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ATT Backtesting

<div class='circular--portrait' style='background:#8A0CCF;color: white;font-size:3em;padding-top: 40px;;'>ATT</div>
T -- USA Stock  

Trending

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ATT and determine expected loss or profit from investing in ATT over given investment horizon. Additionally, take a look at ATT Hype Analysis, ATT Correlation, ATT Valuation, ATT Volatility as well as analyze ATT Alpha and Beta and ATT Performance.
Symbol
Backtest

ATT 'What if' Analysis

0.00
11/28/2019
No Change 0.00  0.0 
In 3 months and 1 day
02/26/2020
0.00
If you would invest  0.00  in ATT on November 28, 2019 and sell it all today you would earn a total of 0.00 from holding ATT or generate 0.0% return on investment in ATT over 90 days. ATT is related to or competes with T Mobile, Verizon Communications, SolarEdge Technologies, Liberty Broadband, Zayo Group, and SBA Communications. ATT Inc. provides telecommunication, media, and technology services worldwide

ATT Upside/Downside Indicators

Downside Deviation1.11
Information Ratio0.052
Maximum Drawdown5.43
Value At Risk(1.45)
Potential Upside1.35

ATT Market Premium Indicators

Risk Adjusted Performance0.011
Jensen Alpha0.0126
Total Risk Alpha0.0434
Sortino Ratio0.0423
Treynor Ratio0.0038

ATT Backtested Returns

Macroaxis considers ATT to be very steady. ATT secures Sharpe Ratio (or Efficiency) of -0.0091 which signifies that the organization had -0.0091% of return per unit of risk over the last 3 months. Macroaxis philosophy in 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. ATT exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ATT Mean Deviation of 0.6382 and Risk Adjusted Performance of 0.011 to double-check risk estimate we provide. The firm shows Beta (market volatility) of 0.2521, which signifies that as returns on market increase, ATT returns are expected to increase less than the market. However during bear market, the loss on holding ATT will be expected to be smaller as well. Even though it is essential to pay attention to ATT historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in 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. ATT exposes twenty-eight different technical indicators, which can help you to evaluate its performance. ATT has an expected return of -0.0083%. Please be advised to confirm ATT Sortino Ratio, Semi Variance as well as the relationship between Semi Variance and Rate Of Daily Change to decide if ATT stock performance from the past will be repeated at future time.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.12) 
correlation synergy

Insignificant reverse predictability

ATT has insignificant reverse predictability. Overlapping area represents the amount of predictability between ATT time series from November 28, 2019 to January 12, 2020 and January 12, 2020 to February 26, 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 ATT price movement. The serial correlation of -0.12 indicates that less than 12.0% of current ATT price fluctuation can be explain by its past prices. Given that ATT has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ATT for similar time interval.
Correlation Coefficient-0.12
Spearman Rank Test-0.12
Residual Average0.0
Price Variance0.21

ATT lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

ATT regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

ATT Lagged Returns

 Regressed Prices 
    
  Timeline 

Current Sentiment - T

ATT Investor Sentiment

Most of Macroaxis users are at this time bullish on ATT. What is your sentiment towards investing in ATT? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally, take a look at ATT Hype Analysis, ATT Correlation, ATT Valuation, ATT Volatility as well as analyze ATT Alpha and Beta and ATT Performance. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.