Altaba Backtesting

Altaba Inc -- USA Stock  

USD 78.07  5.07  6.95%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Altaba Inc 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

Altaba 'What if' Analysis

February 22, 2018
No Change 0.00  0.0%
In 30 days
March 24, 2018
If you would invest  0.00  in Altaba on February 22, 2018 and sell it all today you would earn a total of 0.00 from holding Altaba Inc or generate 0.0% return on investment in Altaba over 30 days. Altaba is related to or competes with Digimarc, VASCO Data, Datalink, Dell Technologies, Violin Memory, and Verint Systems. Altaba Inc. operates as a non-diversified, closed-end management investment company in the United States

Altaba Upside/Downside Indicators


Altaba Market Premium Indicators

Altaba Inc lagged returns against current returns

 Current and Lagged Values 

Altaba regressed lagged prices vs. current prices

 Current vs Lagged Prices 

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.
Advice Volatility Trend Exposure Correlations
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

 Regressed Prices 

Altaba Performance vs DOW

The median price of Altaba for the period between Thu, Feb 22, 2018 and Sat, Mar 24, 2018 is 76.13 with a coefficient of variation of 2.71. The daily time series for the period is distributed with a sample standard deviation of 2.07, arithmetic mean of 76.29, and mean deviation of 1.7. The Stock received some media coverage during the period.
 Price Growth (%)  
Dissecting the Numbers for Altaba Inc. and Plains All Americ...03/01/2018
Sale by Nazem Farzad of 100000 shares of Altaba03/23/2018