American Airlines Backtesting

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AAL -- USA Stock  

 Earnings Call  Tomorrow

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

American Airlines 'What if' Analysis

October 24, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
January 22, 2020
0.00
If you would invest  0.00  in American Airlines on October 24, 2019 and sell it all today you would earn a total of 0.00 from holding American Airlines Group or generate 0.0% return on investment in American Airlines over 90 days. American Airlines is related to or competes with Hawaiian Holdings, Alaska Air, Avianca Holdings, Southwest Airlines, China Eastern, Copa Holdings, and American Airlines. American Airlines Group Inc., through its subsidiaries, operates as a network air carrier

American Airlines Upside/Downside Indicators

Downside Deviation1.95
Information Ratio(0.049773)
Maximum Drawdown9.88
Value At Risk(3.50)
Potential Upside2.69

American Airlines Market Premium Indicators

Risk Adjusted Performance0.0166
Jensen Alpha(0.22)
Total Risk Alpha(0.43)
Sortino Ratio(0.047109)
Treynor Ratio0.0124

American Airlines Backtested Returns

Macroaxis considers American Airlines to be not too volatile. American Airlines secures Sharpe Ratio (or Efficiency) of -0.0577 which signifies that the organization had -0.0577% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in 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. American Airlines Group exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm American Airlines Risk Adjusted Performance of 0.0166 and Mean Deviation of 1.41 to double-check risk estimate we provide. The firm shows Beta (market volatility) of 2.0688 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, American Airlines will likely underperform. Even though it is essential to pay attention to American Airlines historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in 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. American Airlines Group exposes twenty-one different technical indicators which can help you to evaluate its performance. American Airlines has expected return of -0.11%. Please be advised to confirm American Airlines Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to decide if American Airlines past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.19 
correlation synergy

Very weak predictability

American Airlines Group has very weak predictability. Overlapping area represents the amount of predictability between American Airlines time series from October 24, 2019 to December 8, 2019 and December 8, 2019 to January 22, 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 American Airlines price movement. The serial correlation of 0.19 indicates that over 19.0% of current American Airlines price fluctuation can be explain by its past prices.
Correlation Coefficient0.19
Spearman Rank Test0.04
Residual Average0.0
Price Variance0.52

American Airlines lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

American Airlines regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

American Airlines Lagged Returns

 Regressed Prices 
    
  Timeline 

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American Airlines Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for American Airlines and Hawaiian Holdings. 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
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Please continue to American Airlines Hype Analysis, American Airlines Correlation, American Airlines Valuation, American Airlines Volatility as well as analyze American Airlines Alpha and Beta and American Airlines Performance. Please also try Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.