Altaba Backtesting

AABA -- USA Stock  

USD 69.52  0.01  0.0144%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Altaba 'What if' Analysis

June 26, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
August 25, 2019
0.00
If you would invest  0.00  in Altaba on June 26, 2019 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 GROUPE BRUXELLES, Owl Rock, ASHMORE GROUP, CI FINANCIAL, AZIMUT HLDG, AZIMUT HLDG, and PIMCO Dynamic. Altaba Inc. operates as a non-diversified, closed-end management investment company in the United States

Altaba Upside/Downside Indicators

Downside Deviation0.4397
Information Ratio0.2276
Maximum Drawdown3.17
Value At Risk(0.69)
Potential Upside0.7166

Altaba Market Premium Indicators

Risk Adjusted Performance0.0477
Jensen Alpha0.0358
Total Risk Alpha0.0746
Sortino Ratio0.2749
Treynor Ratio0.1319

Altaba Backtested Returns

Macroaxis considers Altaba to be very steady. Altaba secures Sharpe Ratio (or Efficiency) of -0.0037 which signifies that the organization had -0.0037% 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 Downside Deviation of 0.4397, Risk Adjusted Performance of 0.0477 and Mean Deviation of 0.3594 to double-check risk estimate we provide. The firm shows Beta (market volatility) of 0.1541 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 -0.0018%. 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(0.51) 
correlation synergy

Good reverse predictability

Altaba has good reverse predictability. Overlapping area represents the amount of predictability between Altaba time series from June 26, 2019 to July 26, 2019 and July 26, 2019 to August 25, 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 Altaba price movement. The serial correlation of -0.51 indicates that about 51.0% of current Altaba price fluctuation can be explain by its past prices. Given that Altaba has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Altaba for similar time interval.
Correlation Coefficient-0.51
Spearman Rank Test-0.4
Residual Average0.0
Price Variance0.18

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 

Did you try this?

Run Portfolio Suggestion Now

   

Portfolio Suggestion

Get suggestions outside of your existing asset allocation including your own model portfolios
All  Next Launch Module

Altaba Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Altaba and GROUPE BRUXELLES LAMBERT. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
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 Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.
Search macroaxis.com