Altaba Inc Backtested Returns
Macroaxis considers Altaba to be not too risky. Altaba Inc
secures Sharpe Ratio (or Efficiency) of -0.0678 which signifies that Altaba Inc
had -0.0678% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing 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
. Altaba Inc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Altaba Inc Risk Adjusted Performance
of 0.062146 and Mean Deviation of 1.69 to double-check risk estimate we provide. Macroaxis gives Altaba performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.2979 which signifies that as returns on market increase, returns on owning Altaba are expected to decrease at a much smaller rate. During bear market, Altaba is likely to outperform the market.. Even though it is essential to pay attention to Altaba Inc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing 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. Altaba Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Altaba Inc has expected return of -0.1351%. Please be advised to confirm Altaba Inc Jensen Alpha, Potential Upside, Skewness, as well as the relationship between Maximum Drawdown and Semi Variance to decide if Altaba Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.48) |
Modest reverse predictability
Altaba Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Altaba time series from February 22, 2018 to March 9, 2018 and March 9, 2018 to March 24, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Altaba Inc price movement. The serial correlation of -0.48 indicates that about 48.0% of current Altaba price fluctuation can be explain by its past prices. Given that Altaba Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Altaba for similar time interval.
|Correlation Coefficient|| -0.48|
|Spearman Rank Test|| 0.45|
|Price Variance|| 3.95|
|Lagged Price Variance|| 2.55|
Altaba Lagged Returns