ZENTEC Backtesting

<div class='circular--portrait' style='background:#689CFD;color: #ffffff;font-size:4em;padding-top: 25px;;'>ZT</div>
ZENTEC -- India Stock  

INR 37.65  0.60  1.62%

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

ZEN TECHNOLOGIES 'What if' Analysis

0.00
03/02/2020
No Change 0.00  0.0 
In 3 months and 1 day
05/31/2020
0.00
If you would invest  0.00  in ZEN TECHNOLOGIES on March 2, 2020 and sell it all today you would earn a total of 0.00 from holding ZEN TECHNOLOGIES or generate 0.0% return on investment in ZEN TECHNOLOGIES over 90 days. Zen Technologies Limited, together with its subsidiary, designs, develops, and manufactures training simulators in India...

ZEN TECHNOLOGIES Upside/Downside Indicators

Information Ratio(0.045909)
Maximum Drawdown38.08
Value At Risk(12.47)
Potential Upside9.89

ZEN TECHNOLOGIES Market Premium Indicators

Risk Adjusted Performance(0.18)
Jensen Alpha(0.36)
Total Risk Alpha(0.34)
Treynor Ratio(2.06)

ZEN TECHNOLOGIES Backtested Returns

Macroaxis considers ZEN TECHNOLOGIES to be somewhat reliable. ZEN TECHNOLOGIES shows Sharpe Ratio of -0.045, which attests that the company had -0.045% of return per unit of standard deviation over the last 3 months. Macroaxis approach into determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. ZEN TECHNOLOGIES exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out ZEN TECHNOLOGIES Risk Adjusted Performance of (0.18) and Mean Deviation of 4.75 to validate the risk estimate we provide. The firm maintains a market beta of 0.1738, which attests that as returns on market increase, ZEN TECHNOLOGIES returns are expected to increase less than the market. However, during bear market, the loss on holding ZEN TECHNOLOGIES will be expected to be smaller as well. Even though it is essential to pay attention to ZEN TECHNOLOGIES historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis approach into 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. ZEN TECHNOLOGIES exposes twenty-one different technical indicators, which can help you to evaluate its performance. ZEN TECHNOLOGIES has an expected return of -0.3888%. Please be advised to check out ZEN TECHNOLOGIES Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if ZEN TECHNOLOGIES stock performance from the past will be repeated at future time.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.69 
correlation synergy

Good predictability

ZEN TECHNOLOGIES has good predictability. Overlapping area represents the amount of predictability between ZEN TECHNOLOGIES time series from 2nd of March 2020 to 16th of April 2020 and 16th of April 2020 to 31st of May 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 ZEN TECHNOLOGIES price movement. The serial correlation of 0.69 indicates that around 69.0% of current ZEN TECHNOLOGIES price fluctuation can be explain by its past prices.
Correlation Coefficient0.69
Spearman Rank Test0.32
Residual Average0.0
Price Variance6.89

ZEN TECHNOLOGIES lagged returns against current returns

 Current and Lagged Values 
      Timeline 

ZEN TECHNOLOGIES regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

ZEN TECHNOLOGIES Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - ZENTEC

ZEN TECHNOLOGIES Investor Sentiment

Macroaxis portfolio users are unemotional in their take regarding investing in ZEN TECHNOLOGIES. What is your take regarding investing in ZEN TECHNOLOGIES? Are you bullish or bearish?
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Check out ZEN TECHNOLOGIES Hype Analysis, ZEN TECHNOLOGIES Correlation, ZEN TECHNOLOGIES Valuation, ZEN TECHNOLOGIES Volatility as well as analyze ZEN TECHNOLOGIES Alpha and Beta and ZEN TECHNOLOGIES Performance. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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