Apple Backtesting

AAPL -- USA Stock  

USD 193.89  1.15  0.60%

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
SymbolX
Backtest

Apple 'What if' Analysis

April 18, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
June 17, 2019
0.00
If you would invest  0.00  in Apple on April 18, 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 Eastman Kodak. Apple Inc. designs, manufactures, and markets mobile communication and media devices, and personal computers

Apple Upside/Downside Indicators

Maximum Drawdown9.61
Value At Risk(2.70)
Potential Upside2.66

Apple Market Premium Indicators

Risk Adjusted Performance0.01

Apple Backtested Returns

Macroaxis considers Apple to be very steady. Apple secures Sharpe Ratio (or Efficiency) of -0.0585 which signifies that the organization had -0.0585% of return per unit of risk over the last 2 months. 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. Apple exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Apple Risk Adjusted Performance of 0.01 and Mean Deviation of 1.32 to double-check risk estimate we provide. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Apple are completely uncorrelated. Even though it is essential to pay attention to Apple 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. Apple exposes twenty-one different technical indicators which can help you to evaluate its performance. Apple has expected return of -0.1062%. Please be advised to confirm Apple Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Apple past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.84) 
correlation synergy

Excellent reverse predictability

Apple has excellent reverse predictability. Overlapping area represents the amount of predictability between Apple time series from April 18, 2019 to May 18, 2019 and May 18, 2019 to June 17, 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 -0.84 indicates that around 84.0% of current Apple price fluctuation can be explain by its past prices. Given that Apple has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Apple for similar time interval.
Correlation Coefficient-0.84
Spearman Rank Test-0.18
Residual Average0.0
Price Variance49.01

Apple lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Apple regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Apple Lagged Returns

 Regressed Prices 
      Timeline 

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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 Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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