American Airlines Group Backtested Returns
Macroaxis considers American Airlines to be not too risky. American Airlines Group
secures Sharpe Ratio (or Efficiency) of -0.1026 which signifies that American Airlines Group
had -0.1026% of return per unit of standard deviation over the last 1 month. 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 Inc 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 Group Mean Deviation
of 1.23 and Risk Adjusted Performance
of 0.092702 to double-check risk estimate we provide. Macroaxis gives American Airlines performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.2232 which signifies that as returns on market increase, returns on owning American Airlines are expected to decrease at a much smaller rate. During bear market, American Airlines is likely to outperform the market.. Even though it is essential to pay attention to American Airlines Group 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 Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. American Airlines Group has expected return of -0.1604%. Please be advised to confirm American Airlines Group Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to decide if American Airlines Group past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.38) |
Poor reverse predictability
American Airlines Group Inc has poor reverse predictability. Overlapping area represents the amount of predictability between American Airlines time series from February 22, 2018 to March 9, 2018 and March 9, 2018 to March 24, 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 American Airlines Group price movement. The serial correlation of -0.38 indicates that just about 38.0% of current American Airlines price fluctuation can be explain by its past prices. Given that American Airlines Group Inc 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|| -0.38|
|Spearman Rank Test|| -0.09|
|Price Variance|| 2.6|
|Lagged Price Variance|| 0.42|
American Airlines Lagged Returns