Mid America Backtesting

MAA -- USA Stock  

Quarterly Earning Report: October 30, 2019  

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

Mid America 'What if' Analysis

July 17, 2019
No Change 0.00  0.0 
In 3 months and 1 day
October 15, 2019
If you would invest  0.00  in Mid America on July 17, 2019 and sell it all today you would earn a total of 0.00 from holding Mid America Apartment Communiti or generate 0.0% return on investment in Mid America over 90 days. Mid America is related to or competes with Dynex Capital, Ellington Residential, American Campus, Apartment Investment, American Homes, ARMOUR Residential, and AvalonBay Communities. MAA, an SP 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior invest...

Mid America Upside/Downside Indicators

Downside Deviation1.12
Information Ratio0.1878
Maximum Drawdown5.8
Value At Risk(1.32)
Potential Upside1.26

Mid America Market Premium Indicators

Risk Adjusted Performance0.1536
Jensen Alpha0.1533
Total Risk Alpha0.1712
Sortino Ratio0.1537
Treynor Ratio0.301

Mid America Apartment Backtested Returns

We consider Mid America very steady. Mid America Apartment has Sharpe Ratio of 0.1616 which conveys that the firm had 0.1616% of return per unit of risk over the last 3 months. Our philosophy towards estimating 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 Mid America which you can use to evaluate future volatility of the firm. Please verify Mid America Apartment Communiti Downside Deviation of 1.12, Mean Deviation of 0.6293 and Risk Adjusted Performance of 0.1536 to check out if risk estimate we provide are consistent with the epected return of 0.1521%. Mid America has performance score of 10 on a scale of 0 to 100. The company secures Beta (Market Risk) of 0.4551 which conveys that as returns on market increase, Mid America returns are expected to increase less than the market. However during bear market, the loss on holding Mid America will be expected to be smaller as well. Although it is extremely important to respect Mid America Apartment price patterns, it is better to be realistic regarding the information on 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 Mid America Apartment technical indicators you can presently evaluate if the expected return of 0.1521% will be sustainable into the future. Mid America Apartment right now secures a risk of 0.9416%. Please verify Mid America Apartment Communiti Downside Deviation, Total Risk Alpha, Value At Risk, as well as the relationship between Information Ratio and Treynor Ratio to decide if Mid America Apartment Communiti will be following its current price movements.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.88 
correlation synergy

Very good predictability

Mid America Apartment Communiti has very good predictability. Overlapping area represents the amount of predictability between Mid America 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 Mid America Apartment price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Mid America price fluctuation can be explain by its past prices.
Correlation Coefficient0.88
Spearman Rank Test0.86
Residual Average0.0
Price Variance3.1

Mid America Apartment lagged returns against current returns

 Current and Lagged Values 

Mid America regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Mid America Lagged Returns

 Regressed Prices 

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Please see also Mid America Hype Analysis, Mid America Correlation, Mid America Valuation, Mid America Volatility as well as analyze Mid America Alpha and Beta and Mid America Performance. Please also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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