ATT Inc Backtested Returns
Macroaxis considers ATT to be not too risky. ATT Inc
secures Sharpe Ratio (or Efficiency) of -0.2167 which signifies that ATT Inc
had -0.2167% of return per unit of risk over the last 1 month. Macroaxis philosophy in foreseeing 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
. ATT Inc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ATT Inc Mean Deviation
of 0.8479 and Risk Adjusted Performance
of (0.054489) to double-check risk estimate we provide. Macroaxis gives ATT performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.3064 which signifies that as returns on market increase, ATT returns are expected to increase less than the market. However during bear market, the loss on holding ATT will be expected to be smaller as well.. Even though it is essential to pay attention to ATT Inc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing 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. ATT Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. ATT Inc has expected return of -0.2256%. Please be advised to confirm ATT Inc Jensen Alpha and Semi Variance to decide if ATT Inc past performance will be repeated at future time.
|15 days auto-correlation|| 0.17 |
Very weak predictability
ATT Inc has very weak predictability. Overlapping area represents the amount of predictability between ATT time series from December 21, 2017 to January 5, 2018 and January 5, 2018 to January 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 ATT Inc price movement. The serial correlation of 0.17 indicates that over 17.0% of current ATT price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.17|
|Spearman Rank Test|| 0.22|
|Price Variance|| 0.34|
|Lagged Price Variance|| 0.24|
ATT Lagged Returns