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Verizon Backtesting

<div class='circular--portrait' style='background:#754DEB;color: white;font-size:4em;padding-top: 25px;;'>VZ</div>
VZ -- USA Stock  

Fiscal Quarter End: March 31, 2020  

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

Verizon Communications '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 Verizon Communications on November 28, 2019 and sell it all today you would earn a total of 0.00 from holding Verizon Communications or generate 0.0% return on investment in Verizon Communications over 90 days. Verizon Communications is related to or competes with ATT, Telephone And, Zayo Group, Liberty Broadband, SBA Communications, and T Mobile. Verizon Communications Inc. offers communications, information, and entertainment products and services to consumers, bu...

Verizon Communications Upside/Downside Indicators

Information Ratio(0.030733)
Maximum Drawdown4.66
Value At Risk(1.50)
Potential Upside0.9645

Verizon Communications Market Premium Indicators

Risk Adjusted Performance(0.08)
Jensen Alpha(0.07)
Total Risk Alpha(0.032708)
Treynor Ratio(1.22)

Verizon Communications Backtested Returns

Macroaxis considers Verizon Communications to be very steady. Verizon Communications owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0988 which indicates the firm had -0.0988% of return per unit of risk over the last 3 months. Macroaxis philosophy towards measuring 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. Verizon Communications exposes twenty-seven different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Verizon Communications Risk Adjusted Performance of (0.08) and Coefficient Of Variation of (1,340) to confirm risk estimate we provide. The entity has beta of 0.0583, which indicates as returns on market increase, Verizon Communications returns are expected to increase less than the market. However during bear market, the loss on holding Verizon Communications will be expected to be smaller as well. Even though it is essential to pay attention to Verizon Communications current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring 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. Verizon Communications exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Verizon Communications has an expected return of -0.0823%. Please be advised to validate Verizon Communications Value At Risk, Kurtosis, Market Facilitation Index, as well as the relationship between Semi Variance and Rate Of Daily Change to decide if Verizon Communications stock performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.50 
correlation synergy

Modest predictability

Verizon Communications has modest predictability. Overlapping area represents the amount of predictability between Verizon Communications 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 Verizon Communications price movement. The serial correlation of 0.5 indicates that about 50.0% of current Verizon Communications price fluctuation can be explain by its past prices.
Correlation Coefficient0.5
Spearman Rank Test0.23
Residual Average0.0
Price Variance0.73

Verizon Communications lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Verizon Communications regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Verizon Communications Lagged Returns

 Regressed Prices 
    
  Timeline 

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Also please take a look at Verizon Communications Hype Analysis, Verizon Communications Correlation, Verizon Communications Valuation, Verizon Communications Volatility as well as analyze Verizon Communications Alpha and Beta and Verizon Communications Performance. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.