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58 Com Backtesting

<div class='circular--portrait' style='background:#FF9E01;color: white;font-size:4em;padding-top: 25px;;'>58</div>
WUBA -- USA Stock  

Last Earning Anouncement Date: March 31, 2016  

With this equity back-testing module your can estimate the performance of a buy and hold strategy of 58 Com and determine expected loss or profit from investing in 58 Com over given investment horizon. Check out 58 Com Hype Analysis, 58 Com Correlation, 58 Com Valuation, 58 Com Volatility as well as analyze 58 Com Alpha and Beta and 58 Com Performance.
SymbolX
Backtest

58 Com 'What if' Analysis

November 23, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
February 21, 2020
0.00
If you would invest  0.00  in 58 Com on November 23, 2019 and sell it all today you would earn a total of 0.00 from holding 58 Com or generate 0.0% return on investment in 58 Com over 90 days. 58 Com is related to or competes with Visa, BrightView Holdings, Verisk Analytics, Emerald Expositions, Fiverr International, and R R. 58.com Inc. operates various multi-category online classifieds platforms and vertical listing platforms that enable loca...

58 Com Upside/Downside Indicators

Downside Deviation2.48
Information Ratio0.0547
Maximum Drawdown20.02
Value At Risk(4.13)
Potential Upside4.69

58 Com Market Premium Indicators

Risk Adjusted Performance0.0724
Jensen Alpha0.2612
Total Risk Alpha(0.05)
Sortino Ratio0.0666
Treynor Ratio(0.90)

58 Com Backtested Returns

Macroaxis considers 58 Com to be not too volatile. 58 Com retains Efficiency (Sharpe Ratio) of -0.0161 which signifies that the company had -0.0161% of return per unit of price deviation over the last 3 months. Macroaxis way in which we are foreseeing 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. 58 Com exposes twenty-seven different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm 58 Com Standard Deviation of 3.01, Coefficient Of Variation of 1201.17 and Market Risk Adjusted Performance of (0.89) to double-check risk estimate we provide. The corporation owns Beta (Systematic Risk) of -0.2671 which signifies that as returns on market increase, returns on owning 58 Com are expected to decrease at a much smaller rate. During bear market, 58 Com is likely to outperform the market. Even though it is essential to pay attention to 58 Com existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are foreseeing 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. 58 Com exposes twenty-seven different technical indicators which can help you to evaluate its performance. 58 Com has expected return of -0.0402%. Please be advised to confirm 58 Com Sortino Ratio, Semi Variance and the relationship between Information Ratio and Value At Risk to decide if 58 Com past performance will be repeated sooner or later.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.79) 
correlation synergy

Almost perfect reverse predictability

58 Com has almost perfect reverse predictability. Overlapping area represents the amount of predictability between 58 Com time series from November 23, 2019 to January 7, 2020 and January 7, 2020 to February 21, 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 58 Com price movement. The serial correlation of -0.79 indicates that around 79.0% of current 58 Com price fluctuation can be explain by its past prices. Given that 58 Com has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of 58 Com for similar time interval.
Correlation Coefficient-0.79
Spearman Rank Test-0.79
Residual Average0.0
Price Variance20.02

58 Com lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

58 Com regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

58 Com Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - WUBA

58 Com Investor Sentiment

Most of Macroaxis users are at this time bullish on 58 Com. What is your sentiment towards investing in 58 Com? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Check out 58 Com Hype Analysis, 58 Com Correlation, 58 Com Valuation, 58 Com Volatility as well as analyze 58 Com Alpha and Beta and 58 Com Performance. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .