Agilent Technologies Backtesting

A -- USA Stock  

USD 62.79  0.25  0.40%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Agilent Technologies and determine expected loss or profit from investing in Agilent Technologies over given investment horizon. Check also Agilent Technologies Hype Analysis, Agilent Technologies Correlation, Agilent Technologies Valuation, Agilent Technologies Volatility as well as analyze Agilent Technologies Alpha and Beta and Agilent Technologies Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Agilent Technologies 'What if' Analysis

May 24, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 23, 2018
0.00
If you would invest  0.00  in Agilent Technologies on May 24, 2018 and sell it all today you would earn a total of 0.00 from holding Agilent Technologies or generate 0.0% return on investment in Agilent Technologies over 30 days. Agilent Technologies is related to or competes with Curtiss Wright, Sensata Technologies, FLIR Systems, AMETEK, IDEX, and METTLER TOLEDO. Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemica...

Agilent Technologies Upside/Downside Indicators

Maximum Drawdown4.86
Value At Risk2.06
Potential Upside1.39
  

Agilent Technologies Market Premium Indicators

Risk Adjusted Performance0.01

Agilent Technologies Backtested Returns

Macroaxis considers Agilent Technologies to be not too risky. Agilent Technologies secures Sharpe Ratio (or Efficiency) of -0.0751 which signifies that Agilent Technologies had -0.0751% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Agilent Technologies exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Agilent Technologies Risk Adjusted Performance of 0.01 and Mean Deviation of 0.9258 to double-check risk estimate we provide. Macroaxis gives Agilent Technologies performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Agilent Technologies are completely uncorrelated. Even though it is essential to pay attention to Agilent Technologies historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Agilent Technologies exposes twenty-one different technical indicators which can help you to evaluate its performance. Agilent Technologies has expected return of -0.0925%. Please be advised to confirm Agilent Technologies Coefficient Of Variation, Jensen Alpha, Potential Upside, as well as the relationship between Variance and Maximum Drawdown to decide if Agilent Technologies past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.88) 

Excellent reverse predictability

Agilent Technologies has excellent reverse predictability. Overlapping area represents the amount of predictability between Agilent Technologies time series from May 24, 2018 to June 8, 2018 and June 8, 2018 to June 23, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Agilent Technologies price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Agilent Technologies price fluctuation can be explain by its past prices. Given that Agilent Technologies has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Agilent Technologies for similar time interval.
Correlation Coefficient -0.88
Spearman Rank Test -0.58
Price Variance 2.17
Lagged Price Variance 1.6

Agilent Technologies lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Agilent Technologies regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Agilent Technologies Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - A

Agilent Technologies Investor Sentiment
Most of Macroaxis users are presently bullish on Agilent Technologies. What is your sentiment towards investing in Agilent Technologies? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Agilent Technologies and Curtiss Wright. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also Agilent Technologies Hype Analysis, Agilent Technologies Correlation, Agilent Technologies Valuation, Agilent Technologies Volatility as well as analyze Agilent Technologies Alpha and Beta and Agilent Technologies Performance. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.