NantKwest Backtesting

NK -- USA Stock  

USD 3.18  0.16  5.30%

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

NantKwest 'What if' Analysis

June 19, 2018
No Change 0.00  0.0%
In 31 days
July 19, 2018
If you would invest  0.00  in NantKwest on June 19, 2018 and sell it all today you would earn a total of 0.00 from holding NantKwest or generate 0.0% return on investment in NantKwest over 30 days. NantKwest is related to or competes with China Cord, DelMar Pharmaceuticals, Denali Therapeutics, Dova Pharmaceuticals, Dicerna Pharmaceuticals, and DYNAVAX TECHNOLOG. NantKwest, Inc., a clinical-stage immunotherapy biotechnology company, develops immunotherapeutic treatments for cancer,...

NantKwest Upside/Downside Indicators

Downside Deviation3.59
Information Ratio0.03137
Maximum Drawdown9.87
Value At Risk6.21
Potential Upside3.66

NantKwest Market Premium Indicators

Risk Adjusted Performance0.01
Jensen Alpha0.0038
Total Risk Alpha0.58
Sortino Ratio0.029507
Treynor Ratio0.00042526

NantKwest Backtested Returns

Macroaxis considers NantKwest moderately volatile given 1 month investment horizon. NantKwest has Sharpe Ratio of 0.1348 which conveys that NantKwest had 0.1348% 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-eight technical indicators for NantKwest which you can use to evaluate future volatility of the firm. Please exercise NantKwest Downside Deviation of 3.59, Mean Deviation of 2.51 and Risk Adjusted Performance of 0.01 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 NantKwest holds performance score of 8. The company secures Beta (Market Risk) of -0.0357 which conveys that as returns on market increase, returns on owning NantKwest are expected to decrease at a much smaller rate. During bear market, NantKwest is likely to outperform the market.. Although it is vital to follow to NantKwest 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 NantKwest technical indicators you can presently evaluate if the expected return of 0.3826% will be sustainable into the future. Please exercises NantKwest Maximum Drawdown as well as the relationship between Expected Short fall and Rate Of Daily Change to make a quick decision on weather NantKwest current price movements will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.50 

Modest predictability

NantKwest has modest predictability. Overlapping area represents the amount of predictability between NantKwest 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 NantKwest price movement. The serial correlation of 0.5 indicates that about 50.0% of current NantKwest price fluctuation can be explain by its past prices.
Correlation Coefficient 0.5
Spearman Rank Test 0.58
Price Variance 0.01
Lagged Price Variance 0.01

NantKwest lagged returns against current returns

 Current and Lagged Values 

NantKwest regressed lagged prices vs. current prices

 Current vs Lagged Prices 

NantKwest Lagged Returns

 Regressed Prices 

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Please see also NantKwest Hype Analysis, NantKwest Correlation, NantKwest Valuation, NantKwest Volatility as well as analyze NantKwest Alpha and Beta and NantKwest Performance. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.