Welltower Backtesting

WELL -- 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 Welltower and determine expected loss or profit from investing in Welltower over given investment horizon. See also Welltower Hype Analysis, Welltower Correlation, Welltower Valuation, Welltower Volatility as well as analyze Welltower Alpha and Beta and Welltower Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Welltower 'What if' Analysis

August 20, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
November 18, 2019
0.00
If you would invest  0.00  in Welltower on August 20, 2019 and sell it all today you would earn a total of 0.00 from holding Welltower or generate 0.0% return on investment in Welltower over 90 days. Welltower is related to or competes with VEDANTA, Berkshire Hathaway, Apple, Microsoft, Berkshire Hathaway, Amazon Com, and Alibaba Group. , an SP 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure

Welltower Upside/Downside Indicators

Information Ratio(0.16)
Maximum Drawdown6.25
Value At Risk(2.22)
Potential Upside1.73

Welltower Market Premium Indicators

Risk Adjusted Performance(0.03388)
Jensen Alpha(0.07)
Total Risk Alpha(0.26)
Treynor Ratio1.83

Welltower Backtested Returns

Macroaxis considers Welltower to be very steady. Welltower shows Sharpe Ratio of -0.0497 which attests that the company had -0.0497% 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. Welltower exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Welltower Mean Deviation of 0.8809 and Market Risk Adjusted Performance of 1.84 to validate risk estimate we provide. The firm maintains market beta of -0.0396 which attests that as returns on market increase, returns on owning Welltower are expected to decrease at a much smaller rate. During bear market, Welltower is likely to outperform the market. Even though it is essential to pay attention to Welltower 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. Welltower exposes twenty-one different technical indicators which can help you to evaluate its performance. Welltower has expected return of -0.0592%. Please be advised to check out Welltower Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Welltower 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

Very weak reverse predictability

Welltower has very weak reverse predictability. Overlapping area represents the amount of predictability between Welltower 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 Welltower price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Welltower price fluctuation can be explain by its past prices. Given that Welltower has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Welltower for similar time interval.
Correlation Coefficient-0.09
Spearman Rank Test-0.22
Residual Average0.0
Price Variance12.17

Welltower lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Welltower regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Welltower Lagged Returns

 Regressed Prices 
      Timeline 

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See also Welltower Hype Analysis, Welltower Correlation, Welltower Valuation, Welltower Volatility as well as analyze Welltower Alpha and Beta and Welltower Performance. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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