Telenav Backtesting

TNAV -- USA Stock  

USD 11.10  0.17  1.51%

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

Telenav 'What if' Analysis

June 22, 2019
No Change 0.00  0.0%
In 2 months and 2 days
August 21, 2019
If you would invest  0.00  in Telenav on June 22, 2019 and sell it all today you would earn a total of 0.00 from holding Telenav or generate 0.0% return on investment in Telenav over 60 days. Telenav is related to or competes with Alphabet, Facebook, TENCENT HOLDINGS, Baidu, NetEase, VeriSign, and Snap. Telenav, Inc., together with its subsidiaries provides connected car and location-based platform services in the United ...

Telenav Upside/Downside Indicators

Downside Deviation2.48
Information Ratio0.3598
Maximum Drawdown9.65
Value At Risk(3.08)
Potential Upside4.13

Telenav Market Premium Indicators

Risk Adjusted Performance0.3202
Jensen Alpha0.8367
Total Risk Alpha0.9346
Sortino Ratio0.3438
Treynor Ratio1.11

Telenav Backtested Returns

Macroaxis considers Telenav slightly risky given 2 months investment horizon. Telenav owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.361 which indicates the firm had 0.361% of return per unit of risk over the last 2 months. 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. By inspecting Telenav technical indicators you can presently evaluate if the expected return of 0.8649% is justified by implied risk. Please operate Telenav Coefficient Of Variation of 292.59, Risk Adjusted Performance of 0.3202 and Semi Deviation of 1.39 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Telenav holds performance score of 24. The entity has beta of 0.7187 which indicates as returns on market increase, Telenav returns are expected to increase less than the market. However during bear market, the loss on holding Telenav will be expected to be smaller as well. Although it is vital to follow to Telenav current price movements, it is good to be conservative about what you can actually 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. We have found twenty-one technical indicators for Telenav which you can use to evaluate performance of the company. Please operates Telenav Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to make a quick decision on weather Telenav existing price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.61 
correlation synergy

Good predictability

Telenav has good predictability. Overlapping area represents the amount of predictability between Telenav time series from June 22, 2019 to July 22, 2019 and July 22, 2019 to August 21, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Telenav price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Telenav price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.48
Residual Average0.0
Price Variance0.74

Telenav lagged returns against current returns

 Current and Lagged Values 

Telenav regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Telenav Lagged Returns

 Regressed Prices 

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Also please take a look at Telenav Hype Analysis, Telenav Correlation, Telenav Valuation, Telenav Volatility as well as analyze Telenav Alpha and Beta and Telenav Performance. Please also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.