ATT Backtesting

T -- USA Stock  

USD 33.44  0.34  1.01%

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

ATT 'What if' Analysis

August 24, 2018
0.00
No Change 0.00  0.0%
In 30 days
September 23, 2018
0.00
If you would invest  0.00  in ATT on August 24, 2018 and sell it all today you would earn a total of 0.00 from holding ATT or generate 0.0% return on investment in ATT over 30 days. ATT is related to or competes with Verizon Communications, Telephone, Zayo Group, Level 3, Liberty Broadband, and SBA Communications. ATT Inc. provides communications and digital entertainment services

ATT Upside/Downside Indicators

Downside Deviation0.6975
Information Ratio0.0049
Maximum Drawdown3.04
Value At Risk0.84
Potential Upside1.02
  

ATT Market Premium Indicators

Risk Adjusted Performance0.1125
Jensen Alpha0.157
Total Risk Alpha0.11
Sortino Ratio0.0053
Treynor Ratio2.2

ATT Backtested Returns

We consider ATT not too risky. ATT secures Sharpe Ratio (or Efficiency) of 0.2096 which signifies that ATT had 0.2096% of return per unit of risk over the last 1 month. Our philosophy in foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for ATT which you can use to evaluate future volatility of the firm. Please confirm ATT Mean Deviation of 0.5385 and Risk Adjusted Performance of 0.1125 to double-check if risk estimate we provide are consistent with the epected return of 0.1605%. ATT has performance score of 13 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0771 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.. Although it is extremely important to respect ATT historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing 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 ATT technical indicators you can now evaluate if the expected return of 0.1605% will be sustainable into the future. ATT currently shows a risk of 0.7659%. Please confirm ATT Jensen Alpha and Semi Variance to decide if ATT will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.74) 

Almost perfect reverse predictability

ATT has almost perfect reverse predictability. Overlapping area represents the amount of predictability between ATT time series from August 24, 2018 to September 8, 2018 and September 8, 2018 to September 23, 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 price movement. The serial correlation of -0.74 indicates that around 74.0% of current ATT price fluctuation can be explain by its past prices. Given that ATT has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ATT for similar time interval.
Correlation Coefficient-0.74
Spearman Rank Test-0.47
Residual Average0.0
Price Variance0.19

ATT lagged returns against current returns

 Current and Lagged Values 
      Timeline 

ATT regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

ATT Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - T

ATT Investor Sentiment

Most of Macroaxis users are at this time bullish on ATT. What is your sentiment towards investing in ATT? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Also please take a look at ATT Hype Analysis, ATT Correlation, ATT Valuation, ATT Volatility as well as analyze ATT Alpha and Beta and ATT Performance. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.
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