Avista Backtesting

AVA -- USA Stock  

USD 47.60  0.04  0.08%

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

Avista 'What if' Analysis

June 21, 2019
No Change 0.00  0.0%
In 3 months and 1 day
September 19, 2019
If you would invest  0.00  in Avista on June 21, 2019 and sell it all today you would earn a total of 0.00 from holding Avista Corporation or generate 0.0% return on investment in Avista over 90 days. Avista is related to or competes with Dominion Energy, FirstEnergy Corp, Just Energy, AES, Brookfield Infrastructure, and Black Hills. Avista Corporation operates as an electric and natural gas utility company

Avista Upside/Downside Indicators

Downside Deviation0.724
Information Ratio0.1131
Maximum Drawdown4.2
Value At Risk(1.28)
Potential Upside1.58

Avista Market Premium Indicators

Risk Adjusted Performance0.1433
Jensen Alpha0.1114
Total Risk Alpha0.0957
Sortino Ratio0.129
Treynor Ratio0.3156

Avista Backtested Returns

We consider Avista very steady. Avista secures Sharpe Ratio (or Efficiency) of 0.1383 which signifies that the organization had 0.1383% of return per unit of risk over the last 3 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 Avista Corporation which you can use to evaluate future volatility of the firm. Please confirm Avista Mean Deviation of 0.6318, Downside Deviation of 0.724 and Risk Adjusted Performance of 0.1433 to double-check if risk estimate we provide are consistent with the epected return of 0.1146%. Avista has performance score of 9 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.3896 which signifies that as returns on market increase, Avista returns are expected to increase less than the market. However during bear market, the loss on holding Avista will be expected to be smaller as well. Although it is extremely important to respect Avista historical returns, it is better to be realistic regarding the information on 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 Avista technical indicators you can presently evaluate if the expected return of 0.1146% will be sustainable into the future. Avista right now shows a risk of 0.8288%. Please confirm Avista Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to decide if Avista will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.78 
correlation synergy

Good predictability

Avista Corporation has good predictability. Overlapping area represents the amount of predictability between Avista time series from June 21, 2019 to August 5, 2019 and August 5, 2019 to September 19, 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 Avista price movement. The serial correlation of 0.78 indicates that around 78.0% of current Avista price fluctuation can be explain by its past prices.
Correlation Coefficient0.78
Spearman Rank Test0.8
Residual Average0.0
Price Variance0.98

Avista lagged returns against current returns

 Current and Lagged Values 

Avista regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Avista Lagged Returns

 Regressed Prices 

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Money Flow Index

Determine momentum by analyzing Money Flow Index and other technical indicators
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Avista Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Avista and Dominion Energy. 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 Avista Hype Analysis, Avista Correlation, Avista Valuation, Avista Volatility as well as analyze Avista Alpha and Beta and Avista Performance. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.
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