Las Vegas Backtesting

LVS -- USA Stock  

USD 74.67  0.82  1.11%

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

Las Vegas 'What if' Analysis

June 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 21, 2018
0.00
If you would invest  0.00  in Las Vegas on June 21, 2018 and sell it all today you would earn a total of 0.00 from holding Las Vegas Sands Corp or generate 0.0% return on investment in Las Vegas over 30 days. Las Vegas is related to or competes with Bluegreen Vacations, Boyd Gaming, Caesars Entertainment, Eldorado Resorts, Full House, Hilton Grand, and LAS VEGAS. Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the U...

Las Vegas Upside/Downside Indicators

Information Ratio0.24
Maximum Drawdown8.47
Value At Risk4.94
Potential Upside1.79
  

Las Vegas Market Premium Indicators

Risk Adjusted Performance0.09
Jensen Alpha0.17
Total Risk Alpha0.77
Treynor Ratio0.2367

Las Vegas Sands Backtested Returns

Macroaxis considers Las Vegas to be not too volatile. Las Vegas Sands has Sharpe Ratio of -0.1558 which conveys that Las Vegas Sands had -0.1558% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating 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. Las Vegas exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Las Vegas Sands Corp Mean Deviation of 1.35 and Risk Adjusted Performance of 0.09 to check out risk estimate we provide. Macroaxis gives Las Vegas performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -1.4949 which conveys that as returns on market increase, returns on owning Las Vegas are expected to decrease by larger amounts. On the other hand, during market turmoil, Las Vegas is expected to significantly outperform it.. Even though it is essential to pay attention to Las Vegas Sands price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating 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. Las Vegas exposes twenty-one different technical indicators which can help you to evaluate its performance. Las Vegas Sands has expected return of -0.3233%. Please be advised to verify Las Vegas Sands Corp Information Ratio and Downside Variance to decide if Las Vegas Sands past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.79) 

Almost perfect reverse predictability

Las Vegas Sands Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Las Vegas time series from June 21, 2018 to July 6, 2018 and July 6, 2018 to July 21, 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 Las Vegas Sands price movement. The serial correlation of -0.79 indicates that around 79.0% of current Las Vegas price fluctuation can be explain by its past prices. Given that Las Vegas Sands Corp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Las Vegas for similar time interval.
Correlation Coefficient -0.79
Spearman Rank Test -0.59
Price Variance 0.54
Lagged Price Variance 8.71

Las Vegas Sands lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Las Vegas regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Las Vegas Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - LVS

Las Vegas Sands Investor Sentiment
Predominant part of Macroaxis users are now bullish on Las Vegas Sands Corp. What is your trading attitude regarding investing in Las Vegas Sands Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please see also Las Vegas Hype Analysis, Las Vegas Correlation, Las Vegas Valuation, Las Vegas Volatility as well as analyze Las Vegas Alpha and Beta and Las Vegas Performance. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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