TECHM Backtesting

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TECHM -- India Stock  

INR 567.20  6.35  1.13%

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

TECH MAHINDRA 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in TECH MAHINDRA on April 6, 2020 and sell it all today you would earn a total of 0.00 from holding TECH MAHINDRA or generate 0.0% return on investment in TECH MAHINDRA over 90 days. Tech Mahindra Limited provides information technology services and solutions in the Americas, Europe, India, and interna...

TECH MAHINDRA Upside/Downside Indicators

Information Ratio(0.09)
Maximum Drawdown21.78
Value At Risk(8.57)
Potential Upside5.21

TECH MAHINDRA Market Premium Indicators

Risk Adjusted Performance(0.06)
Jensen Alpha(0.06)
Total Risk Alpha(0.61)
Treynor Ratio0.3679

TECH MAHINDRA Backtested Returns

We consider TECH MAHINDRA very steady. TECH MAHINDRA retains Efficiency (Sharpe Ratio) of 0.0354, which indicates the firm had 0.0354% 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 TECH MAHINDRA, which you can use to evaluate future volatility of the company. Please validate TECH MAHINDRA risk adjusted performance of (0.06) to confirm if the risk estimate we provide is consistent with the expected return of 0.0859%. TECH MAHINDRA has performance score of 2 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of -0.4106, which indicates possible diversification benefits within a given portfolio. Let's try to break down what TECHM's beta means in this case. As returns on the market increase, returns on owning TECH MAHINDRA are expected to decrease at a much lower rate. During the bear market, TECH MAHINDRA is likely to outperform the market. Although it is extremely important to respect TECH MAHINDRA existing price patterns, it is better to be realistic regarding the information on equity price patterns. 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 evaluating TECH MAHINDRA technical indicators, you can today evaluate if the expected return of 0.0859% will be sustainable into the future. TECH MAHINDRA now owns a risk of 2.43%. Please validate TECH MAHINDRA variance, as well as the relationship between the maximum drawdown and semi variance to decide if TECH MAHINDRA will be following its current price history.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.37) 
correlation synergy

Poor reverse predictability

TECH MAHINDRA has poor reverse predictability. Overlapping area represents the amount of predictability between TECH MAHINDRA 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 TECH MAHINDRA price movement. The serial correlation of -0.37 indicates that just about 37.0% of current TECH MAHINDRA price fluctuation can be explain by its past prices. Given that TECH MAHINDRA has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of TECH MAHINDRA for similar time interval.
Correlation Coefficient-0.37
Spearman Rank Test-0.04
Residual Average0.0
Price Variance416.25

TECH MAHINDRA lagged returns against current returns

 Current and Lagged Values 

TECH MAHINDRA regressed lagged prices vs. current prices

 Current vs Lagged Prices 

TECH MAHINDRA Lagged Returns

 Regressed Prices 

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Additionally, take a look at TECH MAHINDRA Hype Analysis, TECH MAHINDRA Correlation, TECH MAHINDRA Valuation, TECH MAHINDRA Volatility as well as analyze TECH MAHINDRA Alpha and Beta and TECH MAHINDRA Performance. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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