Square Backtesting

SQ -- USA Stock  

  Tech Boost

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Square and determine expected loss or profit from investing in Square over given investment horizon. Also please take a look at Square Hype Analysis, Square Correlation, Square Valuation, Square Volatility as well as analyze Square Alpha and Beta and Square Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Square 'What if' Analysis

August 15, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
November 13, 2019
0.00
If you would invest  0.00  in Square on August 15, 2019 and sell it all today you would earn a total of 0.00 from holding Square or generate 0.0% return on investment in Square over 90 days. Square is related to or competes with Adobe, Autodesk, Intuit, Noble Vici, S A P, Atlassian Plc, and Salesforce. Square, Inc. provides payment and point-of-sale solutions in the United States and internationally

Square Upside/Downside Indicators

Information Ratio(0.047617)
Maximum Drawdown9.28
Value At Risk(3.53)
Potential Upside3.91

Square Market Premium Indicators

Risk Adjusted Performance7.0E-4
Jensen Alpha(0.12)
Total Risk Alpha(0.22)
Treynor Ratio(0.019)

Square Backtested Returns

We consider Square very steady. Square owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0048 which indicates the firm had 0.0048% of return per unit of risk over the last 3 months. Our philosophy towards measuring 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 Square which you can use to evaluate future volatility of the company. Please validate Square Coefficient Of Variation of (15,370) and Risk Adjusted Performance of 7.0E-4 to confirm if risk estimate we provide are consistent with the epected return of 0.0102%. The entity has beta of 1.2572 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Square will likely underperform. Although it is extremely important to respect Square current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring 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 inspecting Square technical indicators you can presently evaluate if the expected return of 0.0102% will be sustainable into the future. Square right now has a risk of 2.1466%. Please validate Square Jensen Alpha and Semi Variance to decide if Square will be following its existing price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.14) 
correlation synergy

Insignificant reverse predictability

Square has insignificant reverse predictability. Overlapping area represents the amount of predictability between Square time series from August 15, 2019 to September 29, 2019 and September 29, 2019 to November 13, 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 Square price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Square price fluctuation can be explain by its past prices. Given that Square has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Square for similar time interval.
Correlation Coefficient-0.14
Spearman Rank Test0.02
Residual Average0.0
Price Variance1.68

Square lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Square regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Square Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - SQ

Square Investor Sentiment

Larger part of Macroaxis users are at this time bullish on Square. What is your outlook on investing in Square? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Also please take a look at Square Hype Analysis, Square Correlation, Square Valuation, Square Volatility as well as analyze Square Alpha and Beta and Square Performance. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.
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