Altaba Backtesting

Altaba Inc -- USA Stock  

USD 77.84  2.06  2.58%

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

Altaba 'What if' Analysis

February 17, 2018
No Change 0.00  0.0%
In 31 days
March 19, 2018
If you would invest  0.00  in Altaba on February 17, 2018 and sell it all today you would earn a total of 0.00 from holding Altaba Inc or generate 0.0% return on investment in Altaba over 30 days. Altaba is related to or competes with Digimarc, VASCO Data, Datalink, Dell Technologies, Violin Memory, and Verint Systems. Altaba Inc. operates as a non-diversified, closed-end management investment company in the United States

Altaba Upside/Downside Indicators


Altaba Market Premium Indicators

Altaba Inc lagged returns against current returns

 Current and Lagged Values 

Altaba regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Altaba Inc Backtested Returns

Macroaxis considers Altaba not too risky given 1 month investment horizon. Altaba Inc secures Sharpe Ratio (or Efficiency) of 0.1337 which signifies that Altaba Inc had 0.1337% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Altaba Inc which you can use to evaluate future volatility of the firm. Please makes use of Altaba Inc Downside Deviation of 1.92, Risk Adjusted Performance of 0.1502 and Mean Deviation of 1.38 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Altaba holds performance score of 8. The firm shows Beta (market volatility) of 0.0878 which signifies that as returns on market increase, Altaba returns are expected to increase less than the market. However during bear market, the loss on holding Altaba will be expected to be smaller as well.. Although it is extremely important to respect Altaba Inc historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Altaba Inc technical indicators you can presently evaluate if the expected return of 0.2272% will be sustainable into the future. Please makes use of Altaba Inc Jensen Alpha, Potential Upside, Skewness, as well as the relationship between Maximum Drawdown and Semi Variance to make a quick decision on weather Altaba price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.42) 

Modest reverse predictability

Altaba Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Altaba time series from February 17, 2018 to March 4, 2018 and March 4, 2018 to March 19, 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 Altaba Inc price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Altaba price fluctuation can be explain by its past prices. Given that Altaba Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Altaba for similar time interval.
Correlation Coefficient -0.42
Spearman Rank Test -0.7
Price Variance 3.36
Lagged Price Variance 2.78

Altaba Lagged Returns

 Regressed Prices 

Altaba Performance vs DOW

The median price of Altaba for the period between Sat, Feb 17, 2018 and Mon, Mar 19, 2018 is 75.97 with a coefficient of variation of 2.54. The daily time series for the period is distributed with a sample standard deviation of 1.93, arithmetic mean of 75.96, and mean deviation of 1.53. The Stock received some media coverage during the period.
 Price Growth (%)  
Vanguard Capital Wealth Advisors Invests 657000 in Altaba03/19/2018