Phoenix New Backtesting

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Stock Phoenix New Media Limited
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FENG -- USA Stock  

USD 1.97  0.02  1.00%

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. Plese 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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Phoenix New 'What if' Analysis

October 26, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
January 24, 2020
0.00
If you would invest  0.00  in Phoenix New on October 26, 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(0.042834)
Maximum Drawdown48.55
Value At Risk(3.02)
Potential Upside5.81

Phoenix New Market Premium Indicators

Risk Adjusted Performance(0.00011784)
Jensen Alpha(0.03781)
Total Risk Alpha(1.46)
Treynor Ratio0.1751

Phoenix New Media Backtested Returns

Macroaxis considers Phoenix New to be abnormally volatile. Phoenix New Media maintains Sharpe Ratio (i.e. Efficiency) of -0.0688 which implies the corporation had -0.0688% 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-seven different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Phoenix New Media Risk Adjusted Performance of (0.00011784) and Coefficient Of Variation of (5,159) to confirm risk estimate we provide. The organization holds Beta of -0.6607 which implies as returns on market increase, returns on owning Phoenix New are expected to decrease at a much smaller rate. During bear market, Phoenix New is likely to outperform the market. 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-seven different technical indicators which can help you to evaluate its performance. Phoenix New Media has expected return of -0.3729%. Please be advised to check Phoenix New Media Potential Upside, and the relationship between Sortino Ratio 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(0.52) 
correlation synergy

Good reverse predictability

Phoenix New Media Limited has good reverse predictability. Overlapping area represents the amount of predictability between Phoenix New time series from October 26, 2019 to December 10, 2019 and December 10, 2019 to January 24, 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 -0.52 indicates that about 52.0% of current Phoenix New price fluctuation can be explain by its past prices. Given that Phoenix New Media Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Phoenix New for similar time interval.
Correlation Coefficient-0.52
Spearman Rank Test-0.31
Residual Average0.0
Price Variance0.19

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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Plese 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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