500 Backtesting

WBAI -- USA Stock  

USD 11.15  0.34  3.15%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of 500 Limited and determine expected loss or profit from investing in 500 over given investment horizon. See also 500 Hype Analysis, 500 Correlation, 500 Valuation, 500 Volatility as well as analyze 500 Alpha and Beta and 500 Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

500 'What if' Analysis

August 27, 2018
0.00
No Change 0.00  0.0%
In 30 days
September 26, 2018
0.00
If you would invest  0.00  in 500 on August 27, 2018 and sell it all today you would earn a total of 0.00 from holding 500 Limited or generate 0.0% return on investment in 500 over 30 days. 500 is related to or competes with Paddy Power, Stars, International Game, Rank Group, Intralot S, and Esports Entertainment. 500.com Limited, through its subsidiaries, provides online gaming services primarily in the Peoples Republic of China an...

500 Upside/Downside Indicators

Information Ratio0.35
Maximum Drawdown7.61
Value At Risk4.49
Potential Upside2.83
  

500 Market Premium Indicators

Risk Adjusted Performance0.14
Jensen Alpha0.73
Total Risk Alpha0.98
Treynor Ratio2.03

500 Limited Backtested Returns

Macroaxis considers 500 to be not very volatile. 500 Limited retains Efficiency (Sharpe Ratio) of -0.2654 which signifies that 500 Limited had -0.2654% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are 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. 500 exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm 500 Limited Standard Deviation of 2.16, Market Risk Adjusted Performance of 2.02 and Coefficient Of Variation of 308.39 to double-check risk estimate we provide. Macroaxis gives 500 performance score of 0 on a scale of 0 to 100. The corporation owns Beta (Systematic Risk) of 0.3499 which signifies that as returns on market increase, 500 returns are expected to increase less than the market. However during bear market, the loss on holding 500 will be expected to be smaller as well.. Even though it is essential to pay attention to 500 Limited existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are 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. 500 exposes twenty-eight different technical indicators which can help you to evaluate its performance. 500 Limited has expected return of -0.5546%. Please be advised to confirm 500 Limited Sortino Ratio, Semi Variance and the relationship between Information Ratio and Value At Risk to decide if 500 Limited past performance will be repeated sooner or later.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.79 

Good predictability

500 Limited has good predictability. Overlapping area represents the amount of predictability between 500 time series from August 27, 2018 to September 11, 2018 and September 11, 2018 to September 26, 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 500 Limited price movement. The serial correlation of 0.79 indicates that around 79.0% of current 500 price fluctuation can be explain by its past prices.
Correlation Coefficient0.79
Spearman Rank Test0.71
Residual Average0.0
Price Variance0.09

500 Limited lagged returns against current returns

 Current and Lagged Values 
      Timeline 

500 regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

500 Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - WBAI

500 Limited Investor Sentiment

Most of Macroaxis users are at this time bullish on 500 Limited. What is your sentiment towards investing in 500 Limited? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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See also 500 Hype Analysis, 500 Correlation, 500 Valuation, 500 Volatility as well as analyze 500 Alpha and Beta and 500 Performance. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.
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