GM Backtesting

GM -- USA Stock  

USD 36.96  0.41  1.10%

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

GM 'What if' Analysis

June 23, 2019
No Change 0.00  0.0%
In 3 months and 1 day
September 21, 2019
If you would invest  0.00  in GM on June 23, 2019 and sell it all today you would earn a total of 0.00 from holding General Motors Company or generate 0.0% return on investment in GM over 90 days. GM is related to or competes with Kandi Technologies, Exxon, Fiat Chrysler, Honda Motor, DAIMLER AG, and NIO. General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide

GM Upside/Downside Indicators

Downside Deviation1.62
Information Ratio0.0144
Maximum Drawdown7.85
Value At Risk(2.04)
Potential Upside2.13

GM Market Premium Indicators

Risk Adjusted Performance0.0344
Jensen Alpha0.0194
Total Risk Alpha0.0096
Sortino Ratio0.0128
Treynor Ratio0.0365

General Motors Backtested Returns

We consider GM very steady. General Motors holds Efficiency (Sharpe) Ratio of 0.0177 which attests that the entity had 0.0177% of return per unit of risk over the last 3 months. Our philosophy towards determining 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-six technical indicators for General Motors which you can use to evaluate future volatility of the corporation. Please check out GM Market Risk Adjusted Performance of 0.0465, Risk Adjusted Performance of 0.0344 and Downside Deviation of 1.62 to validate if risk estimate we provide are consistent with the epected return of 0.026%. GM has performance score of 1 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 1.0743 which attests that GM returns are very sensitive to returns on the market. as market goes up or down, GM is expected to follow. Although it is extremely important to respect General Motors current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining 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 General Motors technical indicators you can presently evaluate if the expected return of 0.026% will be sustainable into the future. General Motors right now retains a risk of 1.4699%. Please check out GM Potential Upside, and the relationship between Sortino Ratio and Skewness to decide if GM will be following its current trending patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.31 
correlation synergy

Below average predictability

General Motors Company has below average predictability. Overlapping area represents the amount of predictability between GM time series from June 23, 2019 to August 7, 2019 and August 7, 2019 to September 21, 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 General Motors price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current GM price fluctuation can be explain by its past prices.
Correlation Coefficient0.31
Spearman Rank Test0.32
Residual Average0.0
Price Variance1.62

General Motors lagged returns against current returns

 Current and Lagged Values 

GM regressed lagged prices vs. current prices

 Current vs Lagged Prices 

GM Lagged Returns

 Regressed Prices 

Current Sentiment - GM

General Motors Investor Sentiment

Nearly all of Macroaxis users are currently bullish on General Motors Company. What is your judgment towards investing in General Motors Company? Are you bullish or bearish?
98% Bullish
2% Bearish

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Please also check GM Hype Analysis, GM Correlation, GM Valuation, GM Volatility as well as analyze GM Alpha and Beta and GM Performance. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.