SP Plus Backtesting

SP -- USA Stock  

USD 37.00  0.25  0.68%

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

SP Plus 'What if' Analysis

June 20, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 20, 2018
0.00
If you would invest  0.00  in SP Plus on June 20, 2018 and sell it all today you would earn a total of 0.00 from holding SP Plus Corporation or generate 0.0% return on investment in SP Plus over 30 days. SP Plus is related to or competes with TAL Education, Bright Horizons, Weight Watchers, HR Block, UniFirst, Laureate Education, and MONRO MUFFLER. SP Plus Corporation provides parking management, ground transportation, and other ancillary services to commercial, inst...

SP Plus Upside/Downside Indicators

Information Ratio0.36
Maximum Drawdown3.76
Value At Risk1.87
Potential Upside1.18
  

SP Plus Market Premium Indicators

Risk Adjusted Performance0.12
Jensen Alpha0.26
Total Risk Alpha0.50
Treynor Ratio1.76

SP Plus Backtested Returns

Macroaxis considers SP Plus to be not too risky. SP Plus retains Efficiency (Sharpe Ratio) of -0.2349 which indicates SP Plus had -0.2349% of return per unit of price deviation over the last 1 month. Macroaxis approach towards measuring 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. SP Plus exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SP Plus Corporation Mean Deviation of 0.8922 and Risk Adjusted Performance of 0.12 to confirm risk estimate we provide. Macroaxis gives SP Plus performance score of 0 on a scale of 0 to 100. The entity owns Beta (Systematic Risk) of 0.135 which indicates as returns on market increase, SP Plus returns are expected to increase less than the market. However during bear market, the loss on holding SP Plus will be expected to be smaller as well.. Even though it is essential to pay attention to SP Plus existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis approach towards measuring 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. SP Plus exposes twenty-one different technical indicators which can help you to evaluate its performance. SP Plus has expected return of -0.2509%. Please be advised to validate SP Plus Corporation Standard Deviation as well as the relationship between Value At Risk and Kurtosis to decide if SP Plus past performance will be repeated at some future date.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.88 

Very good predictability

SP Plus Corporation has very good predictability. Overlapping area represents the amount of predictability between SP Plus time series from June 20, 2018 to July 5, 2018 and July 5, 2018 to July 20, 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 SP Plus price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current SP Plus price fluctuation can be explain by its past prices.
Correlation Coefficient 0.88
Spearman Rank Test 0.67
Price Variance 0.31
Lagged Price Variance 0.58

SP Plus lagged returns against current returns

 Current and Lagged Values 
      Timeline 

SP Plus regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

SP Plus Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - SP

SP Plus Investor Sentiment
Larger part of Macroaxis users are at this time bullish on SP Plus Corporation. What is your outlook on investing in SP Plus Corporation? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Also please take a look at SP Plus Hype Analysis, SP Plus Correlation, SP Plus Valuation, SP Plus Volatility as well as analyze SP Plus Alpha and Beta and SP Plus Performance. Please also try CEO Directory module to screen ceos from public companies around the world.
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