Apple Backtesting

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

May 28, 2017
No Change 0.00  0.0%
In 30 days
June 27, 2017
If you would invest  0.00  in Apple on May 28, 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, and Facebook. 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 to be not too risky. Apple Inc secures Sharpe Ratio (or Efficiency) of -0.1749 which signifies that Apple Inc had -0.1749% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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. Apple Inc exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Apple Inc Risk Adjusted Performance of (0.04) and Mean Deviation of 0.9129 to double-check risk estimate we provide. Macroaxis gives Apple performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.7663 which signifies that as returns on market increase, returns on owning Apple are expected to decrease at a much smaller rate. During bear market, Apple is likely to outperform the market.. Even though it is essential to pay attention to Apple Inc historical returns, it is always good to be careful when utilizing equity current trading patterns. Macroaxis philosophy towards 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. Apple Inc exposes twenty-eight different technical indicators which can help you to evaluate its performance. Apple Inc has expected return of -0.2403%. Please be advised to confirm Apple Inc Sortino Ratio, Skewness, Price Action Indicator, as well as the relationship between Potential Upside and Rate Of Daily Change to decide if Apple Inc past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.35) 

Poor reverse predictability

Apple Inc has poor reverse predictability. Overlapping area represents the amount of predictability between Apple time series from May 28, 2017 to June 12, 2017 and June 12, 2017 to June 27, 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 -0.35 indicates that nearly 35.0% 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 -0.35
Spearman Rank Test 0.32
Price Variance 1.46
Lagged Price Variance 9.39

Apple Lagged Returns

 Regressed Prices 

Apple Performance vs DOW

The median price of Apple for the period between Sun, May 28, 2017 and Tue, Jun 27, 2017 is 148.98 with a coefficient of variation of 3.02. The daily time series for the period is distributed with a sample standard deviation of 4.51, arithmetic mean of 149.5, and mean deviation of 4.21. The Stock received some media coverage during the period.
Price Growth (%)  
Sale by Luca Maestri of 300 shares of Apple06/22/2017