ATT Backtesting

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


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.

ATT 'What if' Analysis

November 26, 2019
No Change 0.00  0.0 
In 2 months and 31 days
February 24, 2020
If you would invest  0.00  in ATT on November 26, 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 Caterpillar, T Mobile, Liberty Broadband, Telephone And, Verizon Communications, and Zayo Group. ATT Inc. provides telecommunication, media, and technology services worldwide

ATT Upside/Downside Indicators

Information Ratio(0.09)
Maximum Drawdown5.43
Value At Risk(1.75)
Potential Upside1.35

ATT Market Premium Indicators

Risk Adjusted Performance(0.025339)
Jensen Alpha(0.06)
Total Risk Alpha(0.10)
Treynor Ratio(0.24)

ATT Backtested Returns

We consider ATT very steady. ATT secures Sharpe Ratio (or Efficiency) of 0.0619 which signifies that the organization had 0.0619% of return per unit of risk over the last 3 months. Our philosophy in 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-one technical indicators for ATT which you can use to evaluate future volatility of the firm. Please confirm ATT Risk Adjusted Performance of (0.025339) and Mean Deviation of 0.6926 to double-check if risk estimate we provide are consistent with the epected return of 0.0533%. ATT has performance score of 4 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.1951 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. Although it is extremely important to respect ATT historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in 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 ATT technical indicators you can now evaluate if the expected return of 0.0533% will be sustainable into the future. ATT currently shows a risk of 0.862%. Please confirm ATT Jensen Alpha and Semi Variance to decide if ATT will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.11) 
correlation synergy

Insignificant reverse predictability

ATT has insignificant reverse predictability. Overlapping area represents the amount of predictability between ATT time series from November 26, 2019 to January 10, 2020 and January 10, 2020 to February 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 ATT price movement. The serial correlation of -0.11 indicates that less than 11.0% 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-0.11
Spearman Rank Test0.18
Residual Average0.0
Price Variance0.21

ATT lagged returns against current returns

 Current and Lagged Values 

ATT regressed lagged prices vs. current prices

 Current vs Lagged Prices 

ATT Lagged Returns

 Regressed Prices 

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?
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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.