EBay Backtesting

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EBAY -- USA Stock  

 Earnings Call  This Week

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

EBay 'What if' Analysis

October 24, 2019
No Change 0.00  0.0 
In 3 months and 1 day
January 22, 2020
If you would invest  0.00  in EBay on October 24, 2019 and sell it all today you would earn a total of 0.00 from holding EBay or generate 0.0% return on investment in EBay over 90 days. EBay is related to or competes with MercadoLibre, Etsy, Jumei International, LightInTheBox Holding, JD Com, Liquidity Services, and JMU. eBay Inc. operates commerce platforms connecting various buyers and sellers worldwide

EBay Upside/Downside Indicators

Information Ratio(0.18)
Maximum Drawdown10.27
Value At Risk(1.70)
Potential Upside1.41

EBay Market Premium Indicators

Risk Adjusted Performance(0.034763)
Jensen Alpha(0.24)
Total Risk Alpha(0.47)
Treynor Ratio(0.14)

EBay Backtested Returns

We consider EBay very steady. EBay secures Sharpe Ratio (or Efficiency) of 0.0146 which denotes the company had 0.0146% of return per unit of standard deviation over the last 3 months. Our approach into 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-eight technical indicators for EBay which you can use to evaluate future volatility of the entity. Please confirm EBay Mean Deviation of 0.7879 to check if risk estimate we provide are consistent with the epected return of 0.0118%. The corporation shows Beta (market volatility) of 0.9161 which denotes to the fact that EBay returns are very sensitive to returns on the market. as market goes up or down, EBay is expected to follow. Although it is extremely important to respect EBay historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach into 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 evaluating EBay technical indicators you can now evaluate if the expected return of 0.0118% will be sustainable into the future. EBay currently shows a risk of 0.8095%. Please confirm EBay Coefficient Of Variation, Semi Variance, Price Action Indicator, as well as the relationship between Treynor Ratio and Daily Balance Of Power to decide if EBay will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.60) 
correlation synergy

Good reverse predictability

EBay has good reverse predictability. Overlapping area represents the amount of predictability between EBay time series from October 24, 2019 to December 8, 2019 and December 8, 2019 to January 22, 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of EBay price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current EBay price fluctuation can be explain by its past prices. Given that EBay has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of EBay for similar time interval.
Correlation Coefficient-0.6
Spearman Rank Test-0.3
Residual Average0.0
Price Variance0.23

EBay lagged returns against current returns

 Current and Lagged Values 

EBay regressed lagged prices vs. current prices

 Current vs Lagged Prices 

EBay Lagged Returns

 Regressed Prices 

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EBay Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for EBay and MercadoLibre. 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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Continue to EBay Hype Analysis, EBay Correlation, EBay Valuation, EBay Volatility as well as analyze EBay Alpha and Beta and EBay Performance. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.