Altaba Backtesting

AABA -- USA Stock  

USD 81.11  0.94  1.17%

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

Altaba 'What if' Analysis

May 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 20, 2018
0.00
If you would invest  0.00  in Altaba on May 21, 2018 and sell it all today you would earn a total of 0.00 from holding Altaba or generate 0.0% return on investment in Altaba over 30 days. Altaba is related to or competes with Digimarc, Dell Technologies, Violin Memory, Verint Systems, Ebix, Electronics for, and ECHELON CORP. Altaba Inc. operates as a non-diversified, closed-end management investment company in the United States

Altaba Upside/Downside Indicators

Downside Deviation0.9852
Information Ratio0.2343
Maximum Drawdown4.12
Value At Risk1.09
Potential Upside1.89
  

Altaba Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.2441

Altaba Backtested Returns

Macroaxis considers Altaba not too risky given 1 month investment horizon. Altaba secures Sharpe Ratio (or Efficiency) of 0.2321 which signifies that Altaba had 0.2321% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Altaba which you can use to evaluate future volatility of the firm. Please makes use of Altaba Downside Deviation of 0.9852, Risk Adjusted Performance of 0.01 and Mean Deviation of 0.7808 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Altaba holds performance score of 15. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Altaba are completely uncorrelated. Although it is extremely important to respect Altaba historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing 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 analyzing Altaba technical indicators you can presently evaluate if the expected return of 0.2376% will be sustainable into the future. Please makes use of Altaba Jensen Alpha, Potential Upside, Skewness, as well as the relationship between Maximum Drawdown and Semi Variance to make a quick decision on weather Altaba price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.18 

Very weak predictability

Altaba has very weak predictability. Overlapping area represents the amount of predictability between Altaba time series from May 21, 2018 to June 5, 2018 and June 5, 2018 to June 20, 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 price movement. The serial correlation of 0.18 indicates that over 18.0% of current Altaba price fluctuation can be explain by its past prices.
Correlation Coefficient 0.18
Spearman Rank Test 0.25
Price Variance 0.56
Lagged Price Variance 1.86

Altaba lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Altaba regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Altaba Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - AABA

Altaba Investor Sentiment
Most of Macroaxis users are presently bullish on Altaba. What is your sentiment towards investing in Altaba? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Altaba and Digimarc. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also Altaba Hype Analysis, Altaba Correlation, Altaba Valuation, Altaba Volatility as well as analyze Altaba Alpha and Beta and Altaba Performance. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.