American Airlines Backtesting

American Airlines Group Inc -- USA Stock  

USD 58.47  2.05  3.63%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of American Airlines Group Inc 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
 Time Horizon     30 Days    Login   to change

American Airlines 'What if' Analysis

December 17, 2017
No Change 0.00  0.0%
In 31 days
January 16, 2018
If you would invest  0.00  in American Airlines on December 17, 2017 and sell it all today you would earn a total of 0.00 from holding American Airlines Group Inc or generate 0.0% return on investment in American Airlines over 30 days. American Airlines is related to or competes with Hawaiian Holdings, Alaska Air, Delta Air, Southwest Airlines, and United Continental. As of December 31 2015 American Airlines Group Inc operated a mainline fleet of 946 aircraft

American Airlines Upside/Downside Indicators


American Airlines Market Premium Indicators

American Airlines Group lagged returns against current returns

 Current and Lagged Values 

American Airlines regressed lagged prices vs. current prices

 Current vs Lagged Prices 

American Airlines Group Backtested Returns

Macroaxis considers American Airlines not too risky given 1 month investment horizon. American Airlines Group secures Sharpe Ratio (or Efficiency) of 0.407 which signifies that American Airlines Group had 0.407% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By analyzing American Airlines Group technical indicators you can presently evaluate if the expected return of 0.6845% is justified by implied risk. Please makes use of American Airlines Group Mean Deviation of 1.21 and Risk Adjusted Performance of 0.1734 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 American Airlines holds performance score of 26. The firm shows Beta (market volatility) of 1.8662 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.. Although it is vital to follow to American Airlines Group historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty technical indicators for American Airlines Group Inc which you can use to evaluate performance of the firm. Please makes use of American Airlines Group Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Information Ratio and Downside Variance to make a quick decision on weather American Airlines price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.21 

Weak predictability

American Airlines Group Inc has weak predictability. Overlapping area represents the amount of predictability between American Airlines time series from December 17, 2017 to January 1, 2018 and January 1, 2018 to January 16, 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 0.21 indicates that over 21.0% of current American Airlines price fluctuation can be explain by its past prices.
Correlation Coefficient 0.21
Spearman Rank Test 0.08
Price Variance 6.01
Lagged Price Variance 0.28

American Airlines Lagged Returns

 Regressed Prices 

American Airlines Performance vs DOW

The median price of American Airlines for the period between Sun, Dec 17, 2017 and Tue, Jan 16, 2018 is 52.4 with a coefficient of variation of 3.56. The daily time series for the period is distributed with a sample standard deviation of 1.87, arithmetic mean of 52.51, and mean deviation of 1.14. The Stock received some media coverage during the period.
Price Growth (%)  
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