Edwards Lifesciences Backtesting

EW -- USA Stock  

USD 149.81  0.61  0.41%

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

Edwards Lifesciences 'What if' Analysis

June 19, 2018
0.00
No Change 0.00  0.0%
In 30 days
July 19, 2018
0.00
If you would invest  0.00  in Edwards Lifesciences on June 19, 2018 and sell it all today you would earn a total of 0.00 from holding Edwards Lifesciences Corporation or generate 0.0% return on investment in Edwards Lifesciences over 30 days. Edwards Lifesciences is related to or competes with Digirad, Dynatronics, Encision, EDAP TMS, Electromed, and ESCALON MED. Edwards Lifesciences Corporation provides products and technologies to treat structural heart disease and critically ill...

Edwards Lifesciences Upside/Downside Indicators

Information Ratio0.17
Maximum Drawdown4.09
Value At Risk1.88
Potential Upside1.72
  

Edwards Lifesciences Market Premium Indicators

Risk Adjusted Performance0.040409
Jensen Alpha0.09
Total Risk Alpha0.32
Treynor Ratio0.8159

Edwards Lifesciences Backtested Returns

Macroaxis considers Edwards Lifesciences to be not too risky. Edwards Lifesciences secures Sharpe Ratio (or Efficiency) of -0.0858 which denotes Edwards Lifesciences had -0.0858% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting 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. Edwards Lifesciences Corporation exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Edwards Lifesciences Coefficient Of Variation of 1,355 and Mean Deviation of 0.9183 to check risk estimate we provide. Macroaxis gives Edwards Lifesciences performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.1245 which denotes to the fact that as returns on market increase, returns on owning Edwards Lifesciences are expected to decrease at a much smaller rate. During bear market, Edwards Lifesciences is likely to outperform the market.. Even though it is essential to pay attention to Edwards Lifesciences historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting 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. Edwards Lifesciences Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Edwards Lifesciences has expected return of -0.1061%. Please be advised to confirm Edwards Lifesciences Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if Edwards Lifesciences past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.59) 

Good reverse predictability

Edwards Lifesciences Corporation has good reverse predictability. Overlapping area represents the amount of predictability between Edwards Lifesciences time series from June 19, 2018 to July 4, 2018 and July 4, 2018 to July 19, 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 Edwards Lifesciences price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Edwards Lifesciences price fluctuation can be explain by its past prices. Given that Edwards Lifesciences Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Edwards Lifesciences for similar time interval.
Correlation Coefficient -0.59
Spearman Rank Test -0.77
Price Variance 2.21
Lagged Price Variance 11.55

Edwards Lifesciences lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Edwards Lifesciences regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Edwards Lifesciences Lagged Returns

 Regressed Prices 
      Timeline 

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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Edwards Lifesciences and Digirad. 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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Additionally see Edwards Lifesciences Hype Analysis, Edwards Lifesciences Correlation, Edwards Lifesciences Valuation, Edwards Lifesciences Volatility as well as analyze Edwards Lifesciences Alpha and Beta and Edwards Lifesciences Performance. Please also try Portfolio Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.