American Airlines Backtesting

With this equity back-testing module your can estimate the performance of a buy and hold strategy of American Airlines Group Inc 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
Investment Horizon     30 Days    Login   to change

American Airlines 'What if' Analysis

May 24, 2017
No Change 0.00  0.0%
In 30 days
June 23, 2017
If you would invest  0.00  in American Airlines on May 24, 2017 and sell it all today you would earn a total of 0.00 from holding American Airlines Group Inc or generate 0.0% return on investment in American Airlines over 30 days. American Airlines is related to or competes with Hawaiian Holdings, JetBlue Airways, Alaska Air, Delta Air, and Southwest Airlines. As of December 31 2015 American Airlines Group Inc operated a mainline fleet of 946 aircraft

American Airlines Upside/Downside Indicators


American Airlines Market Premium Indicators

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 Group Backtested Returns

Macroaxis considers American Airlines not too risky given 1 month investment horizon. American Airlines Group secures Sharpe Ratio (or Efficiency) of 0.1494 which signifies that American Airlines Group had 0.1494% 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 company specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for American Airlines Group Inc which you can use to evaluate future volatility of the firm. Please makes use of American Airlines Group Mean Deviation of 1.13 and Risk Adjusted Performance of 0.0533 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 10. The firm shows Beta (market volatility) of -1.3676 which signifies that as returns on market increase, returns on owning American Airlines are expected to decrease by larger amounts. On the other hand, during market turmoil, American Airlines is expected to significantly outperform it.. Although it is extremely important to respect American Airlines Group historical returns, it is beter to be realistic about what you can do with the information about equity current trading 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. By analyzing American Airlines Group technical indicators you can presently evaluate if the expected return of 0.2195% will be sustainable into the future. Please makes use of American Airlines Group Treynor Ratio, Expected Short fall and the relationship between Jensen Alpha 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(0.76) 

Almost perfect reverse predictability

American Airlines Group Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between American Airlines time series from May 24, 2017 to June 8, 2017 and June 8, 2017 to June 23, 2017. 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 -0.76 indicates that around 76.0% of current American Airlines price fluctuation can be explain by its past prices. Given that American Airlines Group Inc 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 -0.76
Spearman Rank Test -0.68
Price Variance 0.77
Lagged Price Variance 1.65

American Airlines Lagged Returns

 Regressed Prices 

American Airlines Performance vs DOW

The median price of American Airlines for the period between Wed, May 24, 2017 and Fri, Jun 23, 2017 is 49.11 with a coefficient of variation of 2.34. The daily time series for the period is distributed with a sample standard deviation of 1.15, arithmetic mean of 49.02, and mean deviation of 0.86. The Stock received some media coverage during the period.
Price Growth (%)  
Acquisition by Martin Nesbitt of 3037 shares of American Air...06/15/2017