Altaba Performance

Altaba Inc -- USA Stock  

USD 78.07  5.07  6.95%

Macroaxis gives Altaba performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.2979 which signifies that as returns on market increase, returns on owning Altaba are expected to decrease at a much smaller rate. During bear market, Altaba is likely to outperform the market.. Even though it is essential to pay attention to Altaba Inc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards 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. Altaba Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Altaba Inc has expected return of -0.1351%. Please be advised to confirm Altaba Inc Jensen Alpha, Potential Upside, Skewness, as well as the relationship between Maximum Drawdown and Semi Variance to decide if Altaba Inc past performance will be repeated at some point in the near future.
 Time Horizon     30 Days    Login   to change

Altaba Inc Relative Risk vs. Return Landscape

If you would invest  7,552  in Altaba Inc on February 22, 2018 and sell it today you would lose (252.00)  from holding Altaba Inc or give up 3.34% of portfolio value over 30 days. Altaba Inc is currenly does not generate positive expected returns and assumes 1.9924% risk (volatility on return distribution) over the 30 days horizon. In different words, 18% of equities are less volatile than Altaba Inc and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 30 days, Altaba Inc is expected to generate 1.83 times more return on investment than the market. However, the company is 1.83 times more volatile than its market benchmark. It trades about -0.07 of its potential returns per unit of risk. The DOW is currently generating roughly -0.15 per unit of risk.

Altaba Daily Price Distribution

The median price of Altaba for the period between Thu, Feb 22, 2018 and Sat, Mar 24, 2018 is 76.13 with a coefficient of variation of 2.71. The daily time series for the period is distributed with a sample standard deviation of 2.07, arithmetic mean of 76.29, and mean deviation of 1.7. The Stock received some media coverage during the period.

Risk-Adjusted Performance

Over the last 30 days Altaba Inc has generated negative risk-adjusted returns adding no value to investors with long positions.

One Month Efficiency

Altaba Sharpe Ratio = -0.0678
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Estimated Market Risk

  actual daily
 82 %
of total potential

Expected Return

  actual daily
 1 %
of total potential

Risk-Adjusted Return

  actual daily
 1 %
of total potential
Based on monthly moving average Altaba is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Altaba by adding it to a well-diversified portfolio.