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SNOWBALL VALUE (Spain) Backtesting

SN
S3983 -- Spain Fund  

EUR 0.92  0.0336  3.79%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of SNOWBALL VALUE SICAV S A and determine expected loss or profit from investing in SNOWBALL VALUE over given investment horizon. Additionally, take a look at SNOWBALL VALUE Hype Analysis, SNOWBALL VALUE Correlation, Portfolio Optimization, SNOWBALL VALUE Volatility as well as analyze SNOWBALL VALUE Alpha and Beta and SNOWBALL VALUE Performance.
Symbol
Backtest

SNOWBALL VALUE 'What if' Analysis

0.00
01/04/2020
No Change 0.00  0.0 
In 3 months and 1 day
04/03/2020
0.00
If you would invest  0.00  in SNOWBALL VALUE on January 4, 2020 and sell it all today you would earn a total of 0.00 from holding SNOWBALL VALUE SICAV S A or generate 0.0% return on investment in SNOWBALL VALUE over 90 days. SNOWBALL VALUE is related to or competes with ACCIONES TAUTIRA, IRVING INVEST, ASCENDO INVERSIONES, PELAMIOS CAPITAL, ACCIONES ASTANES, and LASCONI INVERSIONES.

SNOWBALL VALUE Upside/Downside Indicators

Information Ratio(0.07)
Maximum Drawdown37.2
Value At Risk(18.07)
Potential Upside4.14

SNOWBALL VALUE Market Premium Indicators

Risk Adjusted Performance(0.39)
Jensen Alpha(1.10)
Total Risk Alpha(0.08)
Treynor Ratio28.84

SNOWBALL VALUE SICAV Backtested Returns

Macroaxis considers SNOWBALL VALUE to be out of control. SNOWBALL VALUE SICAV owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1662, which indicates the organization had -0.1662% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy towards measuring risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. SNOWBALL VALUE SICAV S A exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SNOWBALL VALUE Coefficient Of Variation of (950.18) and Risk Adjusted Performance of (0.39) to confirm the risk estimate we provide. The entity has a beta of -0.0375, which indicates as returns on market increase, returns on owning SNOWBALL VALUE are expected to decrease at a much smaller rate. During bear market, SNOWBALL VALUE is likely to outperform the market. Even though it is essential to pay attention to SNOWBALL VALUE SICAV current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. SNOWBALL VALUE SICAV S A exposes twenty-one different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.07) 
correlation synergy

Very weak reverse predictability

SNOWBALL VALUE SICAV S A has very weak reverse predictability. Overlapping area represents the amount of predictability between SNOWBALL VALUE time series from 4th of January 2020 to 18th of February 2020 and 18th of February 2020 to 3rd of April 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 SNOWBALL VALUE SICAV price movement. The serial correlation of -0.07 indicates that barely 7.0% of current SNOWBALL VALUE price fluctuation can be explain by its past prices. Given that SNOWBALL VALUE SICAV S A has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of SNOWBALL VALUE for similar time interval.
Correlation Coefficient-0.07
Spearman Rank Test-0.4
Residual Average0.0
Price Variance0.06

SNOWBALL VALUE SICAV lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

SNOWBALL VALUE regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

SNOWBALL VALUE Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - S3983

SNOWBALL VALUE SICAV Investor Sentiment

Macroaxis portfolio users are evenly split in their outlook on investing in SNOWBALL VALUE SICAV S A. What is your outlook on investing in SNOWBALL VALUE SICAV S A? Are you bullish or bearish?
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Bearish
50% Bullish
50% Bearish
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Additionally, take a look at SNOWBALL VALUE Hype Analysis, SNOWBALL VALUE Correlation, Portfolio Optimization, SNOWBALL VALUE Volatility as well as analyze SNOWBALL VALUE Alpha and Beta and SNOWBALL VALUE Performance. Please also try ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.
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