Apple Backtesting

Apple Inc -- USA Stock  

USD 174.96  1.82  1.05%

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

Apple 'What if' Analysis

October 24, 2017
No Change 0.00  0.0%
In 31 days
November 23, 2017
If you would invest  0.00  in Apple on October 24, 2017 and sell it all today you would earn a total of 0.00 from holding Apple Inc or generate 0.0% return on investment in Apple over 30 days. Apple is related to or competes with HP, Broadridge Financial, CA, Facebook, and Gartner. Apple Inc also sells related software, services, accessories, networking solutions, and thirdparty digital content and a...

Apple Upside/Downside Indicators


Apple Market Premium Indicators

Apple Inc lagged returns against current returns

 Current and Lagged Values 

Apple regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Apple Inc Backtested Returns

Macroaxis considers Apple not too risky given 1 month investment horizon. Apple Inc secures Sharpe Ratio (or Efficiency) of 0.368 which signifies that Apple Inc had 0.368% 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. We have found twenty-eight technical indicators for Apple Inc which you can use to evaluate future volatility of the firm. Please makes use of Apple Inc Downside Deviation of 0.9242, Risk Adjusted Performance of 0.1519 and Mean Deviation of 1.06 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Apple holds performance score of 24. The firm shows Beta (market volatility) of 0.4112 which signifies that as returns on market increase, Apple returns are expected to increase less than the market. However during bear market, the loss on holding Apple will be expected to be smaller as well.. Although it is vital to follow to Apple Inc 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. By analyzing Apple Inc technical indicators you can presently evaluate if the expected return of 0.4772% will be sustainable into the future. Please makes use of Apple Inc Sortino Ratio, Skewness, Price Action Indicator, as well as the relationship between Potential Upside and Rate Of Daily Change to make a quick decision on weather Apple price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.38) 

Poor reverse predictability

Apple Inc has poor reverse predictability. Overlapping area represents the amount of predictability between Apple time series from October 24, 2017 to November 8, 2017 and November 8, 2017 to November 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 Apple Inc price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Apple price fluctuation can be explain by its past prices. Given that Apple Inc 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 -0.38
Spearman Rank Test -0.25
Price Variance 5.76
Lagged Price Variance 46.03

Apple Lagged Returns

 Regressed Prices 

Apple Performance vs DOW

The median price of Apple for the period between Tue, Oct 24, 2017 and Thu, Nov 23, 2017 is 171.1 with a coefficient of variation of 3.58. The daily time series for the period is distributed with a sample standard deviation of 6.06, arithmetic mean of 169.4, and mean deviation of 4.62. The Stock received some media coverage during the period.
November 10, 2017Apple Dividend Paid
Price Growth (%)  
Another motive To buy these stock Square, Inc. , Apple Inc.11/22/2017