KAR Auction Backtesting

KAR -- USA Stock  

Quarterly Earning Report: November 5, 2019  

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

KAR Auction 'What if' Analysis

July 17, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
October 15, 2019
0.00
If you would invest  0.00  in KAR Auction on July 17, 2019 and sell it all today you would earn a total of 0.00 from holding KAR Auction Services or generate 0.0% return on investment in KAR Auction over 90 days. KAR Auction is related to or competes with 1 800, Etsy, AutoZone, Advance Auto, JD Com, BJs Wholesale, and Five Below. KAR Auction Services, Inc., together with its subsidiaries, provides used car auction and salvage auction services in th...

KAR Auction Upside/Downside Indicators

Information Ratio(0.017942)
Maximum Drawdown9.54
Value At Risk(2.61)
Potential Upside2.8

KAR Auction Market Premium Indicators

Risk Adjusted Performance(0.026319)
Jensen Alpha(0.03986)
Total Risk Alpha(0.00083786)
Treynor Ratio(0.09)

KAR Auction Services Backtested Returns

Macroaxis considers KAR Auction to be not too volatile. KAR Auction Services has Sharpe Ratio of -0.0272 which conveys that the company had -0.0272% of return per unit of volatility over the last 3 months. Macroaxis way of estimating 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. KAR Auction exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify KAR Auction Services Market Risk Adjusted Performance of (0.08) and Mean Deviation of 1.36 to check out risk estimate we provide. The corporation secures Beta (Market Risk) of 0.8005 which conveys that as returns on market increase, KAR Auction returns are expected to increase less than the market. However during bear market, the loss on holding KAR Auction will be expected to be smaller as well. Even though it is essential to pay attention to KAR Auction Services price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis way of estimating 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. KAR Auction exposes twenty-one different technical indicators which can help you to evaluate its performance. KAR Auction Services has expected return of -0.0506%. Please be advised to verify KAR Auction Services Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if KAR Auction Services past performance will be repeated in the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.65 
correlation synergy

Good predictability

KAR Auction Services has good predictability. Overlapping area represents the amount of predictability between KAR Auction time series from July 17, 2019 to August 31, 2019 and August 31, 2019 to October 15, 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 KAR Auction Services price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current KAR Auction price fluctuation can be explain by its past prices.
Correlation Coefficient0.65
Spearman Rank Test0.34
Residual Average0.0
Price Variance1.59

KAR Auction Services lagged returns against current returns

 Current and Lagged Values 
      Timeline 

KAR Auction regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

KAR Auction Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - KAR

KAR Auction Services Investor Sentiment

Greater number of Macroaxis users are now bullish on KAR Auction Services. What is your trading attitude regarding investing in KAR Auction Services? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please see also KAR Auction Hype Analysis, KAR Auction Correlation, KAR Auction Valuation, KAR Auction Volatility as well as analyze KAR Auction Alpha and Beta and KAR Auction Performance. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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