La Quinta Backtesting

La Quinta Holdings -- USA Stock  

USD 19.71  0.10  0.51%

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

La Quinta 'What if' Analysis

February 24, 2018
No Change 0.00  0.0%
In 2 months and 2 days
April 25, 2018
If you would invest  0.00  in La Quinta on February 24, 2018 and sell it all today you would earn a total of 0.00 from holding La Quinta Holdings or generate 0.0% return on investment in La Quinta over 60 days. La Quinta is related to or competes with Hyatt Hotels, Biglari Holdings, Park Hotels, Dunkin Brands, Diamond Resorts, and N/A. La Quinta Holdings Inc. owns, operates, and franchises select-service hotels

La Quinta Upside/Downside Indicators

Downside Deviation1.12
Information Ratio0.0744
Maximum Drawdown5.26
Value At Risk1.40
Potential Upside1.4

La Quinta Market Premium Indicators

Risk Adjusted Performance0.0861
Jensen Alpha0.0535
Total Risk Alpha0.0746
Sortino Ratio0.0754
Treynor Ratio1.48

La Quinta Holdings Backtested Returns

We consider La Quinta not too volatile. La Quinta Holdings retains Efficiency (Sharpe Ratio) of 0.0847 which conveys that La Quinta Holdings had 0.0847% of return per unit of price deviation over the last 2 months. Our approach towards estimating volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for La Quinta which you can use to evaluate future volatility of the firm. Please verify La Quinta Holdings Standard Deviation of 1.14, Market Risk Adjusted Performance of 1.49 and Mean Deviation of 0.8564 to check out if risk estimate we provide are consistent with the epected return of 0.0976%. La Quinta has performance score of 5 on a scale of 0 to 100. The company owns Beta (Systematic Risk) of 0.0354 which conveys that as returns on market increase, La Quinta returns are expected to increase less than the market. However during bear market, the loss on holding La Quinta will be expected to be smaller as well.. Although it is extremely important to respect La Quinta Holdings existing price patterns, it is better to be realistic regarding the information on equity price patterns. The approach 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 reviewing La Quinta Holdings technical indicators you can at this time evaluate if the expected return of 0.0976% will be sustainable into the future. La Quinta Holdings at this moment owns a risk of 1.1521%. Please verify La Quinta Holdings Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if La Quinta Holdings will be following its current price history.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.08) 

Very weak reverse predictability

La Quinta Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between La Quinta time series from February 24, 2018 to March 26, 2018 and March 26, 2018 to April 25, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of La Quinta Holdings price movement. The serial correlation of -0.08 indicates that barely 8.0% of current La Quinta price fluctuation can be explain by its past prices. Given that La Quinta Holdings has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of La Quinta for similar time interval.
Correlation Coefficient -0.08
Spearman Rank Test 0.06
Price Variance 0.12
Lagged Price Variance 0.06

La Quinta Holdings lagged returns against current returns

 Current and Lagged Values 

La Quinta regressed lagged prices vs. current prices

 Current vs Lagged Prices 

La Quinta Lagged Returns

 Regressed Prices 

Current Sentiment - LQ

La Quinta Holdings Investor Sentiment
Larger part of Macroaxis users are now bullish on La Quinta Holdings. What is your trading attitude regarding investing in La Quinta Holdings? Are you bullish or bearish?
98% Bullish
2% Bearish

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Please see also La Quinta Hype Analysis, La Quinta Correlation, La Quinta Valuation, La Quinta Volatility as well as analyze La Quinta Alpha and Beta and La Quinta Performance. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.