Visa Backtesting

V -- USA Stock  


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

Visa 'What if' Analysis

September 8, 2019
No Change 0.00  0.0 
In 3 months and 1 day
December 7, 2019
If you would invest  0.00  in Visa on September 8, 2019 and sell it all today you would earn a total of 0.00 from holding Visa or generate 0.0% return on investment in Visa over 90 days. Visa is related to or competes with BrightView Holdings, Verisk Analytics, 58 Com, Emerald Expositions, Fiverr International, and R R. Visa Inc. operates as a payments technology company worldwide

Visa Upside/Downside Indicators

Information Ratio(0.08)
Maximum Drawdown4.96
Value At Risk(2.26)
Potential Upside1.73

Visa Market Premium Indicators

Risk Adjusted Performance(0.003147)
Jensen Alpha(0.07)
Total Risk Alpha(0.14)
Treynor Ratio(0.033449)

Visa Backtested Returns

We consider Visa very steady. Visa owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0102 which indicates the firm had 0.0102% 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 Visa which you can use to evaluate future volatility of the company. Please validate Visa Risk Adjusted Performance of (0.003147) and Coefficient Of Variation of (7,708) to confirm if risk estimate we provide are consistent with the epected return of 0.0113%. The entity has beta of 0.74 which indicates as returns on market increase, Visa returns are expected to increase less than the market. However during bear market, the loss on holding Visa will be expected to be smaller as well. Although it is extremely important to respect Visa 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 Visa technical indicators you can presently evaluate if the expected return of 0.0113% will be sustainable into the future. Visa right now has a risk of 1.1086%. Please validate Visa Value At Risk as well as the relationship between Semi Variance and Kurtosis to decide if Visa will be following its existing price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.15) 
correlation synergy

Insignificant reverse predictability

Visa has insignificant reverse predictability. Overlapping area represents the amount of predictability between Visa time series from September 8, 2019 to October 23, 2019 and October 23, 2019 to December 7, 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 Visa price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Visa price fluctuation can be explain by its past prices. Given that Visa has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Visa for similar time interval.
Correlation Coefficient-0.15
Spearman Rank Test-0.12
Residual Average0.0
Price Variance6.35

Visa lagged returns against current returns

 Current and Lagged Values 

Visa regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Visa Lagged Returns

 Regressed Prices 

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Also please take a look at Visa Hype Analysis, Visa Correlation, Visa Valuation, Visa Volatility as well as analyze Visa Alpha and Beta and Visa Performance. Please also try Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.