Evoqua Water Backtesting

AQUA -- USA Stock  

USD 17.03  0.52  3.15%

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

Evoqua Water 'What if' Analysis

June 22, 2019
No Change 0.00  0.0%
In 2 months and 31 days
September 20, 2019
If you would invest  0.00  in Evoqua Water on June 22, 2019 and sell it all today you would earn a total of 0.00 from holding Evoqua Water Technologies Corp or generate 0.0% return on investment in Evoqua Water over 90 days. Evoqua Water is related to or competes with Energy Recovery, Federal Signal, Fuel Tech, Heritage Crystal, KNOW LABS, LiqTech International, and MIKROS SYSTEMS. Evoqua Water Technologies Corp. provides a range of water and wastewater treatment systems and technologies, and mobile ...

Evoqua Water Upside/Downside Indicators

Downside Deviation2.33
Information Ratio0.1193
Maximum Drawdown16.38
Value At Risk(3.21)
Potential Upside3.91

Evoqua Water Market Premium Indicators

Risk Adjusted Performance0.1276
Jensen Alpha0.2934
Total Risk Alpha0.242
Sortino Ratio0.1258
Treynor Ratio0.3198

Evoqua Water Technol Backtested Returns

Macroaxis considers Evoqua Water slightly risky given 3 months investment horizon. Evoqua Water Technol secures Sharpe Ratio (or Efficiency) of 0.1573 which denotes the organization had 0.1573% of return per unit of risk over the last 3 months. Our philosophy towards predicting 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-one technical indicators for Evoqua Water Technologies Corp which you can use to evaluate future volatility of the firm. Please utilize Evoqua Water Technol Downside Deviation of 2.33, Coefficient Of Variation of 738.52 and Mean Deviation of 1.71 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Evoqua Water holds performance score of 10. The firm shows Beta (market volatility) of 1.0111 which denotes to the fact that Evoqua Water returns are very sensitive to returns on the market. as market goes up or down, Evoqua Water is expected to follow. Although it is vital to follow to Evoqua Water Technol historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards predicting 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 reviewing Evoqua Water Technol technical indicators you can presently evaluate if the expected return of 0.4165% will be sustainable into the future. Please utilizes Evoqua Water Technol Jensen Alpha as well as the relationship between Potential Upside and Skewness to make a quick decision on weather Evoqua Water price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.12) 
correlation synergy

Insignificant reverse predictability

Evoqua Water Technologies Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Evoqua Water time series from June 22, 2019 to August 6, 2019 and August 6, 2019 to September 20, 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 Evoqua Water Technol price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Evoqua Water price fluctuation can be explain by its past prices. Given that Evoqua Water Technologies Corp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Evoqua Water for similar time interval.
Correlation Coefficient-0.12
Spearman Rank Test0.05
Residual Average0.0
Price Variance0.76

Evoqua Water Technol lagged returns against current returns

 Current and Lagged Values 

Evoqua Water regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Evoqua Water Lagged Returns

 Regressed Prices 

Current Sentiment - AQUA

Evoqua Water Technol Investor Sentiment

Macroaxis portfolio users are unresponsive in their sentiment towards investing in Evoqua Water Technologies Corp. What is your opinion about investing in Evoqua Water Technologies Corp? Are you bullish or bearish?
50% Bullish
50% Bearish

Evoqua Water Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Evoqua Water and Energy Recovery. 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 Evoqua Water Hype Analysis, Evoqua Water Correlation, Evoqua Water Valuation, Evoqua Water Volatility as well as analyze Evoqua Water Alpha and Beta and Evoqua Water Performance. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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