Second Sight Backtesting

EYES -- USA Stock  

Quarterly Earning Report: November 6, 2019  

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

Second Sight 'What if' Analysis

July 20, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
October 18, 2019
0.00
If you would invest  0.00  in Second Sight on July 20, 2019 and sell it all today you would earn a total of 0.00 from holding Second Sight Medical Products or generate 0.0% return on investment in Second Sight over 90 days. Second Sight is related to or competes with ESCALON MEDICAL, Edwards Lifesciences, EDAP TMS, Dynatronics, Electromed, and ENCISION INC. Second Sight Medical Products, Inc. develops, manufactures, and markets implantable visual prosthetics that are intended...

Second Sight Upside/Downside Indicators

Information Ratio(0.007069)
Maximum Drawdown17.11
Value At Risk(5.89)
Potential Upside5.11

Second Sight Market Premium Indicators

Risk Adjusted Performance(0.005636)
Jensen Alpha(0.025542)
Total Risk Alpha0.0529
Treynor Ratio(0.06)

Second Sight Medical Backtested Returns

Macroaxis considers Second Sight to be abnormally volatile. Second Sight Medical owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0092 which indicates the firm had -0.0092% 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. Second Sight Medical Products exposes twenty-seven different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Second Sight Risk Adjusted Performance of (0.005636) and Coefficient Of Variation of (7,641) to confirm risk estimate we provide. The entity has beta of 0.959 which indicates Second Sight returns are very sensitive to returns on the market. as market goes up or down, Second Sight is expected to follow. Even though it is essential to pay attention to Second Sight Medical 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. Second Sight Medical Products exposes twenty-seven different technical indicators which can help you to evaluate its performance. Second Sight Medical has expected return of -0.032%. Please be advised to validate Second Sight Information Ratio and the relationship between Maximum Drawdown and Rate Of Daily Change to decide if Second Sight Medical past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.01) 
correlation synergy

Very weak reverse predictability

Second Sight Medical Products has very weak reverse predictability. Overlapping area represents the amount of predictability between Second Sight time series from July 20, 2019 to September 3, 2019 and September 3, 2019 to October 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 Second Sight Medical price movement. The serial correlation of -0.01 indicates that just 1.0% of current Second Sight price fluctuation can be explain by its past prices. Given that Second Sight Medical Products has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Second Sight for similar time interval.
Correlation Coefficient-0.01
Spearman Rank Test0.08
Residual Average0.0
Price Variance0.0

Second Sight Medical lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Second Sight regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Second Sight Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - EYES

Second Sight Medical Investor Sentiment

Most of Macroaxis users are currently bullish on Second Sight Medical Products. What is your outlook on investing in Second Sight Medical Products? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Second Sight Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Second Sight and ESCALON MEDICAL CORP. 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  
Additionally see Second Sight Hype Analysis, Second Sight Correlation, Second Sight Valuation, Second Sight Volatility as well as analyze Second Sight Alpha and Beta and Second Sight Performance. Please also try Headlines Timeline module to stay connected to all market stories and filter out noise. drill down to analyze hype elasticity.
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