Uni Abex (India) Backtesting

UNIABEXAL -- India Stock  

INR 528.50  0.00  0.00%

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

Uni Abex 'What if' Analysis

August 25, 2018
No Change 0.00  0.0%
In 31 days
September 24, 2018
If you would invest  0.00  in Uni Abex on August 25, 2018 and sell it all today you would earn a total of 0.00 from holding Uni Abex Alloy Products Ltd or generate 0.0% return on investment in Uni Abex over 30 days. Uni Abex is related to or competes with Tata Consultancy, Tata Consultancy, Reliance Industries, Reliance Industries, HDFC Bank, HDFC Bank, and ITC. Uni Abex Alloy Products Limited produces static and centrifugal castings, and assemblies in heat and corrosion resistant...

Uni Abex Upside/Downside Indicators

Downside Deviation3.19
Information Ratio0.041706
Maximum Drawdown9.85
Value At Risk4.87
Potential Upside4.74

Uni Abex Market Premium Indicators

Risk Adjusted Performance0.0192
Jensen Alpha0.13
Total Risk Alpha0.92
Sortino Ratio0.034972
Treynor Ratio0.0501

Uni Abex Alloy Backtested Returns

We consider Uni Abex not too risky. Uni Abex Alloy owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0355 which indicates Uni Abex Alloy had 0.0355% of return per unit of risk over the last 1 month. 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 Uni Abex Alloy Products Ltd which you can use to evaluate future volatility of the company. Please validate Uni Abex Semi Deviation of 2.24, Coefficient Of Variation of 4156.5 and Risk Adjusted Performance of 0.0192 to confirm if risk estimate we provide are consistent with the epected return of 0.0895%. Uni Abex has performance score of 2 on a scale of 0 to 100. The entity has beta of 1.0859 which indicates Uni Abex returns are very sensitive to returns on the market. as market goes up or down, Uni Abex is expected to follow.. Although it is extremely important to respect Uni Abex Alloy current price movements, it is better to be realistic regarding the information on 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 Uni Abex Alloy technical indicators you can presently evaluate if the expected return of 0.0895% will be sustainable into the future. Uni Abex Alloy right now has a risk of 2.5188%. Please validate Uni Abex Maximum Drawdown, Semi Variance and the relationship between Jensen Alpha and Potential Upside to decide if Uni Abex will be following its existing price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.08 

Virtually no predictability

Uni Abex Alloy Products Ltd has virtually no predictability. Overlapping area represents the amount of predictability between Uni Abex time series from August 25, 2018 to September 9, 2018 and September 9, 2018 to September 24, 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 Uni Abex Alloy price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Uni Abex price fluctuation can be explain by its past prices.
Correlation Coefficient0.08
Spearman Rank Test0.12
Residual Average0.0
Price Variance57.09

Uni Abex Alloy lagged returns against current returns

 Current and Lagged Values 

Uni Abex regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Uni Abex Lagged Returns

 Regressed Prices 

Current Sentiment - UNIABEXAL

Uni Abex Alloy Investor Sentiment

Macroaxis portfolio users are unemotional in their outlook on investing in Uni Abex Alloy Products Ltd. What is your outlook on investing in Uni Abex Alloy Products Ltd? Are you bullish or bearish?
50% Bullish
50% Bearish

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Also please take a look at Uni Abex Hype Analysis, Uni Abex Correlation, Uni Abex Valuation, Uni Abex Volatility as well as analyze Uni Abex Alpha and Beta and Uni Abex Performance. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.
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