Medtronic Plc Backtesting

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MDT -- USA Stock  

Fiscal Quarter End: January 31, 2020  

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

Medtronic Plc 'What if' Analysis

October 27, 2019
No Change 0.00  0.0 
In 2 months and 31 days
January 25, 2020
If you would invest  0.00  in Medtronic Plc on October 27, 2019 and sell it all today you would earn a total of 0.00 from holding Medtronic plc or generate 0.0% return on investment in Medtronic Plc over 90 days. Medtronic Plc is related to or competes with Second Sight, Edwards Lifesciences, Dynatronics, EDAP TMS, ESCALON MEDICAL, Electromed, and ENCISION INC. Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, cl...

Medtronic Plc Upside/Downside Indicators

Downside Deviation0.9005
Information Ratio0.0533
Maximum Drawdown4.34
Value At Risk(1.39)
Potential Upside1.3

Medtronic Plc Market Premium Indicators

Risk Adjusted Performance0.1003
Jensen Alpha0.1538
Total Risk Alpha(0.049968)
Sortino Ratio0.0513
Treynor Ratio1.9

Medtronic plc Backtested Returns

We consider Medtronic Plc very steady. Medtronic plc has Sharpe Ratio of 0.1867 which conveys that the firm had 0.1867% 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-one technical indicators for Medtronic Plc which you can use to evaluate future volatility of the firm. Please verify Medtronic plc Mean Deviation of 0.6636, Risk Adjusted Performance of 0.1003 and Downside Deviation of 0.9005 to check out if risk estimate we provide are consistent with the epected return of 0.1704%. Medtronic Plc has performance score of 12 on a scale of 0 to 100. The company secures Beta (Market Risk) of 0.0864 which conveys that as returns on market increase, Medtronic Plc returns are expected to increase less than the market. However during bear market, the loss on holding Medtronic Plc will be expected to be smaller as well. Although it is extremely important to respect Medtronic plc 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 Medtronic plc technical indicators you can presently evaluate if the expected return of 0.1704% will be sustainable into the future. Medtronic plc right now secures a risk of 0.9126%. Please verify Medtronic plc Variance as well as the relationship between Value At Risk and Skewness to decide if Medtronic plc will be following its current price movements.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.76 
correlation synergy

Good predictability

Medtronic plc has good predictability. Overlapping area represents the amount of predictability between Medtronic Plc time series from October 27, 2019 to December 11, 2019 and December 11, 2019 to January 25, 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 Medtronic plc price movement. The serial correlation of 0.76 indicates that around 76.0% of current Medtronic Plc price fluctuation can be explain by its past prices.
Correlation Coefficient0.76
Spearman Rank Test0.71
Residual Average0.0
Price Variance7.17

Medtronic plc lagged returns against current returns

 Current and Lagged Values 

Medtronic Plc regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Medtronic Plc Lagged Returns

 Regressed Prices 

Current Sentiment - MDT

Medtronic plc Investor Sentiment

Predominant part of Macroaxis users are now bullish on Medtronic plc. What is your trading attitude regarding investing in Medtronic plc? Are you bullish or bearish?
98% Bullish
2% Bearish

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Additionally see Medtronic Plc Hype Analysis, Medtronic Plc Correlation, Medtronic Plc Valuation, Medtronic Plc Volatility as well as analyze Medtronic Plc Alpha and Beta and Medtronic Plc Performance. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.