Altaba Backtesting

Altaba -- USA Stock  

USD 69.26  0.63  0.90%

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

Altaba 'What if' Analysis

February 24, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 25, 2018
0.00
If you would invest  0.00  in Altaba on February 24, 2018 and sell it all today you would earn a total of 0.00 from holding Altaba or generate 0.0% return on investment in Altaba over 60 days. Altaba is related to or competes with Digimarc, VASCO Data, Dell Technologies, Verint Systems, Ebix, Electronics for, and ECHELON CORP. Altaba Inc. operates as a non-diversified, closed-end management investment company in the United States

Altaba Upside/Downside Indicators

Information Ratio0.065565
Maximum Drawdown7.52
Value At Risk3.30
Potential Upside2.97
  

Altaba Market Premium Indicators

Risk Adjusted Performance0.14
Jensen Alpha0.17
Total Risk Alpha0.12
Treynor Ratio1.17

Altaba Backtested Returns

Macroaxis considers Altaba to be not too volatile. Altaba secures Sharpe Ratio (or Efficiency) of -0.1371 which signifies that Altaba had -0.1371% of return per unit of risk over the last 2 months. Macroaxis philosophy towards 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. Altaba exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Altaba Risk Adjusted Performance of 0.14 and Mean Deviation of 1.63 to double-check risk estimate we provide. Macroaxis gives Altaba performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.1501 which signifies that as returns on market increase, Altaba returns are expected to increase less than the market. However during bear market, the loss on holding Altaba will be expected to be smaller as well.. Even though it is essential to pay attention to Altaba historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards 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. Altaba exposes twenty-one different technical indicators which can help you to evaluate its performance. Altaba has expected return of -0.2665%. Please be advised to confirm Altaba Jensen Alpha, Potential Upside, Skewness, as well as the relationship between Maximum Drawdown and Semi Variance to decide if Altaba past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.01 

Virtually no predictability

Altaba has virtually no predictability. Overlapping area represents the amount of predictability between Altaba time series from February 24, 2018 to March 26, 2018 and March 26, 2018 to April 25, 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 Altaba price movement. The serial correlation of 0.01 indicates that just 1.0% of current Altaba price fluctuation can be explain by its past prices.
Correlation Coefficient 0.01
Spearman Rank Test -0.14
Price Variance 3.55
Lagged Price Variance 4.16

Altaba lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Altaba regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Altaba Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - AABA

Altaba Investor Sentiment
Most of Macroaxis users are presently bullish on Altaba. What is your sentiment towards investing in Altaba? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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BATS Exchange Efficient Frontier

Diversify in USA Market
The main assumption in equity investing is that a higher degree of volatility (or risk) means a higher potential (or expected) return on investment. Conversely, investors who take on a low degree of risk have a low expection for return.
Diversify Portfolios
You can create optimal portfolios in USA market or optimize your existing portfolio in one of two ways: 1) For any level of risk, select the one which has the highest expected return. 2) For any expected return, select the one which has the lowest volatility.
Diversify Portfolios
Check also Altaba Hype Analysis, Altaba Correlation, Altaba Valuation, Altaba Volatility as well as analyze Altaba Alpha and Beta and Altaba Performance. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.