Trent (India) Backtesting

TRENT -- India Stock  

INR 355.55  1.45  0.41%

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

November 17, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
January 16, 2019
0.00
If you would invest  0.00  in Trent on November 17, 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 60 days. Trent is related to or competes with Trent, Future Lifestyle, Future Lifestyle, Odyssey Technologies, Beeyu Overseas, Dai Ichi, and ILFS Investment. Trent Limited, together with its subsidiaries, operates a chain of retail stores primarily under the Westside brand in I...

Trent Upside/Downside Indicators

Downside Deviation1.38
Information Ratio0.252
Maximum Drawdown8.8
Value At Risk(2.03)
Potential Upside3.21
  

Trent Market Premium Indicators

Risk Adjusted Performance0.2853
Jensen Alpha0.2344
Total Risk Alpha0.375
Sortino Ratio0.2952
Treynor Ratio5.1

Trent Limited Backtested Returns

Macroaxis considers Trent not too risky given 2 months investment horizon. Trent Limited owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.157 which indicates Trent Limited had 0.157% 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. We have found twenty-one technical indicators for Trent Limited which you can use to evaluate future volatility of the company. Please operate Trent Semi Deviation of 0.9771, Coefficient Of Variation of 683.54 and Risk Adjusted Performance of 0.2853 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Trent holds performance score of 10. The entity has beta of 0.0444 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. . Although it is vital to follow to Trent Limited 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. By inspecting Trent Limited technical indicators you can presently evaluate if the expected return of 0.2913% will be sustainable into the future. Please operates Trent Semi Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Semi Variance to make a quick decision on weather Trent Limited existing price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.04) 
correlation synergy

Very weak reverse predictability

Trent Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Trent time series from November 17, 2018 to December 17, 2018 and December 17, 2018 to January 16, 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 Trent Limited price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Trent price fluctuation can be explain by its past prices. Given that Trent Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Trent for similar time interval.
Correlation Coefficient-0.04
Spearman Rank Test0.19
Residual Average0.0
Price Variance22.71

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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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