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ATX (Austria) Backtesting

ATX
ATX -- Austria Index  

 2,047  81.61  4.15%

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

ATX 'What if' Analysis

0.00
01/07/2020
No Change 0.00  0.0 
In 3 months and 1 day
04/06/2020
0.00
If you would invest  0.00  in ATX on January 7, 2020 and sell it all today you would earn a total of 0.00 from holding ATX or generate 0.0% return on investment in ATX over 90 days. ATX is related to or competes with Romanian Traded, ALPHABET INC, ALIBABA GROUP, TENCENT HOLDINGS, BERKSHIRE HATHAWAY, JOHNSON JOHNSON, and SAMSUNG ELECTRO. ATX is entity of Austria. It is traded as Index on Index exchange.

ATX Upside/Downside Indicators

Information Ratio(0.08)
Maximum Drawdown15.88
Value At Risk(7.79)
Potential Upside2.23

ATX Market Premium Indicators

Risk Adjusted Performance(0.78)
Total Risk Alpha(0.33)

ATX Backtested Returns

ATX secures Sharpe Ratio (or Efficiency) of -0.1788, which signifies that the index had -0.1788% of return per unit of volatility over the last 3 months. Macroaxis approach towards foreseeing risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. ATX exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. The organization shows a Beta (market volatility) of 0.0, which signifies that the returns on MARKET and ATX are completely uncorrelated. Even though it is essential to pay attention to ATX historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach towards foreseeing future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. ATX exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.56 
correlation synergy

Modest predictability

ATX has modest predictability. Overlapping area represents the amount of predictability between ATX time series from 7th of January 2020 to 21st of February 2020 and 21st of February 2020 to 6th 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 ATX price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current ATX price fluctuation can be explain by its past prices.
Correlation Coefficient0.56
Spearman Rank Test0.03
Residual Average0.0
Price Variance198858.67

ATX lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

ATX regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

ATX Lagged Returns

 Regressed Prices 
    
  Timeline 

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Check out ATX Hype Analysis, ATX Correlation, Portfolio Optimization, ATX Volatility as well as analyze ATX Alpha and Beta and ATX Performance. Please also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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