American Airlines Backtesting

American Airlines Group -- USA Stock  

USD 45.25  0.44  0.96%

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
SymbolX
Backtest

American Airlines 'What if' Analysis

February 24, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 25, 2018
0.00
If you would invest  0.00  in American Airlines on February 24, 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 60 days. American Airlines is related to or competes with Hawaiian Holdings, Alaska Air, Delta Air, Southwest Airlines, United Continental, and JETBLUE AIRWAYS. American Airlines Group Inc., through its subsidiaries, operates as a network air carrier

American Airlines Upside/Downside Indicators

Information Ratio0.15
Maximum Drawdown8.13
Value At Risk4.20
Potential Upside3.02
  

American Airlines Market Premium Indicators

Risk Adjusted Performance0.27
Jensen Alpha0.34
Total Risk Alpha0.31
Treynor Ratio2.49

American Airlines Group Backtested Returns

Macroaxis considers American Airlines to be not too volatile. American Airlines Group secures Sharpe Ratio (or Efficiency) of -0.2173 which signifies that American Airlines Group had -0.2173% of return per unit of standard deviation over the last 2 months. 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 1.62 and Risk Adjusted Performance of 0.27 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 0.1394 which signifies that as returns on market increase, American Airlines returns are expected to increase less than the market. However during bear market, the loss on holding American Airlines will be expected to be smaller as well.. 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 -0.4431%. 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(0.07) 

Very weak reverse predictability

American Airlines Group has very weak reverse predictability. Overlapping area represents the amount of predictability between American Airlines time series from February 24, 2018 to March 26, 2018 and March 26, 2018 to April 25, 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 -0.07 indicates that barely 7.0% 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 -0.07
Spearman Rank Test -0.1
Price Variance 5.98
Lagged Price Variance 1.95

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 

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?
Bullish
Bearish
98% Bullish
2% Bearish
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Diversify in USA Market
The main assumption in equity investing is that a higher degree of volatility (or risk) means a higher potential (or expected) return on investment. Conversely, investors who take on a low degree of risk have a low expection for return.
Diversify Portfolios
You can create optimal portfolios in USA market or optimize your existing portfolio in one of two ways: 1) For any level of risk, select the one which has the highest expected return. 2) For any expected return, select the one which has the lowest volatility.
Diversify Portfolios
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.