American Airlines Backtesting

AAL -- USA Stock  

USD 37.82  1.07  2.91%

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

American Airlines 'What if' Analysis

October 19, 2018
No Change 0.00  0.0%
In 31 days
November 18, 2018
If you would invest  0.00  in American Airlines on October 19, 2018 and sell it all today you would earn a total of 0.00 from holding American Airlines Group or generate 0.0% return on investment in American Airlines over 30 days. American Airlines is related to or competes with Hawaiian Holdings, Alaska Air, Avianca Holdings, China Eastern, Copa Holdings, and Delta Air. American Airlines Group Inc., through its subsidiaries, operates as a network air carrier

American Airlines Upside/Downside Indicators

Downside Deviation2.93
Information Ratio0.2134
Maximum Drawdown8.43
Value At Risk4.50
Potential Upside6.32

American Airlines Market Premium Indicators

Risk Adjusted Performance0.24
Jensen Alpha0.704
Total Risk Alpha0.7722
Sortino Ratio0.2234
Treynor Ratio0.3544

American Airlines Group Backtested Returns

Macroaxis considers American Airlines not too volatile given 1 month investment horizon. American Airlines Group secures Sharpe Ratio (or Efficiency) of 0.2308 which signifies that American Airlines Group had 0.2308% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By analyzing American Airlines Group technical indicators you can presently evaluate if the expected return of 0.6985% is justified by implied risk. Please makes use of American Airlines Group Mean Deviation of 2.14 and Risk Adjusted Performance of 0.24 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 American Airlines holds performance score of 15. The firm shows Beta (market volatility) of 1.631 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, American Airlines will likely underperform.. Although it is vital to follow to American Airlines Group historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy in 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. We have found twenty-one technical indicators for American Airlines Group which you can use to evaluate performance of the firm. Please makes use of American Airlines Group Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to make a quick decision on weather American Airlines price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.41 
correlation synergy

Average predictability

American Airlines Group has average predictability. Overlapping area represents the amount of predictability between American Airlines time series from October 19, 2018 to November 3, 2018 and November 3, 2018 to November 18, 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 American Airlines Group price movement. The serial correlation of 0.41 indicates that just about 41.0% of current American Airlines price fluctuation can be explain by its past prices.
Correlation Coefficient0.41
Spearman Rank Test0.64
Residual Average0.0
Price Variance0.79

American Airlines Group lagged returns against current returns

 Current and Lagged Values 

American Airlines regressed lagged prices vs. current prices

 Current vs Lagged Prices 

American Airlines Lagged Returns

 Regressed Prices 

Current Sentiment - AAL

American Airlines Group Investor Sentiment

Predominant part of Macroaxis users are presently bullish on American Airlines Group. What is your sentiment towards investing in American Airlines Group? Are you bullish or bearish?
98% Bullish
2% Bearish

American Airlines Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for American Airlines and Hawaiian Holdings. 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 American Airlines Hype Analysis, American Airlines Correlation, American Airlines Valuation, American Airlines Volatility as well as analyze American Airlines Alpha and Beta and American Airlines Performance. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.