Advanced Micro Backtesting

AMD -- USA Stock  

USD 19.86  0.04  0.20%

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

Advanced Micro 'What if' Analysis

October 17, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 16, 2018
0.00
If you would invest  0.00  in Advanced Micro on October 17, 2018 and sell it all today you would earn a total of 0.00 from holding Advanced Micro Devices or generate 0.0% return on investment in Advanced Micro over 60 days. Advanced Micro is related to or competes with Diodes Incorporated, Aquantia Corp, Cypress Semiconductor, MagnaChip Semiconductor, ON Semiconductor, DSP, and EMCORE. Advanced Micro Devices, Inc. operates as a semiconductor company worldwide

Advanced Micro Upside/Downside Indicators

Information Ratio(0.05)
Maximum Drawdown22.76
Value At Risk(10.92)
Potential Upside11.04
  

Advanced Micro Market Premium Indicators

Risk Adjusted Performance(0.08)
Jensen Alpha(0.22)
Total Risk Alpha0.125
Treynor Ratio(0.23)

Advanced Micro Devices Backtested Returns

Macroaxis considers Advanced Micro to be relatively risky. Advanced Micro Devices secures Sharpe Ratio (or Efficiency) of -0.0864 which signifies that Advanced Micro Devices had -0.0864% 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. Advanced Micro Devices exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Advanced Micro Devices Risk Adjusted Performance of (0.08) and Mean Deviation of 4.84 to double-check risk estimate we provide. Macroaxis gives Advanced Micro performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.9282 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Advanced Micro will likely underperform.. Even though it is essential to pay attention to Advanced Micro Devices 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. Advanced Micro Devices exposes twenty-one different technical indicators which can help you to evaluate its performance. Advanced Micro Devices has expected return of -0.5394%. Please be advised to confirm Advanced Micro Devices Treynor Ratio as well as the relationship between Potential Upside and Expected Short fall to decide if Advanced Micro Devices past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.54) 
correlation synergy

Good reverse predictability

Advanced Micro Devices has good reverse predictability. Overlapping area represents the amount of predictability between Advanced Micro time series from October 17, 2018 to November 16, 2018 and November 16, 2018 to December 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 Advanced Micro Devices price movement. The serial correlation of -0.54 indicates that about 54.0% of current Advanced Micro price fluctuation can be explain by its past prices. Given that Advanced Micro Devices has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Advanced Micro for similar time interval.
Correlation Coefficient-0.54
Spearman Rank Test0.08
Residual Average0.0
Price Variance1.7

Advanced Micro Devices lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Advanced Micro regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Advanced Micro Lagged Returns

 Regressed Prices 
      Timeline 

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Advanced Micro Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Advanced Micro and Diodes Incorporated. 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 Advanced Micro Hype Analysis, Advanced Micro Correlation, Advanced Micro Valuation, Advanced Micro Volatility as well as analyze Advanced Micro Alpha and Beta and Advanced Micro Performance. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.
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