ANTOFAGASTA Backtesting

ANFGF -- USA Stock  

USD 11.09  0.00  0.00%

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

ANTOFAGASTA 'What if' Analysis

July 25, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
October 23, 2019
0.00
If you would invest  0.00  in ANTOFAGASTA on July 25, 2019 and sell it all today you would earn a total of 0.00 from holding ANTOFAGASTA or generate 0.0% return on investment in ANTOFAGASTA over 90 days. ANTOFAGASTA is related to or competes with Freeport McMoRan, LUNDIN MINING, KAZ MINERALS, Turquoise Hill, KATANGA MINING, COPPER MOUNTAIN, and METALS X. Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of ...

ANTOFAGASTA Upside/Downside Indicators

Downside Deviation4.8
Information Ratio0.0201
Maximum Drawdown13.34
Value At Risk(5.09)
Potential Upside3.89

ANTOFAGASTA Market Premium Indicators

Risk Adjusted Performance0.0168
Jensen Alpha0.0105
Total Risk Alpha0.1094
Sortino Ratio0.0109
Treynor Ratio(0.08)

ANTOFAGASTA Backtested Returns

Macroaxis considers ANTOFAGASTA to be relatively risky. ANTOFAGASTA secures Sharpe Ratio (or Efficiency) of -0.0346 which signifies that the organization had -0.0346% of return per unit of risk 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. ANTOFAGASTA exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ANTOFAGASTA Mean Deviation of 1.35 and Risk Adjusted Performance of 0.0168 to double-check risk estimate we provide. The firm shows Beta (market volatility) of -0.227 which signifies that as returns on market increase, returns on owning ANTOFAGASTA are expected to decrease at a much smaller rate. During bear market, ANTOFAGASTA is likely to outperform the market. Even though it is essential to pay attention to ANTOFAGASTA 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. ANTOFAGASTA exposes twenty-one different technical indicators which can help you to evaluate its performance. ANTOFAGASTA has expected return of -0.0892%. Please be advised to confirm ANTOFAGASTA Treynor Ratio as well as the relationship between Potential Upside and Expected Short fall to decide if ANTOFAGASTA past performance will be repeated at future time.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.48 
correlation synergy

Average predictability

ANTOFAGASTA has average predictability. Overlapping area represents the amount of predictability between ANTOFAGASTA time series from July 25, 2019 to September 8, 2019 and September 8, 2019 to October 23, 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 ANTOFAGASTA price movement. The serial correlation of 0.48 indicates that about 48.0% of current ANTOFAGASTA price fluctuation can be explain by its past prices.
Correlation Coefficient0.48
Spearman Rank Test0.23
Residual Average0.0
Price Variance0.12

ANTOFAGASTA lagged returns against current returns

 Current and Lagged Values 
      Timeline 

ANTOFAGASTA regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

ANTOFAGASTA Lagged Returns

 Regressed Prices 
      Timeline 

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ANTOFAGASTA Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for ANTOFAGASTA and Freeport McMoRan. 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 ANTOFAGASTA Hype Analysis, ANTOFAGASTA Correlation, ANTOFAGASTA Valuation, ANTOFAGASTA Volatility as well as analyze ANTOFAGASTA Alpha and Beta and ANTOFAGASTA Performance. Please also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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