Apple Backtesting

AAPL -- USA Stock  

Trending

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.
Horizon     30 Days    Login   to change
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Backtest

Apple 'What if' Analysis

September 9, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
December 8, 2019
0.00
If you would invest  0.00  in Apple on September 9, 2019 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 90 days. Apple is related to or competes with Hamilton Beach, LG Display, Emerson Radio, Mohawk Group, GoPro, Turtle Beach, and IRobot. Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories world...

Apple Upside/Downside Indicators

Downside Deviation1.17
Information Ratio0.2356
Maximum Drawdown5.69
Value At Risk(1.95)
Potential Upside2.66

Apple Market Premium Indicators

Risk Adjusted Performance0.1826
Jensen Alpha0.3378
Total Risk Alpha0.2283
Sortino Ratio0.2542
Treynor Ratio1.03

Apple Backtested Returns

Macroaxis considers Apple very steady given 3 months investment horizon. Apple secures Sharpe Ratio (or Efficiency) of 0.2883 which signifies that the organization had 0.2883% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Apple which you can use to evaluate future volatility of the firm. Please makes use of Apple Risk Adjusted Performance of 0.1826, Downside Deviation of 1.17 and Mean Deviation of 0.9835 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Apple holds performance score of 19. The firm shows Beta (market volatility) of 0.3498 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 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 technical indicators you can presently evaluate if the expected return of 0.3634% will be sustainable into the future. Please makes use of Apple Jensen Alpha as well as the relationship between Potential Upside and Skewness to make a quick decision on weather Apple price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.61 
correlation synergy

Good predictability

Apple has good predictability. Overlapping area represents the amount of predictability between Apple time series from September 9, 2019 to October 24, 2019 and October 24, 2019 to December 8, 2019. 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 0.61 indicates that roughly 61.0% of current Apple price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.62
Residual Average0.0
Price Variance60.02

Apple lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Apple regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Apple Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - AAPL

Apple Investor Sentiment

Majority of Macroaxis users are presently bullish on Apple. What is your sentiment towards investing in Apple? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Apple Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Apple and Hamilton Beach Brands. 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
Run Pair Correlation  
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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