Airport City (Israel) Backtesting

ARPT -- Israel Stock  

ILS 4,228  28.00  0.67%

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

Airport City 'What if' Analysis

September 19, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 19, 2018
0.00
If you would invest  0.00  in Airport City on September 19, 2018 and sell it all today you would earn a total of 0.00 from holding Airport City Ltd or generate 0.0% return on investment in Airport City over 30 days. Airport City Ltd. engages in the development, establishment, rental, and management of real estate properties in Israel ...

Airport City Upside/Downside Indicators

Information Ratio0.0251
Maximum Drawdown4.24
Value At Risk1.30
Potential Upside1.45
  

Airport City Market Premium Indicators

Risk Adjusted Performance0.18
Jensen Alpha0.17
Total Risk Alpha0.004411
Treynor Ratio3.63

Airport City Backtested Returns

Macroaxis considers Airport City to be not too risky. Airport City secures Sharpe Ratio (or Efficiency) of -0.3638 which signifies that Airport City had -0.3638% of return per unit of risk over the last 1 month. 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. Airport City Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Airport City Risk Adjusted Performance of 0.18 and Mean Deviation of 0.6606 to double-check risk estimate we provide. Macroaxis gives Airport City performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.0444 which signifies that as returns on market increase, returns on owning Airport City are expected to decrease at a much smaller rate. During bear market, Airport City is likely to outperform the market.. Even though it is essential to pay attention to Airport City 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. Airport City Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Airport City has expected return of -0.319%. Please be advised to confirm Airport City Jensen Alpha, Maximum Drawdown and the relationship between Information Ratio and Treynor Ratio to decide if Airport City past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.28 

Poor predictability

Airport City Ltd has poor predictability. Overlapping area represents the amount of predictability between Airport City time series from September 19, 2018 to October 4, 2018 and October 4, 2018 to October 19, 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 Airport City price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Airport City price fluctuation can be explain by its past prices.
Correlation Coefficient0.28
Spearman Rank Test0.39
Residual Average0.0
Price Variance3788.24

Airport City lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Airport City regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Airport City Lagged Returns

 Regressed Prices 
      Timeline 

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Airport City Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Airport City and Israel Canada. 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 Airport City Hype Analysis, Airport City Correlation, Airport City Valuation, Airport City Volatility as well as analyze Airport City Alpha and Beta and Airport City Performance. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
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