Visa Backtesting

V -- USA Stock  

USD 135.09  2.45  1.78%

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

Visa 'What if' Analysis

October 18, 2018
0.00
No Change 0.00  0.0%
In 2 months and 1 day
December 17, 2018
0.00
If you would invest  0.00  in Visa on October 18, 2018 and sell it all today you would earn a total of 0.00 from holding Visa or generate 0.0% return on investment in Visa over 60 days. Visa is related to or competes with Genpact, Broadridge Financial, Bazaarvoice, Verisk Analytics, Euronet Worldwide, and ExlService Holdings. Visa Inc. operates as a payments technology company worldwide

Visa Upside/Downside Indicators

Information Ratio0.0434
Maximum Drawdown9.05
Value At Risk(3.49)
Potential Upside3.83
  

Visa Market Premium Indicators

Risk Adjusted Performance(0.004448)
Jensen Alpha0.0482
Total Risk Alpha0.167
Treynor Ratio(0.038299)

Visa Backtested Returns

Macroaxis considers Visa to be not too risky. Visa owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0249 which indicates Visa had -0.0249% of return per unit of risk over the last 2 months. Macroaxis philosophy 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. Visa exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Visa Coefficient Of Variation of (15,353) and Risk Adjusted Performance of (0.004448) to confirm risk estimate we provide. Macroaxis gives Visa performance score of 0 on a scale of 0 to 100. The entity has beta of 0.6215 which indicates as returns on market increase, Visa returns are expected to increase less than the market. However during bear market, the loss on holding Visa will be expected to be smaller as well.. Even though it is essential to pay attention to Visa current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy 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. Visa exposes twenty-one different technical indicators which can help you to evaluate its performance. Visa has expected return of -0.0518%. Please be advised to validate Visa Value At Risk as well as the relationship between Semi Variance and Kurtosis to decide if Visa past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.06) 
correlation synergy

Very weak reverse predictability

Visa has very weak reverse predictability. Overlapping area represents the amount of predictability between Visa time series from October 18, 2018 to November 17, 2018 and November 17, 2018 to December 17, 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 Visa price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Visa price fluctuation can be explain by its past prices. Given that Visa has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Visa for similar time interval.
Correlation Coefficient-0.06
Spearman Rank Test0.04
Residual Average0.0
Price Variance9.35

Visa lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Visa regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Visa Lagged Returns

 Regressed Prices 
      Timeline 

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Also please take a look at Visa Hype Analysis, Visa Correlation, Visa Valuation, Visa Volatility as well as analyze Visa Alpha and Beta and Visa Performance. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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