Vimta Labs (India) Backtesting

VIMTALABS -- India Stock  

INR 164.40  0.05  0.0304%

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

May 18, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
July 17, 2019
0.00
If you would invest  0.00  in Vimta Labs on May 18, 2019 and sell it all today you would earn a total of 0.00 from holding Vimta Labs Limited or generate 0.0% return on investment in Vimta Labs over 60 days. Vimta Labs is related to or competes with Dr Lal, Thyrocare Technologies, Vimta Labs, Medinova Diagnostic, OCEANAA BIOTEK, and Choksi Laboratories. Vimta Labs Limited provides contract research and testing services in India and internationally

Vimta Labs Upside/Downside Indicators

Information Ratio(0.14)
Maximum Drawdown19.44
Value At Risk(2.40)
Potential Upside2.98

Vimta Labs Market Premium Indicators

Risk Adjusted Performance(0.05)
Jensen Alpha(0.29)
Total Risk Alpha(0.81)
Treynor Ratio(0.81)

Vimta Labs Limited Backtested Returns

Macroaxis considers Vimta Labs to be very steady. Vimta Labs Limited owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1783 which indicates the firm had -0.1783% of return per unit of risk over the last 2 months. 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. Vimta Labs Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Vimta Labs Risk Adjusted Performance of (0.05) and Coefficient Of Variation of (1,127) to confirm risk estimate we provide. The entity has beta of 0.3077 which indicates as returns on market increase, Vimta Labs returns are expected to increase less than the market. However during bear market, the loss on holding Vimta Labs will be expected to be smaller as well. Even though it is essential to pay attention to Vimta Labs 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. Vimta Labs Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Vimta Labs Limited has expected return of -0.5614%. Please be advised to validate Vimta Labs Variance, Maximum Drawdown as well as the relationship between Maximum Drawdown and Semi Variance to decide if Vimta Labs Limited past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.51 
correlation synergy

Modest predictability

Vimta Labs Limited has modest predictability. Overlapping area represents the amount of predictability between Vimta Labs time series from May 18, 2019 to June 17, 2019 and June 17, 2019 to July 17, 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 Vimta Labs Limited price movement. The serial correlation of 0.51 indicates that about 51.0% of current Vimta Labs price fluctuation can be explain by its past prices.
Correlation Coefficient0.51
Spearman Rank Test-0.26
Residual Average0.0
Price Variance4.61

Vimta Labs Limited lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Vimta Labs regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Vimta Labs Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - VIMTALABS

Vimta Labs Limited Investor Sentiment

Macroaxis portfolio users are unemotional in their outlook on investing in Vimta Labs Limited. What is your outlook on investing in Vimta Labs Limited? Are you bullish or bearish?
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Bearish
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50% Bearish
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Also please take a look at Vimta Labs Hype Analysis, Vimta Labs Correlation, Vimta Labs Valuation, Vimta Labs Volatility as well as analyze Vimta Labs Alpha and Beta and Vimta Labs Performance. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.
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