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Phoenix New Backtesting

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FENG -- USA Stock  

USD 1.97  0.03  1.55%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Phoenix New Media Limited and determine expected loss or profit from investing in Phoenix New over given investment horizon. Please check Phoenix New Hype Analysis, Phoenix New Correlation, Phoenix New Valuation, Phoenix New Volatility as well as analyze Phoenix New Alpha and Beta and Phoenix New Performance.
SymbolX
Backtest

Phoenix New 'What if' Analysis

November 24, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
February 22, 2020
0.00
If you would invest  0.00  in Phoenix New on November 24, 2019 and sell it all today you would earn a total of 0.00 from holding Phoenix New Media Limited or generate 0.0% return on investment in Phoenix New over 90 days. Phoenix New is related to or competes with Facebook, IQIYI, Jianpu Technology, Douyu International, EverQuote, IACInterActiveCorp, and Spark Networks. Phoenix New Media Limited provides content on an integrated Internet platform in the Peoples Republic of China

Phoenix New Upside/Downside Indicators

Information Ratio(0.13)
Maximum Drawdown42.11
Value At Risk(4.03)
Potential Upside3.38

Phoenix New Market Premium Indicators

Risk Adjusted Performance(0.09)
Jensen Alpha(0.64)
Total Risk Alpha(1.00)
Treynor Ratio(2.42)

Phoenix New Media Backtested Returns

Macroaxis considers Phoenix New to be abnormally volatile. Phoenix New Media maintains Sharpe Ratio (i.e. Efficiency) of -0.1306 which implies the corporation had -0.1306% of return per unit of risk over the last 3 months. Macroaxis philosophy towards forecasting 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. Phoenix New Media exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Phoenix New Media Coefficient Of Variation of (827.88) and Risk Adjusted Performance of (0.09) to confirm risk estimate we provide. The organization holds Beta of 0.2589 which implies as returns on market increase, Phoenix New returns are expected to increase less than the market. However during bear market, the loss on holding Phoenix New will be expected to be smaller as well. Even though it is essential to pay attention to Phoenix New Media current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting 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. Phoenix New Media exposes twenty-one different technical indicators which can help you to evaluate its performance. Phoenix New Media has expected return of -0.683%. Please be advised to check Phoenix New Media Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Phoenix New Media past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.56 
correlation synergy

Modest predictability

Phoenix New Media Limited has modest predictability. Overlapping area represents the amount of predictability between Phoenix New time series from November 24, 2019 to January 8, 2020 and January 8, 2020 to February 22, 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 Phoenix New Media price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Phoenix New price fluctuation can be explain by its past prices.
Correlation Coefficient0.56
Spearman Rank Test0.41
Residual Average0.0
Price Variance0.0

Phoenix New Media lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Phoenix New regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Phoenix New Lagged Returns

 Regressed Prices 
    
  Timeline 

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Please check Phoenix New Hype Analysis, Phoenix New Correlation, Phoenix New Valuation, Phoenix New Volatility as well as analyze Phoenix New Alpha and Beta and Phoenix New Performance. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.