Etsy Backtesting

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ETSY -- USA Stock  

Earning Report: February 24, 2020  

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

Etsy 'What if' Analysis

October 22, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
January 20, 2020
0.00
If you would invest  0.00  in Etsy on October 22, 2019 and sell it all today you would earn a total of 0.00 from holding Etsy or generate 0.0% return on investment in Etsy over 90 days. Etsy is related to or competes with JD Com, EBay, JMU, MEDIFAST INC, Imedia Brands, and Jumei International. Etsy, Inc. operates Etsy.com, an online market place for buyers and sellers to sell goods primarily in the United States...

Etsy Upside/Downside Indicators

Information Ratio(0.11)
Maximum Drawdown18.93
Value At Risk(3.38)
Potential Upside3.78

Etsy Market Premium Indicators

Risk Adjusted Performance(0.022985)
Jensen Alpha(0.49)
Total Risk Alpha(0.90)
Treynor Ratio(0.08)

Etsy Backtested Returns

Macroaxis considers Etsy to be not too volatile. Etsy secures Sharpe Ratio (or Efficiency) of -0.0408 which denotes the organization had -0.0408% of return per unit of risk over the last 3 months. Macroaxis philosophy towards predicting 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. Etsy exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Etsy Coefficient Of Variation of (1,528) and Mean Deviation of 1.93 to check risk estimate we provide. The firm shows Beta (market volatility) of 2.4768 which denotes to the fact that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Etsy will likely underperform. Even though it is essential to pay attention to Etsy historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting 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. Etsy exposes twenty-one different technical indicators which can help you to evaluate its performance. Etsy has expected return of -0.1175%. Please be advised to confirm Etsy Variance and Potential Upside to decide if Etsy past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.62) 
correlation synergy

Very good reverse predictability

Etsy has very good reverse predictability. Overlapping area represents the amount of predictability between Etsy time series from October 22, 2019 to December 6, 2019 and December 6, 2019 to January 20, 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 Etsy price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Etsy price fluctuation can be explain by its past prices. Given that Etsy has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Etsy for similar time interval.
Correlation Coefficient-0.62
Spearman Rank Test-0.58
Residual Average0.0
Price Variance8.74

Etsy lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Etsy regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Etsy Lagged Returns

 Regressed Prices 
    
  Timeline 

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Etsy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Etsy and JD Com. 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 Etsy Hype Analysis, Etsy Correlation, Etsy Valuation, Etsy Volatility as well as analyze Etsy Alpha and Beta and Etsy Performance. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.