Trent (India) Backtesting

TRENT -- India Stock  

INR 356.40  3.45  0.98%

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

Trent 'What if' Analysis

August 26, 2018
0.00
No Change 0.00  0.0%
In 30 days
September 25, 2018
0.00
If you would invest  0.00  in Trent on August 26, 2018 and sell it all today you would earn a total of 0.00 from holding Trent Limited or generate 0.0% return on investment in Trent over 30 days. Trent is related to or competes with Future Lifestyle, Jindal Hotels, GRUH Finance, Mindtree, GEE, and GRUH Finance. Trent Limited, together with its subsidiaries, operates a chain of retail stores primarily under the Westside brand in I...

Trent Upside/Downside Indicators

Information Ratio0.24
Maximum Drawdown5.49
Value At Risk1.65
Potential Upside1.17
  

Trent Market Premium Indicators

Risk Adjusted Performance0.039724
Jensen Alpha0.12
Total Risk Alpha0.45
Treynor Ratio4.30

Trent Limited Backtested Returns

Macroaxis considers Trent to be not too risky. Trent Limited owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2718 which indicates Trent Limited had -0.2718% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Trent Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Trent Coefficient Of Variation of 1,059 and Risk Adjusted Performance of 0.039724 to confirm risk estimate we provide. Macroaxis gives Trent performance score of 0 on a scale of 0 to 100. The entity has beta of 0.0262 which indicates as returns on market increase, Trent returns are expected to increase less than the market. However during bear market, the loss on holding Trent will be expected to be smaller as well.. Even though it is essential to pay attention to Trent Limited current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Trent Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Trent Limited has expected return of -0.2378%. Please be advised to validate Trent Semi Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Semi Variance to decide if Trent Limited past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.72 

Good predictability

Trent Limited has good predictability. Overlapping area represents the amount of predictability between Trent 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 Trent Limited price movement. The serial correlation of 0.72 indicates that around 72.0% of current Trent price fluctuation can be explain by its past prices.
Correlation Coefficient0.72
Spearman Rank Test0.35
Residual Average0.0
Price Variance7.82

Trent Limited lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Trent regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Trent Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - TRENT

Trent Limited Investor Sentiment

Most of Macroaxis users are at this time bullish on Trent Limited. What is your outlook on investing in Trent Limited? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Also please take a look at Trent Hype Analysis, Trent Correlation, Trent Valuation, Trent Volatility as well as analyze Trent Alpha and Beta and Trent Performance. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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