American Airlines Backtesting

AAL -- USA Stock  

USD 37.09  0.30  0.82%

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.
 Time Horizon     30 Days    Login   to change
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Backtest

American Airlines 'What if' Analysis

July 16, 2018
0.00
No Change 0.00  0.0%
In 31 days
August 15, 2018
0.00
If you would invest  0.00  in American Airlines on July 16, 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, Copa Holdings, Delta Air, GOL Linhas, and LIFE TIME. American Airlines Group Inc., through its subsidiaries, operates as a network air carrier

American Airlines Upside/Downside Indicators

Information Ratio0.009812
Maximum Drawdown8.33
Value At Risk1.81
Potential Upside2.65
  

American Airlines Market Premium Indicators

Risk Adjusted Performance0.0052
Jensen Alpha0.019348
Total Risk Alpha0.013499
Treynor Ratio0.0316

American Airlines Group Backtested Returns

Macroaxis considers American Airlines to be not too volatile. American Airlines Group secures Sharpe Ratio (or Efficiency) of -0.0048 which signifies that American Airlines Group had -0.0048% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in 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. American Airlines Group exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm American Airlines Group Mean Deviation of 1.28 and Risk Adjusted Performance of 0.0052 to double-check risk estimate we provide. Macroaxis gives American Airlines performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.588 which signifies that as returns on market increase, returns on owning American Airlines are expected to decrease at a much smaller rate. During bear market, American Airlines is likely to outperform the market.. Even though it is essential to pay attention to American Airlines Group historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in 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. American Airlines Group exposes twenty-one different technical indicators which can help you to evaluate its performance. American Airlines Group has expected return of -0.0082%. Please be advised to confirm American Airlines Group Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to decide if American Airlines Group past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.87) 

Excellent reverse predictability

American Airlines Group has excellent reverse predictability. Overlapping area represents the amount of predictability between American Airlines time series from July 16, 2018 to July 31, 2018 and July 31, 2018 to August 15, 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 -0.87 indicates that approximately 87.0% of current American Airlines price fluctuation can be explain by its past prices. Given that American Airlines Group has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of American Airlines for similar time interval.
Correlation Coefficient -0.87
Spearman Rank Test -0.46
Price Variance 0.55
Lagged Price Variance 0.8

American Airlines Group lagged returns against current returns

 Current and Lagged Values 
      Timeline 

American Airlines regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

American Airlines Lagged Returns

 Regressed Prices 
      Timeline 

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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
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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 Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.