Airport City (Israel) Backtesting

ARPT -- Israel Stock  

ILS 4,775  2.00  0.0419%

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

October 14, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 13, 2018
0.00
If you would invest  0.00  in Airport City on October 14, 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 60 days. Airport City is related to or competes with Bayside Land, Brack Capital, Summit Real, Ashtrom Group, Sella Capital, and Israel Land. Airport City Ltd. engages in the development, establishment, rental, and management of real estate properties in Israel ...

Airport City Upside/Downside Indicators

Downside Deviation1.11
Information Ratio0.1822
Maximum Drawdown5.72
Value At Risk(1.84)
Potential Upside3.12
  

Airport City Market Premium Indicators

Risk Adjusted Performance0.1992
Jensen Alpha0.1935
Total Risk Alpha0.2475
Sortino Ratio0.2197
Treynor Ratio(1.19)

Airport City Backtested Returns

Macroaxis considers Airport City not too risky given 2 months investment horizon. Airport City secures Sharpe Ratio (or Efficiency) of 0.309 which signifies that Airport City had 0.309% of return per unit of risk over the last 2 months. Our philosophy towards 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-one technical indicators for Airport City Ltd which you can use to evaluate future volatility of the firm. Please makes use of Airport City Downside Deviation of 1.11, Risk Adjusted Performance of 0.1992 and Mean Deviation of 0.9947 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Airport City holds performance score of 20. The firm shows Beta (market volatility) of -0.1687 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.. Although it is vital to follow to Airport City 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 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 Airport City technical indicators you can presently evaluate if the expected return of 0.4454% will be sustainable into the future. Please makes use of Airport City Jensen Alpha, Maximum Drawdown and the relationship between Information Ratio and Treynor Ratio to make a quick decision on weather Airport City price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.65 
correlation synergy

Good predictability

Airport City Ltd has good predictability. Overlapping area represents the amount of predictability between Airport City time series from October 14, 2018 to November 13, 2018 and November 13, 2018 to December 13, 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 0.65 indicates that roughly 65.0% of current Airport City price fluctuation can be explain by its past prices.
Correlation Coefficient0.65
Spearman Rank Test0.61
Residual Average0.0
Price Variance6208.94

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 

Current Sentiment - ARPT

Airport City Investor Sentiment

Macroaxis portfolio users are unresponsive in their sentiment towards investing in Airport City Ltd. What is your sentiment towards investing in Airport City Ltd? Are you bullish or bearish?
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Airport City Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Airport City and Bayside Land. 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 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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