Apple Backtesting

AAPL -- USA Stock  

USD 172.10  1.04  0.61%

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

December 24, 2018
No Change 0.00  0.0%
In 2 months and 2 days
February 22, 2019
If you would invest  0.00  in Apple on December 24, 2018 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 Deviation2.89
Information Ratio(0.024254)
Maximum Drawdown19.92
Value At Risk(2.66)
Potential Upside4.27

Apple Market Premium Indicators

Risk Adjusted Performance0.1131
Jensen Alpha(0.16)
Total Risk Alpha(0.22)
Sortino Ratio(0.023981)
Treynor Ratio0.1221

Apple Backtested Returns

Macroaxis considers Apple not too risky given 2 months investment horizon. Apple secures Sharpe Ratio (or Efficiency) of 0.1497 which signifies that the organization had 0.1497% 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. We have found twenty-eight technical indicators for Apple which you can use to evaluate future volatility of the firm. Please makes use of Apple Mean Deviation of 1.73, Risk Adjusted Performance of 0.1131 and Downside Deviation of 2.89 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Apple holds performance score of 9. The firm shows Beta (market volatility) of 1.386 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. By analyzing Apple technical indicators you can presently evaluate if the expected return of 0.4165% will be sustainable into the future. Please makes use of Apple Sortino Ratio, Skewness, Price Action Indicator, as well as the relationship between Potential Upside and Rate Of Daily Change to make a quick decision on weather Apple price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.11 
correlation synergy

Insignificant predictability

Apple has insignificant predictability. Overlapping area represents the amount of predictability between Apple time series from December 24, 2018 to January 23, 2019 and January 23, 2019 to February 22, 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 0.11 indicates that less than 11.0% of current Apple price fluctuation can be explain by its past prices.
Correlation Coefficient0.11
Spearman Rank Test0.35
Residual Average0.0
Price Variance45.69

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 

Current Sentiment - AAPL

Apple Investor Sentiment

Majority of Macroaxis users are presently bullish on Apple. What is your sentiment towards investing in Apple? Are you bullish or bearish?
98% Bullish
2% Bearish

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
Run Pair Correlation  
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 Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.