Salesforce Backtesting

CRM -- USA Stock  

USD 152.82  0.19  0.12%

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

Salesforce 'What if' Analysis

June 20, 2019
0.00
No Change 0.00  0.0%
In 3 months and 1 day
September 18, 2019
0.00
If you would invest  0.00  in Salesforce on June 20, 2019 and sell it all today you would earn a total of 0.00 from holding Salesforce or generate 0.0% return on investment in Salesforce over 90 days. Salesforce is related to or competes with Eventbrite, Aurora Mobile, LINE, DocuSign, Domo, Descartes Systems, and DESTINY MEDIA. salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worl...

Salesforce Upside/Downside Indicators

Downside Deviation1.52
Information Ratio0.0029
Maximum Drawdown5.63
Value At Risk(2.35)
Potential Upside2.25

Salesforce Market Premium Indicators

Risk Adjusted Performance0.033
Jensen Alpha0.0116
Total Risk Alpha(0.013448)
Sortino Ratio0.0026
Treynor Ratio0.0469

Salesforce Backtested Returns

Macroaxis considers Salesforce to be very steady. Salesforce owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0228 which indicates the firm had -0.0228% of return per unit of risk over the last 3 months. Macroaxis philosophy towards measuring 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. Salesforce exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Salesforce Semi Deviation of 1.26, Coefficient Of Variation of 2987.06 and Risk Adjusted Performance of 0.033 to confirm risk estimate we provide. The entity has beta of 0.7603 which indicates as returns on market increase, Salesforce returns are expected to increase less than the market. However during bear market, the loss on holding Salesforce will be expected to be smaller as well. Even though it is essential to pay attention to Salesforce current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring 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. Salesforce exposes twenty-one different technical indicators which can help you to evaluate its performance. Salesforce has expected return of -0.0335%. Please be advised to validate Salesforce Downside Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Downside Variance to decide if Salesforce past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.29 
correlation synergy

Poor predictability

Salesforce has poor predictability. Overlapping area represents the amount of predictability between Salesforce time series from June 20, 2019 to August 4, 2019 and August 4, 2019 to September 18, 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 Salesforce price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Salesforce price fluctuation can be explain by its past prices.
Correlation Coefficient0.29
Spearman Rank Test0.14
Residual Average0.0
Price Variance25.66

Salesforce lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Salesforce regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Salesforce Lagged Returns

 Regressed Prices 
      Timeline 

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World Markets Correlation

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Salesforce Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Salesforce and Eventbrite. 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 Salesforce Hype Analysis, Salesforce Correlation, Salesforce Valuation, Salesforce Volatility as well as analyze Salesforce Alpha and Beta and Salesforce Performance. Please also try CEO Directory module to screen ceos from public companies around the world.
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