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

July 25, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
October 23, 2019
0.00
If you would invest  0.00  in Altaba on July 25, 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 BlackRock, Ameriprise Financial, Brookfield Asset, Northern Trust, KKR Co, Bank of New York, and Northern Trust. Altaba Inc. operates as a non-diversified, closed-end management investment company in the United States

Altaba Upside/Downside Indicators

Information Ratio(0.12)
Maximum Drawdown73.12
Value At Risk(0.65)
Potential Upside0.652

Altaba Market Premium Indicators

Risk Adjusted Performance(0.11)
Jensen Alpha(1.08)
Total Risk Alpha(0.84)
Treynor Ratio(2.71)

Altaba Backtested Returns

Macroaxis considers Altaba to be slightly risky. Altaba secures Sharpe Ratio (or Efficiency) of -0.127 which signifies that the organization had -0.127% 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 (0.11) to double-check risk estimate we provide. The firm shows Beta (market volatility) of 0.4017 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. 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 -1.179%. 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 0.62 
correlation synergy

Good predictability

Altaba has good predictability. Overlapping area represents the amount of predictability between Altaba time series from July 25, 2019 to September 8, 2019 and September 8, 2019 to October 23, 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 0.62 indicates that roughly 62.0% of current Altaba price fluctuation can be explain by its past prices.
Correlation Coefficient0.62
Spearman Rank Test0.5
Residual Average0.0
Price Variance595.27

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 

Current Sentiment - AABA

Altaba Investor Sentiment

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

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Altaba and BlackRock. 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 Altaba Hype Analysis, Altaba Correlation, Altaba Valuation, Altaba Volatility as well as analyze Altaba Alpha and Beta and Altaba Performance. Please also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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