FINANCE will be following its existing price patterns.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.58) 
correlation synergy

Good reverse predictability

TCFC FINANCE LTD has good reverse predictability. Overlapping area represents the amount of predictability between TCFC FINANCE time series from 6th of April 2020 to 21st of May 2020 and 21st of May 2020 to 5th 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 TCFC FINANCE LTD price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current TCFC FINANCE price fluctuation can be explain by its past prices. Given that TCFC FINANCE LTD has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of TCFC FINANCE for similar time interval.
Correlation Coefficient-0.58
Spearman Rank Test-0.56
Residual Average0.0
Price Variance1.0

TCFC FINANCE LTD lagged returns against current returns

 Current and Lagged Values 

TCFC FINANCE regressed lagged prices vs. current prices

 Current vs Lagged Prices 

TCFC FINANCE Lagged Returns

 Regressed Prices 

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Additionally, take a look at TCFC FINANCE Hype Analysis, TCFC FINANCE Correlation, TCFC FINANCE Valuation, TCFC FINANCE Volatility as well as analyze TCFC FINANCE Alpha and Beta and TCFC FINANCE Performance. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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