ATX (Austria) Backtesting

ATX -- Austria Index  

 2,967  42.29  1.41%

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

ATX 'What if' Analysis

March 25, 2019
No Change 0.00  0.0%
In 2 months and 1 day
May 24, 2019
If you would invest  0.00  in ATX on March 25, 2019 and sell it all today you would earn a total of 0.00 from holding ATX or generate 0.0% return on investment in ATX over 60 days.

ATX Upside/Downside Indicators

Information Ratio(0.018563)
Maximum Drawdown4.34
Value At Risk(1.30)
Potential Upside1.4

ATX Market Premium Indicators

Risk Adjusted Performance(0.007751)
Total Risk Alpha(0.014283)

ATX Backtested Returns

ATX secures Sharpe Ratio (or Efficiency) of 0.0187 which signifies that the index had 0.0187% of return per unit of volatility over the last 2 months. Our approach towards foreseeing volatility of an index is to use all available market data together with index specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for ATX which you can use to evaluate future volatility of the entity. The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and ATX are completely uncorrelated. Although it is extremely important to respect ATX historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach towards foreseeing future performance of any index is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing ATX technical indicators you can now evaluate if the expected return of 0.0189% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.85) 
correlation synergy

Excellent reverse predictability

ATX has excellent reverse predictability. Overlapping area represents the amount of predictability between ATX time series from March 25, 2019 to April 24, 2019 and April 24, 2019 to May 24, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ATX price movement. The serial correlation of -0.85 indicates that around 85.0% of current ATX price fluctuation can be explain by its past prices. Given that ATX has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ATX for similar time interval.
Correlation Coefficient-0.85
Spearman Rank Test-0.88
Residual Average0.0
Price Variance6700.76

ATX lagged returns against current returns

 Current and Lagged Values 

ATX regressed lagged prices vs. current prices

 Current vs Lagged Prices 

ATX Lagged Returns

 Regressed Prices 

Current Sentiment - ATX

ATX Investor Sentiment

Most of Macroaxis investors are at this time bullish on ATX. What is your sentiment towards investing in Austria companies? Are you bullish or bearish on ATX?
98% Bullish
2% Bearish

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See also ATX Hype Analysis, ATX Correlation, Portfolio Optimization, ATX Volatility as well as analyze ATX Alpha and Beta and ATX Performance. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.