Apple Backtesting

AAPL -- USA Stock  

USD 188.16  2.89  1.51%

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. Check also 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

January 22, 2019
No Change 0.00  0.0%
In 2 months and 1 day
March 23, 2019
If you would invest  0.00  in Apple on January 22, 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 60 days. Apple is related to or competes with Fabrinet, Hamilton Beach, LG Display, Emerson Radio, GoPro, iRobot, and Kyocera Corp. Apple Inc. designs, manufactures, and markets mobile communication and media devices, and personal computers

Apple Upside/Downside Indicators

Downside Deviation1.15
Information Ratio0.2361
Maximum Drawdown8.73
Value At Risk(1.90)
Potential Upside3.46

Apple Market Premium Indicators

Risk Adjusted Performance0.2069
Jensen Alpha0.3507
Total Risk Alpha0.3042
Sortino Ratio0.3378
Treynor Ratio0.2866

Apple Backtested Returns

Macroaxis considers Apple very steady given 2 months investment horizon. Apple secures Sharpe Ratio (or Efficiency) of 0.3268 which signifies that the organization had 0.3268% of return per unit of risk over the last 2 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. By analyzing Apple technical indicators you can presently evaluate if the expected return of 0.5256% is justified by implied risk. Please makes use of Apple Downside Deviation of 1.15, Mean Deviation of 1.12 and Risk Adjusted Performance of 0.2069 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Apple holds performance score of 21. The firm shows Beta (market volatility) of 1.5792 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Apple will likely underperform. 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. We have found twenty-one technical indicators for Apple which you can use to evaluate performance of the firm. 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 0.57 
correlation synergy

Modest predictability

Apple has modest predictability. Overlapping area represents the amount of predictability between Apple time series from January 22, 2019 to February 21, 2019 and February 21, 2019 to March 23, 2019. 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 0.57 indicates that roughly 57.0% of current Apple price fluctuation can be explain by its past prices.
Correlation Coefficient0.57
Spearman Rank Test0.62
Residual Average0.0
Price Variance47.24

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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Apple Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Apple and Fabrinet. 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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Check also Apple Hype Analysis, Apple Correlation, Apple Valuation, Apple Volatility as well as analyze Apple Alpha and Beta and Apple Performance. Please also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.