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WirTek Backtesting

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WIRTEK -- Denmark Stock  

DKK 5.80  0.15  2.65%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of WirTek AS and determine expected loss or profit from investing in WirTek AS over given investment horizon. Check out WirTek AS Hype Analysis, WirTek AS Correlation, WirTek AS Valuation, WirTek AS Volatility as well as analyze WirTek AS Alpha and Beta and WirTek AS Performance.
Symbol
Backtest

WirTek AS 'What if' Analysis

0.00
01/05/2020
No Change 0.00  0.0 
In 3 months and 1 day
04/04/2020
0.00
If you would invest  0.00  in WirTek AS on January 5, 2020 and sell it all today you would earn a total of 0.00 from holding WirTek AS or generate 0.0% return on investment in WirTek AS over 90 days. WirTek AS, a software outsourcing company, provides software development and product testing consultancy services in Den...

WirTek AS Upside/Downside Indicators

Information Ratio0.0407
Maximum Drawdown23.1
Value At Risk(4.83)
Potential Upside2.86

WirTek AS Market Premium Indicators

Risk Adjusted Performance(0.36)
Jensen Alpha(0.35)
Total Risk Alpha0.0365
Treynor Ratio1.96

WirTek AS Backtested Returns

Macroaxis considers WirTek AS to be very risky. WirTek AS shows Sharpe Ratio of -0.1145, which attests that the company had -0.1145% of return per unit of risk over the last 3 months. Macroaxis philosophy towards determining 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. WirTek AS exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out WirTek AS Market Risk Adjusted Performance of 1.97 and Mean Deviation of 1.98 to validate the risk estimate we provide. The firm maintains a market beta of -0.148, which attests that as returns on market increase, returns on owning WirTek AS are expected to decrease at a much smaller rate. During bear market, WirTek AS is likely to outperform the market. Even though it is essential to pay attention to WirTek AS historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining 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. WirTek AS exposes twenty-one different technical indicators, which can help you to evaluate its performance. WirTek AS has an expected return of -0.3641%. Please be advised to check out WirTek AS Jensen Alpha and Downside Variance to decide if WirTek AS stock performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.75 
correlation synergy

Good predictability

WirTek AS has good predictability. Overlapping area represents the amount of predictability between WirTek AS time series from 5th of January 2020 to 19th of February 2020 and 19th of February 2020 to 4th of April 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 WirTek AS price movement. The serial correlation of 0.75 indicates that around 75.0% of current WirTek AS price fluctuation can be explain by its past prices.
Correlation Coefficient0.75
Spearman Rank Test0.4
Residual Average0.0
Price Variance0.33

WirTek AS lagged returns against current returns

 Current and Lagged Values 
    
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WirTek AS regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

WirTek AS Lagged Returns

 Regressed Prices 
    
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Current Sentiment - WIRTEK

WirTek AS Investor Sentiment

Macroaxis portfolio users are unemotional in their outlook on investing in WirTek AS. What is your outlook on investing in WirTek AS? Are you bullish or bearish?
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Check out WirTek AS Hype Analysis, WirTek AS Correlation, WirTek AS Valuation, WirTek AS Volatility as well as analyze WirTek AS Alpha and Beta and WirTek AS Performance. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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