Wayfair Backtesting

W -- USA Stock  

Fiscal Quarter End: December 31, 2019  

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

Wayfair 'What if' Analysis

August 20, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
November 18, 2019
0.00
If you would invest  0.00  in Wayfair on August 20, 2019 and sell it all today you would earn a total of 0.00 from holding Wayfair or generate 0.0% return on investment in Wayfair over 90 days. Wayfair is related to or competes with Amazon Com, Alibaba Group, JD Com, EBay Inc, MercadoLibre, Best Buy, and Nitori Holdings. Wayfair Inc. engages in the e-commerce business in the United States, Europe, and internationally

Wayfair Upside/Downside Indicators

Information Ratio(0.11)
Maximum Drawdown26.72
Value At Risk(6.78)
Potential Upside6.16

Wayfair Market Premium Indicators

Risk Adjusted Performance(0.046739)
Jensen Alpha(0.64)
Total Risk Alpha(1.00)
Treynor Ratio(0.12)

Wayfair Backtested Returns

Macroaxis considers Wayfair to be not too volatile. Wayfair shows Sharpe Ratio of -0.0942 which attests that the company had -0.0942% of return per unit of risk over the last 3 months. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Wayfair exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Wayfair Mean Deviation of 2.69 and Market Risk Adjusted Performance of (0.11) to validate risk estimate we provide. The firm maintains market beta of 2.538 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Wayfair will likely underperform. Even though it is essential to pay attention to Wayfair historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Wayfair exposes twenty-one different technical indicators which can help you to evaluate its performance. Wayfair has expected return of -0.3759%. Please be advised to check out Wayfair Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to decide if Wayfair past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.09 
correlation synergy

Virtually no predictability

Wayfair has virtually no predictability. Overlapping area represents the amount of predictability between Wayfair time series from August 20, 2019 to October 4, 2019 and October 4, 2019 to November 18, 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 Wayfair price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Wayfair price fluctuation can be explain by its past prices.
Correlation Coefficient0.09
Spearman Rank Test-0.2
Residual Average0.0
Price Variance162.75

Wayfair lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Wayfair regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Wayfair Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - W

Wayfair Investor Sentiment

More than half of Macroaxis users are at this time bullish on Wayfair. What is your outlook on investing in Wayfair? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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See also Wayfair Hype Analysis, Wayfair Correlation, Wayfair Valuation, Wayfair Volatility as well as analyze Wayfair Alpha and Beta and Wayfair Performance. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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