Las Vegas Backtesting

Las Vegas Sands Corp -- USA Stock  

USD 70.55  0.05  0.0709%

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
Investment Horizon     30 Days    Login   to change

Las Vegas 'What if' Analysis

November 17, 2017
No Change 0.00  0.0%
In 31 days
December 17, 2017
If you would invest  0.00  in Las Vegas on November 17, 2017 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 Hyatt Hotels, Expedia, Wynn Resorts, Carnival, Hilton Worldwide, and Host Hotels. It owns and operates The Venetian Macao Resort Hotel Sands Cotai Central the Four Seasons Hotel Macao Cotai Strip the Pl...

Las Vegas Upside/Downside Indicators


Las Vegas Market Premium Indicators

Las Vegas Sands lagged returns against current returns

 Current and Lagged Values 

Las Vegas regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Las Vegas Sands Backtested Returns

Macroaxis considers Las Vegas not too risky given 1 month investment horizon. Las Vegas Sands has Sharpe Ratio of 0.3074 which conveys that Las Vegas Sands had 0.3074% of return per unit of risk over the last 1 month. Our philosophy towards estimating 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-one technical indicators for Las Vegas which you can use to evaluate future volatility of the firm. Please exercise Las Vegas Sands Corp Downside Deviation of 0.7302, Mean Deviation of 0.7596 and Risk Adjusted Performance of 0.1515 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Las Vegas holds performance score of 20. The company secures Beta (Market Risk) of 1.0817 which conveys that Las Vegas returns are very sensitive to returns on the market. as market goes up or down, Las Vegas is expected to follow.. Although it is vital to follow to Las Vegas Sands price patterns, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns. The philosophy towards estimating 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 Las Vegas Sands technical indicators you can presently evaluate if the expected return of 0.2969% will be sustainable into the future. Please exercises Las Vegas Sands Corp Information Ratio and Downside Variance to make a quick decision on weather Las Vegas Sands current price movements will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.35 

Below average predictability

Las Vegas Sands Corp has below average predictability. Overlapping area represents the amount of predictability between Las Vegas time series from November 17, 2017 to December 2, 2017 and December 2, 2017 to December 17, 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 Las Vegas Sands price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Las Vegas price fluctuation can be explain by its past prices.
Correlation Coefficient 0.35
Spearman Rank Test 0.3
Price Variance 0.45
Lagged Price Variance 0.88

Las Vegas Lagged Returns

 Regressed Prices 

Las Vegas Performance vs DOW

The median price of Las Vegas for the period between Fri, Nov 17, 2017 and Sun, Dec 17, 2017 is 69.29 with a coefficient of variation of 2.2. The daily time series for the period is distributed with a sample standard deviation of 1.52, arithmetic mean of 68.79, and mean deviation of 1.33. The Stock received some media coverage during the period.
Price Growth (%)  
Investor Interest Amplifies Stock EV For Las Vegas Sands Cor...12/15/2017