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DOW Backtesting

DOW
DJI -- USA Index  

 25,151  615.18  2.39%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of DOW and determine expected loss or profit from investing in DOW over given investment horizon. Check out DOW Hype Analysis, DOW Correlation, Portfolio Optimization, DOW Volatility as well as analyze DOW Alpha and Beta and DOW Performance.
Symbol
Backtest

DOW 'What if' Analysis

0.00
11/30/2019
No Change 0.00  0.0 
In 3 months and 1 day
02/28/2020
0.00
If you would invest  0.00  in DOW on November 30, 2019 and sell it all today you would earn a total of 0.00 from holding DOW or generate 0.0% return on investment in DOW over 90 days. DOW is related to or competes with SK Innovation, Microsoft, Apple, Alphabet, Amazon Com, Berkshire Hathaway, and Facebook.

DOW Upside/Downside Indicators

Maximum Drawdown5.84
Value At Risk(3.13)
Potential Upside1.22

DOW Market Premium Indicators

Risk Adjusted Performance(0.13)

DOW Backtested Returns

DOW secures Sharpe Ratio (or Efficiency) of -0.1311 which denotes the index had -0.1311% of return per unit of volatility over the last 3 months. Macroaxis approach towards predicting risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. DOW exposes twenty-seven different technical indicators which can help you to evaluate volatility that cannot be diversified away. The organization shows Beta (market volatility) of 0.0, which denotes to the fact that the returns on MARKET and DOW are completely uncorrelated. Even though it is essential to pay attention to DOW historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach towards predicting future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. DOW exposes twenty-seven different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.19) 
correlation synergy

Insignificant reverse predictability

DOW has insignificant reverse predictability. Overlapping area represents the amount of predictability between DOW time series from November 30, 2019 to January 14, 2020 and January 14, 2020 to February 28, 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 DOW price movement. The serial correlation of -0.19 indicates that over 19.0% of current DOW price fluctuation can be explain by its past prices. Given that DOW has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of DOW for similar time interval.
Correlation Coefficient-0.19
Spearman Rank Test0.06
Residual Average0.0
Price Variance279094.53

DOW lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

DOW regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

DOW Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - DJI

DOW Investor Sentiment

Most of Macroaxis investors are at this time bullish on DOW. What is your opinion about investing in USA companies? Are you bullish or bearish on DOW?
Bullish
Bearish
98% Bullish
2% Bearish
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Check out DOW Hype Analysis, DOW Correlation, Portfolio Optimization, DOW Volatility as well as analyze DOW Alpha and Beta and DOW Performance. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.