Apple Backtesting

AAPL -- USA Stock  

USD 187.16  0.47  0.25%

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

Apple 'What if' Analysis

April 22, 2018
No Change 0.00  0.0%
In 31 days
May 22, 2018
If you would invest  0.00  in Apple on April 22, 2018 and sell it all today you would earn a total of 0.00 from holding Apple or generate 0.0% return on investment in Apple over 30 days. Apple is related to or competes with HP, Broadridge Financial, , Facebook, Gartner, and . Apple Inc. designs, manufactures, and markets mobile communication and media devices, and personal computers to consumer...

Apple Upside/Downside Indicators

Downside Deviation0.8706
Information Ratio0.3906
Maximum Drawdown5.33
Value At Risk1.16
Potential Upside3.92

Apple Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.6675

Apple Backtested Returns

Macroaxis considers Apple not too risky given 1 month investment horizon. Apple secures Sharpe Ratio (or Efficiency) of 0.3989 which signifies that Apple had 0.3989% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By analyzing Apple technical indicators you can presently evaluate if the expected return of 0.5915% is justified by implied risk. Please makes use of Apple Coefficient Of Variation of 256.0, Risk Adjusted Performance of 0.01 and Mean Deviation of 1.07 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Apple holds performance score of 26. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Apple are completely uncorrelated. Although it is vital to follow to Apple historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards 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-seven technical indicators for Apple which you can use to evaluate performance of the firm. Please makes use of Apple Downside Variance, and the relationship between Treynor Ratio and Kurtosis to make a quick decision on weather Apple price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.13) 

Insignificant reverse predictability

Apple has insignificant reverse predictability. Overlapping area represents the amount of predictability between Apple time series from April 22, 2018 to May 7, 2018 and May 7, 2018 to May 22, 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 Apple price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Apple price fluctuation can be explain by its past prices. Given that Apple has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Apple for similar time interval.
Correlation Coefficient -0.13
Spearman Rank Test -0.1
Price Variance 1.7
Lagged Price Variance 67.07

Apple lagged returns against current returns

 Current and Lagged Values 

Apple regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Apple Lagged Returns

 Regressed Prices 

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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Amphenol and Anixter International. 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 Apple Hype Analysis, Apple Correlation, Apple Valuation, Apple Volatility as well as analyze Apple Alpha and Beta and Apple Performance. Please also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.