TSINGTAO BREWERY (Germany) Backtesting

TSI -- Germany Stock  

EUR 3.60  0.06  1.69%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of TSINGTAO BREWERY H YC 1 and determine expected loss or profit from investing in TSINGTAO BREWERY over given investment horizon. Also please take a look at TSINGTAO BREWERY Hype Analysis, TSINGTAO BREWERY Correlation, TSINGTAO BREWERY Valuation, TSINGTAO BREWERY Volatility as well as analyze TSINGTAO BREWERY Alpha and Beta and TSINGTAO BREWERY Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

TSINGTAO BREWERY 'What if' Analysis

September 22, 2018
0.00
No Change 0.00  0.0%
In 30 days
October 22, 2018
0.00
If you would invest  0.00  in TSINGTAO BREWERY on September 22, 2018 and sell it all today you would earn a total of 0.00 from holding TSINGTAO BREWERY H YC 1 or generate 0.0% return on investment in TSINGTAO BREWERY over 30 days. TSINGTAO BREWERY is related to or competes with Apple, Amazon, Ecopetrol, Alphabet, Microsoft, Alphabet, and Facebook.

TSINGTAO BREWERY Upside/Downside Indicators

Downside Deviation3.05
Information Ratio0.0859
Maximum Drawdown9.92
Value At Risk3.84
Potential Upside3.67
  

TSINGTAO BREWERY Market Premium Indicators

Risk Adjusted Performance0.0297
Jensen Alpha0.1087
Total Risk Alpha0.4511
Sortino Ratio0.0717
Treynor Ratio0.128

TSINGTAO BREWERY H Backtested Returns

Macroaxis considers TSINGTAO BREWERY to be unusually risky. TSINGTAO BREWERY H owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1231 which indicates TSINGTAO BREWERY H had -0.1231% of return per unit of volatility over the last 1 month. Macroaxis way in which we are 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. TSINGTAO BREWERY H YC 1 exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate TSINGTAO BREWERY Risk Adjusted Performance of 0.0297 and Coefficient Of Variation of 4530.42 to confirm risk estimate we provide. Macroaxis gives TSINGTAO BREWERY performance score of 0 on a scale of 0 to 100. The entity has beta of 0.3616 which indicates as returns on market increase, TSINGTAO BREWERY returns are expected to increase less than the market. However during bear market, the loss on holding TSINGTAO BREWERY will be expected to be smaller as well.. Even though it is essential to pay attention to TSINGTAO BREWERY H current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis way in which we are 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. TSINGTAO BREWERY H YC 1 exposes twenty-one different technical indicators which can help you to evaluate its performance. TSINGTAO BREWERY H has expected return of -0.2506%. Please be advised to validate TSINGTAO BREWERY Maximum Drawdown, Semi Variance and the relationship between Jensen Alpha and Potential Upside to decide if TSINGTAO BREWERY H past performance will be repeated at some future point.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.22) 

Weak reverse predictability

TSINGTAO BREWERY H YC 1 has weak reverse predictability. Overlapping area represents the amount of predictability between TSINGTAO BREWERY time series from September 22, 2018 to October 7, 2018 and October 7, 2018 to October 22, 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 TSINGTAO BREWERY H price movement. The serial correlation of -0.22 indicates that over 22.0% of current TSINGTAO BREWERY price fluctuation can be explain by its past prices. Given that TSINGTAO BREWERY H YC 1 has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of TSINGTAO BREWERY for similar time interval.
Correlation Coefficient-0.22
Spearman Rank Test-0.12
Residual Average0.0
Price Variance0.01

TSINGTAO BREWERY H lagged returns against current returns

 Current and Lagged Values 
      Timeline 

TSINGTAO BREWERY regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

TSINGTAO BREWERY Lagged Returns

 Regressed Prices 
      Timeline 

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Also please take a look at TSINGTAO BREWERY Hype Analysis, TSINGTAO BREWERY Correlation, TSINGTAO BREWERY Valuation, TSINGTAO BREWERY Volatility as well as analyze TSINGTAO BREWERY Alpha and Beta and TSINGTAO BREWERY Performance. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.
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