Study: Buy CENTURYTEX when above 200 SMA and near 50 SMA and above 50 SMA

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In this study, we evaluate the performance of strategy "Buy CENTURYTEX when above 200 SMA and near 50 SMA and above 50 SMA" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy CENTURYTEX at the closing price whenever the signal triggers (Rs. 2Lac per trade). Then cover the position "X" trading days later at close_price i.e. sell after "X" trading days. Here are the results of this study:

X DaysNet ProfitTotal TradesWinning TradesLosing Trades% ProfitableAvg Winning TradeMax Winning TradeAvg Losing TradeMax Losing TradeWin/Loss RatioProfit FactorSharpe RatioAvg Trade
192202.2555391670.914065.5913333.33-4147.24-14658.630.982.390.0681676.4
214364055371867.275788.8419464.72-3919.28-13650.281.483.040.0842611.64
376298.4855361965.455912.2523770.49-7186.44-21686.750.821.560.0331387.25
428225.3455272849.097706.7128064.01-6423.42-23092.371.21.160.011513.19
536785.8355302554.558348.9921623.73-8547.36-23583.650.981.170.013668.83
651152.2755312456.3610049.4240831.33-10849.16-39495.620.931.20.014930.04
737478.2655322358.1810883.6341464.98-13512.95-46385.540.811.120.0086681.42
845353.9755322358.1812223.6247322.14-15034.86-60040.160.811.130.009824.62
914334255292652.7316743.1450007.99-13161.9-74096.391.271.420.0262606.21
1023378055322358.1818292.6469832.13-15286.3-54216.871.21.660.044250.54

From the table above, we see that best results are achieved by holding positions for 2 trading days. Profit factor is 3.04. Strategy is very good and impressively bullish. Percentage of profitable trades is 67.27%, which is good. Average return per trade is 1.31%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.084, which is low, don't trade solely on the basis of this study.
In the chart below, we plot cumulative trade gain versus trades. This chart is important and informative as it shows the performance of strategy over time.
CENTURYTEX Performance, X=2, Profit Factor:3.04

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2019313 May 2019 (-0.08%), 14 Jun 2019 (-1.39%), 02 Jul 2019 (0.98%)
2018131 Jan 2018 (-6.83%)
2017606 Jan 2017 (1.26%), 16 Jun 2017 (0.73%), 04 Jul 2017 (1.28%), 04 Oct 2017 (4.11%), 17 Nov 2017 (1.73%), 08 Dec 2017 (4.88%)
2016220 Jun 2016 (2.2%), 17 Aug 2016 (1.38%)
2015512 Jan 2015 (0.52%), 28 May 2015 (-1.06%), 19 Jun 2015 (0.64%), 29 Jul 2015 (3.46%), 14 Aug 2015 (2.76%)
2014627 Jan 2014 (0.4%), 13 Feb 2014 (1.23%), 08 Aug 2014 (2.98%), 28 Aug 2014 (6.26%), 13 Nov 2014 (2.49%), 03 Dec 2014 (-0.98%)
2013217 Jan 2013 (1.05%), 10 Dec 2013 (-3.51%)
2012225 Apr 2012 (-1.71%), 29 Aug 2012 (1.05%)
2010525 Jan 2010 (-5.26%), 05 Mar 2010 (-0.59%), 23 Mar 2010 (1.32%), 18 Oct 2010 (-1.34%), 02 Nov 2010 (3.06%)
2009515 Jul 2009 (9.73%), 11 Aug 2009 (3.5%), 12 Nov 2009 (0.68%), 07 Dec 2009 (4.55%), 22 Dec 2009 (5.8%)
2007231 Jan 2007 (2.81%), 08 Jun 2007 (0.66%)
2006121 Feb 2006 (-0.05%)
2005419 Jan 2005 (0.85%), 30 May 2005 (-0.16%), 28 Jun 2005 (8.14%), 26 Nov 2005 (-2.0%)
2004213 Jan 2004 (-2.1%), 27 Oct 2004 (-0.83%)
2003427 Jan 2003 (3.77%), 12 Feb 2003 (0.1%), 28 Feb 2003 (-4.02%), 25 Nov 2003 (4.77%)
2002315 Feb 2002 (2.89%), 16 Apr 2002 (6.56%), 22 May 2002 (6.52%)
2001127 Feb 2001 (-0.9%)
1996108 May 1996 (-2.46%)

Strategy Analysis - Exit Criteria

In the study above, exit criterion was that hold the position for "X" trading days. That's one possible exit criterion. However, we can have more elaborate exit criteria. Now we study this strategy under other exit criteria. There are 3 things which you must get to know before proceeding further. Table below shows the performance of this strategy under various exit combinations. Note that nil,nil,-1 is a special exit combination where we just take the best result of "X" Analysis study above.

Stop LossAdjust Stop LossTargetAvg Holding PeriodNet ProfitTotal TradesWinning TradesLosing Trades% ProfitableAvg Winning TradeMax Winning TradeAvg Losing TradeMax Losing TradeWin/Loss RatioProfit FactorSharpe RatioAvg Trade
nilnil-1214364055371867.275788.8419464.72-3919.28-13650.281.483.040.0842611.64
50trail-13.9524823682285434.1513640.9472439.18-2476.11-3994.385.512.860.0513027.27
atrnil27.1323307455272849.0916877.2531131.54-7950.41-17088.262.122.050.0664237.72
atrtrail35.918751567323547.7611582.146697.31-5231.77-17088.262.212.020.0492798.73
50trail32.0513519883315237.358657.6211970.16-2561.31-3994.383.382.020.0581628.89
atrtrail25.0918424467323547.7611479.8831131.54-5231.77-17088.262.192.010.0552749.91
atrtrail-16.6418261766303645.4512315.2444505.47-5190-17088.262.371.980.0442766.93
50nil32.2912949180305037.59382.4311970.16-3039.64-3994.383.091.850.0541618.63
50trail21.6510487985374843.536261.77980.11-2641.75-3994.382.371.830.0551233.87
atrnil310.2419937651183335.2925664.2746697.31-7957-17088.263.231.760.0473909.33
50nil21.7593813.6583374644.586304.837980.11-3031.85-3994.382.081.670.0491130.28

In the table above, row 1 shows the best exit criterion. Profit factor is 3.04. Strategy is very good and impressively bullish. Percentage of profitable trades is 67.27%, which is good. Average return per trade is 1.31%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.084, which is low, don't trade solely on the basis of this study.
Performance of strategy chart over time is same as above.

View performance of other stocks for this trading system.

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