Altaba Backtesting

AABA -- USA Stock  

Last Earning Anouncement Date: June 30, 2016  

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Altaba 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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Altaba 'What if' Analysis

August 24, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
November 22, 2019
0.00
If you would invest  0.00  in Altaba on August 24, 2019 and sell it all today you would earn a total of 0.00 from holding Altaba or generate 0.0% return on investment in Altaba over 90 days. Altaba is related to or competes with Bank of New York, T Rowe, BlackRock, 3I Group, KKR Co, Northern Trust, and Apollo Global. Altaba Inc. operates as a non-diversified, closed-end management investment company in the United States

Altaba Upside/Downside Indicators

Information Ratio(0.13)
Maximum Drawdown73.12
Value At Risk(0.33)
Potential Upside0.4113

Altaba Market Premium Indicators

Risk Adjusted Performance(0.08)
Jensen Alpha(0.84)
Total Risk Alpha(2.09)
Treynor Ratio0.3549

Altaba Backtested Returns

Macroaxis considers Altaba to be slightly risky. Altaba secures Sharpe Ratio (or Efficiency) of -0.1303 which signifies that the organization had -0.1303% of return per unit of risk over the last 3 months. 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. Altaba exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Altaba Mean Deviation of 2.16 and Risk Adjusted Performance of (0.08) to double-check risk estimate we provide. The firm shows Beta (market volatility) of -3.0465 which signifies that as returns on market increase, returns on owning Altaba are expected to decrease by larger amounts. On the other hand, during market turmoil, Altaba is expected to significantly outperform it. Even though it is essential to pay attention to Altaba 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. Altaba exposes twenty-one different technical indicators which can help you to evaluate its performance. Altaba has expected return of -1.2741%. Please be advised to confirm Altaba Jensen Alpha, Potential Upside, Skewness, as well as the relationship between Maximum Drawdown and Semi Variance to decide if Altaba past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 
correlation synergy

No correlation between past and present

Altaba has no correlation between past and present. Overlapping area represents the amount of predictability between Altaba time series from August 24, 2019 to October 8, 2019 and October 8, 2019 to November 22, 2019. 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 price movement. The serial correlation of 0.0 indicates that just 0.0% of current Altaba price fluctuation can be explain by its past prices.
Correlation Coefficient0.0
Spearman Rank Test-0.12
Residual Average0.0
Price Variance0.0

Altaba lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Altaba regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Altaba Lagged Returns

 Regressed Prices 
      Timeline 

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Altaba Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Altaba and Bank of New York. 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
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Check also Altaba Hype Analysis, Altaba Correlation, Altaba Valuation, Altaba Volatility as well as analyze Altaba Alpha and Beta and Altaba Performance. Please also try Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.
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