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Madrid Gnrl (Spain) Backtesting

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

Madrid Gnrl 'What if' Analysis

0.00
01/03/2020
No Change 0.00  0.0 
In 2 months and 31 days
04/02/2020
0.00
If you would invest  0.00  in Madrid Gnrl on January 3, 2020 and sell it all today you would earn a total of 0.00 from holding Madrid Gnrl or generate 0.0% return on investment in Madrid Gnrl over 90 days. Madrid Gnrl is related to or competes with INDUSTRIA, ACCIONES IBERDROLA, CAIXABANK, RED ELECTRICA, MAPFRE S, and ENAGAS S.

Madrid Gnrl Upside/Downside Indicators

Information Ratio(0.047942)
Maximum Drawdown15.87
Value At Risk(3.92)
Potential Upside3.28

Madrid Gnrl Market Premium Indicators

Risk Adjusted Performance(0.65)
Total Risk Alpha(0.22)

Madrid Gnrl Backtested Returns

Madrid Gnrl has Sharpe Ratio of -0.1649, which conveys that the entity had -0.1649% of return per unit of risk over the last 3 months. Macroaxis philosophy towards estimating 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. Madrid Gnrl exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. The index secures a Beta (Market Risk) of 0.0, which conveys that the returns on MARKET and Madrid Gnrl are completely uncorrelated. Even though it is essential to pay attention to Madrid Gnrl price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating 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. Madrid Gnrl exposes twenty-one different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.26) 
correlation synergy

Weak reverse predictability

Madrid Gnrl has weak reverse predictability. Overlapping area represents the amount of predictability between Madrid Gnrl time series from January 3, 2020 to February 17, 2020 and February 17, 2020 to April 2, 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 Madrid Gnrl price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Madrid Gnrl price fluctuation can be explain by its past prices. Given that Madrid Gnrl has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Madrid Gnrl for similar time interval.
Correlation Coefficient-0.26
Spearman Rank Test-0.42
Residual Average0.0
Price Variance17870.25

Madrid Gnrl lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Madrid Gnrl regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Madrid Gnrl Lagged Returns

 Regressed Prices 
    
  Timeline 

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Check out Madrid Gnrl Hype Analysis, Madrid Gnrl Correlation, Portfolio Optimization, Madrid Gnrl Volatility as well as analyze Madrid Gnrl Alpha and Beta and Madrid Gnrl Performance. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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