Apple Backtesting

<div class='logoBackup' style='background:#000000;color: white;font-size:3em;;'>AAP</div>
AAPL -- USA Stock  

Buyout Trend

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

Apple 'What if' Analysis

October 20, 2019
No Change 0.00  0.0 
In 3 months and 1 day
January 18, 2020
If you would invest  0.00  in Apple on October 20, 2019 and sell it all today you would earn a total of 0.00 from holding Apple or generate 0.0% return on investment in Apple over 90 days. Apple is related to or competes with KYOCERA CORP, LG Display, Mohawk Group, GoPro, Emerson Radio, Turtle Beach, and IRobot. Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories world...

Apple Upside/Downside Indicators

Downside Deviation0.9667
Information Ratio0.3026
Maximum Drawdown4.62
Value At Risk(1.35)
Potential Upside2.14

Apple Market Premium Indicators

Risk Adjusted Performance0.2129
Jensen Alpha0.334
Total Risk Alpha0.1525
Sortino Ratio0.3378
Treynor Ratio0.4894

Apple Backtested Returns

Macroaxis considers Apple very steady given 3 months investment horizon. Apple secures Sharpe Ratio (or Efficiency) of 0.4151 which signifies that the organization had 0.4151% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Apple which you can use to evaluate future volatility of the firm. Please makes use of Apple Risk Adjusted Performance of 0.2129, Mean Deviation of 0.8728 and Downside Deviation of 0.9667 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Apple holds performance score of 28. The firm shows Beta (market volatility) of 0.9453 which signifies that Apple returns are very sensitive to returns on the market. as market goes up or down, Apple is expected to follow. Although it is vital to follow to Apple historical returns, it is good to be conservative about what you can actually do with the information regarding 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 Apple technical indicators you can presently evaluate if the expected return of 0.4538% will be sustainable into the future. Please makes use of Apple Jensen Alpha as well as the relationship between Potential Upside and Skewness to make a quick decision on weather Apple price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.88 
correlation synergy

Very good predictability

Apple has very good predictability. Overlapping area represents the amount of predictability between Apple time series from October 20, 2019 to December 4, 2019 and December 4, 2019 to January 18, 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 Apple price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Apple price fluctuation can be explain by its past prices.
Correlation Coefficient0.88
Spearman Rank Test0.9
Residual Average0.0
Price Variance282.19

Apple lagged returns against current returns

 Current and Lagged Values 

Apple regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Apple Lagged Returns

 Regressed Prices 

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Positions Ratings

Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
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Apple Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Apple and KYOCERA CORP. 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
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Please continue to Apple Hype Analysis, Apple Correlation, Apple Valuation, Apple Volatility as well as analyze Apple Alpha and Beta and Apple Performance. Please also try Premium Stories module to follow macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.