KeyCorp Backtesting

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KEY -- USA Stock  

Potential Growth

With this equity back-testing module your can estimate the performance of a buy and hold strategy of KeyCorp and determine expected loss or profit from investing in KeyCorp over given investment horizon. Please see KeyCorp Hype Analysis, KeyCorp Correlation, KeyCorp Valuation, KeyCorp Volatility as well as analyze KeyCorp Alpha and Beta and KeyCorp Performance.

KeyCorp 'What if' Analysis

No Change 0.00  0.0 
In 2 months and 31 days
If you would invest  0.00  in KeyCorp on March 7, 2020 and sell it all today you would earn a total of 0.00 from holding KeyCorp or generate 0.0% return on investment in KeyCorp over 90 days. KeyCorp is related to or competes with Axos Financial, Deutsche Bank, KB Financial, Prosperity Bancshares, Eagle Bancorp, Meridian Bancorp, and Enterprise Bancorp. KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial ban...

KeyCorp Upside/Downside Indicators

Information Ratio(0.032834)
Maximum Drawdown38.64
Value At Risk(11.27)
Potential Upside14.14

KeyCorp Market Premium Indicators

Risk Adjusted Performance(0.07)
Jensen Alpha(0.09)
Total Risk Alpha(0.34)
Treynor Ratio0.2221

KeyCorp Backtested Returns

Macroaxis considers KeyCorp slightly risky given 3 months investment horizon. KeyCorp has Sharpe Ratio of 0.0449, which conveys that the firm had 0.0449% of return per unit of risk over the last 3 months. Our philosophy towards estimating the 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 KeyCorp, which you can use to evaluate future volatility of the firm. Please exercise KeyCorp Mean Deviation of 5.89 and Risk Adjusted Performance of (0.07) to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 KeyCorp holds performance score of 3. The company secures a Beta (Market Risk) of -0.7225, which conveys that as returns on market increase, returns on owning KeyCorp are expected to decrease at a much smaller rate. During bear market, KeyCorp is likely to outperform the market. Although it is vital to follow to KeyCorp price patterns, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns. The philosophy towards estimating 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 analyzing KeyCorp technical indicators you can presently evaluate if the expected return of 0.3389% will be sustainable into the future. Please exercises KeyCorp Treynor Ratio, Expected Short fall as well as the relationship between Expected Short fall and Day Median Price to make a quick decision on weather KeyCorp current price movements will revert.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.03 
correlation synergy

Virtually no predictability

KeyCorp has virtually no predictability. Overlapping area represents the amount of predictability between KeyCorp time series from 7th of March 2020 to 21st of April 2020 and 21st of April 2020 to 5th of June 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 KeyCorp price movement. The serial correlation of 0.03 indicates that only 3.0% of current KeyCorp price fluctuation can be explain by its past prices.
Correlation Coefficient0.03
Spearman Rank Test-0.16
Residual Average0.0
Price Variance0.68

KeyCorp lagged returns against current returns

 Current and Lagged Values 

KeyCorp regressed lagged prices vs. current prices

 Current vs Lagged Prices 

KeyCorp Lagged Returns

 Regressed Prices 

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Please see KeyCorp Hype Analysis, KeyCorp Correlation, KeyCorp Valuation, KeyCorp Volatility as well as analyze KeyCorp Alpha and Beta and KeyCorp Performance. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page