Apple (Germany) Backtesting

APC -- Germany Stock  

EUR 160.60  0.10  0.06%

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

Apple 'What if' Analysis

March 27, 2019
0.00
No Change 0.00  0.0%
In 2 months and 1 day
May 26, 2019
0.00
If you would invest  0.00  in Apple on March 27, 2019 and sell it all today you would earn a total of 0.00 from holding Apple or generate 0.0% return on investment in Apple over 60 days. Apple is related to or competes with Samsung Electronics, AB Electrolux, LG Display, DeLonghi S, Medion AG, and Funai Electric. Apple Inc. designs, manufactures, and markets mobile communication and media devices, and personal computers

Apple Upside/Downside Indicators

Downside Deviation1.97
Maximum Drawdown9.13
Value At Risk(2.86)
Potential Upside4.54

Apple Market Premium Indicators

Risk Adjusted Performance0.01

Apple Backtested Returns

Macroaxis considers Apple to be very steady. Apple secures Sharpe Ratio (or Efficiency) of -0.1422 which signifies that the organization had -0.1422% 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. Apple exposes twenty different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Apple Mean Deviation of 1.43, Risk Adjusted Performance of 0.01 and Downside Deviation of 1.97 to double-check risk estimate we provide. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Apple are completely uncorrelated. Even though it is essential to pay attention to Apple 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. Apple exposes twenty different technical indicators which can help you to evaluate its performance. Apple has expected return of -0.2567%. Please be advised to confirm Apple Information Ratio, Maximum Drawdown and the relationship between Variance and Treynor Ratio to decide if Apple past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.87) 
correlation synergy

Excellent reverse predictability

Apple has excellent reverse predictability. Overlapping area represents the amount of predictability between Apple 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 Apple price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Apple price fluctuation can be explain by its past prices. Given that Apple has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Apple for similar time interval.
Correlation Coefficient-0.87
Spearman Rank Test-0.55
Residual Average0.0
Price Variance53.69

Apple lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Apple regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Apple Lagged Returns

 Regressed Prices 
      Timeline 

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Apple Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Apple and Samsung Electronics. 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 Apple Hype Analysis, Apple Correlation, Apple Valuation, Apple Volatility as well as analyze Apple Alpha and Beta and Apple Performance. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.
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