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Defence Procurement (DAC approvals) policy basket

All 22 listed companies on the Defence Procurement (DAC approvals) map: DAC approvals, Buy (Indian-IDDM) and import-ban lists - who wins as India buys its weapons at home

This basket · 1Y
Your picks
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all stocks: same as this basket
Not rebalanced
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shown when rebalanced
Nifty 50

Backtest statistics · 1Ypast 1 year · equal weight, not rebalanced

Return
CAGR
Volatility
annualised
Max drawdown
Sortino
target 0%
Beta · Nifty 50
Up capture
Down capture
Best month
Worst month
Nifty 50
same dates
Months up
Turnover
when rebalanced
Trades
when rebalanced
What these mean
  • Return: Change in the basket's value over the range.
  • CAGR: Compound growth per year. Not shown for a year or less: there it would only re-scale the return by the period's exact day count.
  • Volatility: Standard deviation of daily returns, scaled to a year.
  • Max drawdown: Deepest fall from a previous high, peak to trough, and whether the basket has climbed back to that high.
  • Sortino: Annualised return per unit of downside volatility (only falling bars count). Higher is better; above 1 is good.
  • Beta · Nifty 50: How much the basket moves for a 1% move in the Nifty 50. Above 1 swings more than the market.
  • Up capture: How much of the Nifty 50's rise the basket took, in the calendar months the index went up. Above 100% beats it.
  • Down capture: How much of the Nifty 50's fall the basket took, in the calendar months the index went down. Below 100% loses less.
  • Best month: Best calendar month, from one month-end close to the next.
  • Worst month: Worst calendar month, from one month-end close to the next.
  • Nifty 50: The Nifty 50's own change over the basket's dates (price index, no dividends).
  • Months up: Calendar months the basket ended higher than the month before, out of the months in the range.
  • Turnover: Share of the basket bought and sold to get back to the target weights, counted one way and added up over every rebalance. Each 100% means trading the whole basket once. Shown when the basket is rebalanced.
  • Trades: Buys and sells across all the rebalances (the first day's purchase not counted). No costs are taken off the return: brokerage, taxes and slippage would lower it.
  • Measured on daily closes against the Nifty 50 over the same dates.
  • Past prices only: not a forecast. Export Excel (at the top of the page) holds these figures, the holdings and the basket’s value line, not raw prices.

Backtest · 1Ypast 1 year · equal weight, not rebalanced

Backtesting the basket…
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Return, past 1 year

Closing prices, rebased to 0%. Price change only. Nifty India Defence via an ETF that tracks it.

Stocks (22) · past 1 year

Chart lines22 of 22 on

Every stock's line is on the chart. Untick a box to hide one.

target → now share · pts added to the return

Return over the past 1 year · target its share of the basket when bought, now after the price moves · pts what it added to the basket’s return · P/E and market cap from our last data update

Backtest analysis · 1Ypast 1 year

How it is backtested: bought on the first day of the period at equal weights and held without rebalancing. Price change only, no dividends, costs or taxes. Stocks listed during the period are left out of it. The basket is today’s list of stocks, so companies that fell out of the industry before now are missing. A tracking and research tool, not investment advice. Every listed company on the Defence Procurement (DAC approvals) map.

0 stocks left out of the projection

    A projection needs at least 3 years of results, 3 years of trading, and a price and market cap in our last data update. No stock in this basket meets that yet, so there is nothing to project. This changes only the projection, not the backtest.