Amazon (Germany) Backtesting

AMZ -- Germany Stock  

EUR 1,621  10.80  0.66%

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

Amazon 'What if' Analysis

March 27, 2019
No Change 0.00  0.0%
In 2 months and 1 day
May 26, 2019
If you would invest  0.00  in Amazon on March 27, 2019 and sell it all today you would earn a total of 0.00 from holding Amazon or generate 0.0% return on investment in Amazon over 60 days. Amazon is related to or competes with Zalando SE, KAR Auction, Sanrio Company, and Fnac Darty., Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally

Amazon Upside/Downside Indicators

Downside Deviation1.44
Maximum Drawdown6.63
Value At Risk(2.36)
Potential Upside3.36

Amazon Market Premium Indicators

Risk Adjusted Performance0.01

Amazon Backtested Returns

We consider Amazon very steady. Amazon secures Sharpe Ratio (or Efficiency) of 0.0021 which signifies that the organization had 0.0021% of return per unit of standard deviation over the last 2 months. Our philosophy in foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty technical indicators for Amazon which you can use to evaluate future volatility of the firm. Please confirm Amazon Risk Adjusted Performance of 0.01 and Mean Deviation of 1.17 to double-check if risk estimate we provide are consistent with the epected return of 0.0028%. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Amazon are completely uncorrelated. Although it is extremely important to respect Amazon historical returns, it is better to be realistic regarding the information on 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. By analyzing Amazon technical indicators you can presently evaluate if the expected return of 0.0028% will be sustainable into the future. Amazon right now shows a risk of 1.3269%. Please confirm Amazon Standard Deviation, Maximum Drawdown and the relationship between Downside Deviation and Information Ratio to decide if Amazon will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.73) 
correlation synergy

Almost perfect reverse predictability

Amazon has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Amazon time series from March 27, 2019 to April 26, 2019 and April 26, 2019 to May 26, 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 Amazon price movement. The serial correlation of -0.73 indicates that around 73.0% of current Amazon price fluctuation can be explain by its past prices. Given that Amazon has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Amazon for similar time interval.
Correlation Coefficient-0.73
Spearman Rank Test-0.53
Residual Average0.0
Price Variance830.91

Amazon lagged returns against current returns

 Current and Lagged Values 

Amazon regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Amazon Lagged Returns

 Regressed Prices 

Current Sentiment - AMZ

Amazon Investor Sentiment

Most of Macroaxis users are presently bullish on Amazon. What is your sentiment towards investing in Amazon? Are you bullish or bearish?
98% Bullish
2% Bearish

Amazon Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Amazon and Zalando SE. 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
Run Pair Correlation  
Check also Amazon Hype Analysis, Amazon Correlation, Amazon Valuation, Amazon Volatility as well as analyze Amazon Alpha and Beta and Amazon Performance. Please also try Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.