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Madrid Gnrl (Spain) Backtesting

SMS
SMSI -- Spain Index  

 989.42  1.34  0.14%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Madrid Gnrl and determine expected loss or profit from investing in Madrid Gnrl over given investment horizon. Check out Madrid Gnrl Hype Analysis, Madrid Gnrl Correlation, Portfolio Optimization, Madrid Gnrl Volatility as well as analyze Madrid Gnrl Alpha and Beta and Madrid Gnrl Performance.
SymbolX
Backtest

Madrid Gnrl 'What if' Analysis

November 19, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
February 17, 2020
0.00
If you would invest  0.00  in Madrid Gnrl on November 19, 2019 and sell it all today you would earn a total of 0.00 from holding Madrid Gnrl or generate 0.0% return on investment in Madrid Gnrl over 90 days.

Madrid Gnrl Upside/Downside Indicators

Downside Deviation0.698
Information Ratio(0.019692)
Maximum Drawdown3.53
Value At Risk(1.21)
Potential Upside1.48

Madrid Gnrl Market Premium Indicators

Risk Adjusted Performance0.0789
Total Risk Alpha(0.014684)
Sortino Ratio(0.021778)

Madrid Gnrl Backtested Returns

Madrid Gnrl has Sharpe Ratio of 0.1484 which conveys that the entity had 0.1484% of return per unit of risk over the last 3 months. Our philosophy towards estimating 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-one technical indicators for Madrid Gnrl which you can use to evaluate future volatility of the organization. The index secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and Madrid Gnrl are completely uncorrelated. Although it is extremely important to respect Madrid Gnrl price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards estimating 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 Madrid Gnrl technical indicators you can presently evaluate if the expected return of 0.1145% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.42 
correlation synergy

Average predictability

Madrid Gnrl has average predictability. Overlapping area represents the amount of predictability between Madrid Gnrl time series from November 19, 2019 to January 3, 2020 and January 3, 2020 to February 17, 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Madrid Gnrl price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Madrid Gnrl price fluctuation can be explain by its past prices.
Correlation Coefficient0.42
Spearman Rank Test0.23
Residual Average0.0
Price Variance269.11

Madrid Gnrl lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Madrid Gnrl regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Madrid Gnrl Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - SMSI

Madrid Gnrl Investor Sentiment

Most of Macroaxis users are at this time bearish on Madrid Gnrl. What is your trading attitude regarding investing in Spain companies? Are you bullish or bearish on Madrid Gnrl?
Bullish
Bearish
3% Bullish
97% Bearish
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Check out Madrid Gnrl Hype Analysis, Madrid Gnrl Correlation, Portfolio Optimization, Madrid Gnrl Volatility as well as analyze Madrid Gnrl Alpha and Beta and Madrid Gnrl Performance. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.