ATX (Austria) Backtesting

ATX -- Austria Index  

 3,315  17.29  0.52%

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. See also ATX Hype Analysis, ATX Correlation, Portfolio Optimization, ATX Volatility as well as analyze ATX Alpha and Beta and ATX Performance
Investment Horizon     30 Days    Login   to change

ATX 'What if' Analysis

October 21, 2017
No Change 0.00  0.0%
In 31 days
November 20, 2017
If you would invest  0.00  in ATX on October 21, 2017 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 30 days. ATX is entity of Austria. It is traded as Index on Index exchange.

ATX Upside/Downside Indicators


ATX Market Premium Indicators

ATX lagged returns against current returns

 Current and Lagged Values 

ATX regressed lagged prices vs. current prices

 Current vs Lagged Prices 

ATX Backtested Returns

ATX secures Sharpe Ratio (or Efficiency) of -0.165 which signifies that ATX had -0.165% of return per unit of volatility over the last 1 month. 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-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. The organization shows 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-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.45) 

Modest reverse predictability

ATX has modest reverse predictability. Overlapping area represents the amount of predictability between ATX time series from October 21, 2017 to November 5, 2017 and November 5, 2017 to November 20, 2017. 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 -0.45 indicates that just about 45.0% of current ATX price fluctuation can be explain by its past prices. Given that ATX has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ATX for similar time interval.
Correlation Coefficient -0.45
Spearman Rank Test -0.58
Price Variance 1015.64
Lagged Price Variance 448.71

ATX Lagged Returns

 Regressed Prices 

ATX Performance vs ATX

The median price of ATX for the period between Sat, Oct 21, 2017 and Mon, Nov 20, 2017 is 3390.3 with a coefficient of variation of 0.92. The daily time series for the period is distributed with a sample standard deviation of 31.08, arithmetic mean of 3386.87, and mean deviation of 23.65. The Index did not receive any noticable media coverage during the period.
Price Growth (%)