Medtronic Plc Backtesting

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. Please see also 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

September 7, 2019
No Change 0.00  0.0 
In 3 months and 1 day
December 6, 2019
If you would invest  0.00  in Medtronic Plc on September 7, 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 Edwards Lifesciences, Digirad, Dynatronics, ENCISION INC, EDAP TMS, Electromed, and ESCALON MEDICAL. Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, cl...

Medtronic Plc Upside/Downside Indicators

Downside Deviation1.07
Information Ratio(0.009204)
Maximum Drawdown3.77
Value At Risk(1.95)
Potential Upside1.52

Medtronic Plc Market Premium Indicators

Risk Adjusted Performance0.0462
Jensen Alpha0.0107
Total Risk Alpha(0.047046)
Sortino Ratio(0.008249)
Treynor Ratio0.0812

Medtronic plc Backtested Returns

We consider Medtronic Plc very steady. Medtronic plc has Sharpe Ratio of 0.0796 which conveys that the firm had 0.0796% 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 Medtronic Plc which you can use to evaluate future volatility of the firm. Please verify Medtronic plc Risk Adjusted Performance of 0.0462, Mean Deviation of 0.7375 and Downside Deviation of 1.07 to check out if risk estimate we provide are consistent with the epected return of 0.0774%. Medtronic Plc has performance score of 5 on a scale of 0 to 100. The company secures Beta (Market Risk) of 0.704 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 0.0774% will be sustainable into the future. Medtronic plc right now secures a risk of 0.9716%. Please verify Medtronic plc Value At Risk, and the relationship between Jensen Alpha and Skewness to decide if Medtronic plc will be following its current price movements.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.52) 
correlation synergy

Good reverse predictability

Medtronic plc has good reverse predictability. Overlapping area represents the amount of predictability between Medtronic Plc time series from September 7, 2019 to October 22, 2019 and October 22, 2019 to December 6, 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 Medtronic plc price movement. The serial correlation of -0.52 indicates that about 52.0% of current Medtronic Plc price fluctuation can be explain by its past prices. Given that Medtronic plc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Medtronic Plc for similar time interval.
Correlation Coefficient-0.52
Spearman Rank Test-0.45
Residual Average0.0
Price Variance5.96

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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Please see also 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 Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.