ATX (Austria) Backtesting

ATX -- Austria Index  

 3,052  19.39  0.64%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ATX and determine expected loss or profit from investing in ATX over given investment horizon. See also ATX Hype Analysis, ATX Correlation, Portfolio Optimization, ATX Volatility as well as analyze ATX Alpha and Beta and ATX Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

ATX 'What if' Analysis

June 19, 2019
0.00
No Change 0.00  0.0%
In 2 months and 31 days
September 17, 2019
0.00
If you would invest  0.00  in ATX on June 19, 2019 and sell it all today you would earn a total of 0.00 from holding ATX or generate 0.0% return on investment in ATX over 90 days.

ATX Upside/Downside Indicators

Downside Deviation0.8994
Information Ratio0.0267
Maximum Drawdown4.25
Value At Risk(1.54)
Potential Upside1.22

ATX Market Premium Indicators

Risk Adjusted Performance0.0539
Total Risk Alpha0.0235
Sortino Ratio0.0257

ATX Backtested Returns

ATX secures Sharpe Ratio (or Efficiency) of 0.075 which signifies that the index had 0.075% of return per unit of volatility over the last 3 months. Our approach towards foreseeing volatility of an index is to use all available market data together with index specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for ATX which you can use to evaluate future volatility of the entity. The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and ATX are completely uncorrelated. Although it is extremely important to respect ATX historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach towards foreseeing future performance of any index is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing ATX technical indicators you can now evaluate if the expected return of 0.0672% will be sustainable into the future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.14 
correlation synergy

Insignificant predictability

ATX has insignificant predictability. Overlapping area represents the amount of predictability between ATX time series from June 19, 2019 to August 3, 2019 and August 3, 2019 to September 17, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ATX price movement. The serial correlation of 0.14 indicates that less than 14.0% of current ATX price fluctuation can be explain by its past prices.
Correlation Coefficient0.14
Spearman Rank Test0.3
Residual Average0.0
Price Variance3529.01

ATX lagged returns against current returns

 Current and Lagged Values 
      Timeline 

ATX regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

ATX Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - ATX

ATX Investor Sentiment

Most of Macroaxis investors are at this time bullish on ATX. What is your sentiment towards investing in Austria companies? Are you bullish or bearish on ATX?
Bullish
Bearish
98% Bullish
2% Bearish
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See also ATX Hype Analysis, ATX Correlation, Portfolio Optimization, ATX Volatility as well as analyze ATX Alpha and Beta and ATX Performance. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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