VIKAS Backtesting

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VIKASWSP -- India Stock  

INR 6.80  0.10  1.49%

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

VIKAS WSP 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in VIKAS WSP on April 12, 2020 and sell it all today you would earn a total of 0.00 from holding VIKAS WSP or generate 0.0% return on investment in VIKAS WSP over 90 days. Vikas WSP Limited manufactures and exports guar gum powder in India, the United States, Europe, and internationally

VIKAS WSP Upside/Downside Indicators

Downside Deviation6.91
Information Ratio0.0474
Maximum Drawdown37.71
Value At Risk(8.99)
Potential Upside10.1

VIKAS WSP Market Premium Indicators

Risk Adjusted Performance0.14
Jensen Alpha0.5426
Total Risk Alpha(0.10)
Sortino Ratio0.045
Treynor Ratio(1.02)

VIKAS WSP Backtested Returns

VIKAS WSP appears to be unstable, given 3 months investment horizon. VIKAS WSP owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0929, which indicates the firm had 0.0929% of return per unit of standard deviation over the last 3 months. Our approach into measuring the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By examining VIKAS WSP technical indicators you can now evaluate if the expected return of 0.54% is justified by implied risk. Please operate VIKAS WSP risk adjusted performance of 0.14, and coefficient of variation of 1370.14 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, VIKAS WSP holds a performance score of 6. The entity has a beta of -0.4609, which indicates possible diversification benefits within a given portfolio. Let's try to break down what VIKAS's beta means in this case. As returns on the market increase, returns on owning VIKAS WSP are expected to decrease at a much lower rate. During the bear market, VIKAS WSP is likely to outperform the market. Although it is vital to follow to VIKAS WSP current price movements, it is good to be conservative about what you can do with the information regarding equity historical returns. The approach into 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 VIKAS WSP, which you can use to evaluate the performance of the company. Please operates VIKAS WSP standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to make a quick decision on whether VIKAS WSP existing price patterns will revert.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.64) 
correlation synergy

Very good reverse predictability

VIKAS WSP has very good reverse predictability. Overlapping area represents the amount of predictability between VIKAS WSP time series from 12th of April 2020 to 27th of May 2020 and 27th of May 2020 to 11th of July 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of VIKAS WSP price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current VIKAS WSP price fluctuation can be explain by its past prices. Given that VIKAS WSP has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of VIKAS WSP for similar time interval.
Correlation Coefficient-0.64
Spearman Rank Test-0.22
Residual Average0.0
Price Variance0.39

VIKAS WSP lagged returns against current returns

 Current and Lagged Values 

VIKAS WSP regressed lagged prices vs. current prices

 Current vs Lagged Prices 

VIKAS WSP Lagged Returns

 Regressed Prices 

Current Sentiment - VIKASWSP

VIKAS WSP Investor Sentiment

Macroaxis portfolio users are unemotional in their outlook on investing in VIKAS WSP. What is your outlook on investing in VIKAS WSP? Are you bullish or bearish?
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50% Bearish

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Also please take a look at VIKAS WSP Hype Analysis, VIKAS WSP Correlation, VIKAS WSP Valuation, VIKAS WSP Volatility as well as analyze VIKAS WSP Alpha and Beta and VIKAS WSP Performance. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page