American Airlines Backtesting

AAL -- USA Stock  

USD 27.68  0.62  2.19%

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. Check also 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
SymbolX
Backtest

American Airlines 'What if' Analysis

June 22, 2019
0.00
No Change 0.00  0.0%
In 3 months and 1 day
September 20, 2019
0.00
If you would invest  0.00  in American Airlines on June 22, 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 Gol Linhas, Alaska Air, China Eastern, Hawaiian Holdings, LATAM Airlines, Southwest Airlines, and American Airlines. American Airlines Group Inc., through its subsidiaries, operates as a network air carrier

American Airlines Upside/Downside Indicators

Information Ratio(0.11)
Maximum Drawdown11.19
Value At Risk(4.18)
Potential Upside2.56

American Airlines Market Premium Indicators

Risk Adjusted Performance(0.08)
Jensen Alpha(0.26)
Total Risk Alpha(0.28)
Treynor Ratio(0.15)

American Airlines Backtested Returns

Macroaxis considers American Airlines to be not too volatile. American Airlines secures Sharpe Ratio (or Efficiency) of -0.0766 which signifies that the organization had -0.0766% 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-six different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm American Airlines Mean Deviation of 1.84 and Risk Adjusted Performance of (0.08) to double-check risk estimate we provide. The firm shows Beta (market volatility) of 1.534 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-six different technical indicators which can help you to evaluate its performance. American Airlines has expected return of -0.186%. Please be advised to confirm American Airlines Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Jensen Alpha 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(0.71) 
correlation synergy

Almost perfect reverse predictability

American Airlines Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between American Airlines time series from June 22, 2019 to August 6, 2019 and August 6, 2019 to September 20, 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 American Airlines price movement. The serial correlation of -0.71 indicates that around 71.0% of current American Airlines price fluctuation can be explain by its past prices. Given that American Airlines Group has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of American Airlines for similar time interval.
Correlation Coefficient-0.71
Spearman Rank Test-0.16
Residual Average0.0
Price Variance2.32

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 Gol Linhas Aereas. 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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Check also 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 Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
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