Madrid Gnrl (Spain) Backtesting

SMSI -- Spain Index  

 915.20  6.41  0.71%

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

Madrid Gnrl '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 Madrid Gnrl on June 19, 2019 and sell it all today you would earn a total of 0.00 from holding Madrid Gnrl or generate 0.0% return on investment in Madrid Gnrl over 90 days.

Madrid Gnrl Upside/Downside Indicators

Information Ratio(0.08)
Maximum Drawdown3.72
Value At Risk(1.33)
Potential Upside1.3

Madrid Gnrl Market Premium Indicators

Risk Adjusted Performance(0.038846)
Total Risk Alpha(0.06)

Madrid Gnrl Backtested Returns

Madrid Gnrl has Sharpe Ratio of -0.0277 which conveys that the entity had -0.0277% of return per unit of risk over the last 3 months. Macroaxis philosophy towards estimating risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Madrid Gnrl exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. The index secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and Madrid Gnrl are completely uncorrelated. Even though it is essential to pay attention to Madrid Gnrl price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Madrid Gnrl exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.47) 
correlation synergy

Modest reverse predictability

Madrid Gnrl has modest reverse predictability. Overlapping area represents the amount of predictability between Madrid Gnrl 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 Madrid Gnrl price movement. The serial correlation of -0.47 indicates that about 47.0% of current Madrid Gnrl price fluctuation can be explain by its past prices. Given that Madrid Gnrl has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Madrid Gnrl for similar time interval.
Correlation Coefficient-0.47
Spearman Rank Test-0.09
Residual Average0.0
Price Variance274.8

Madrid Gnrl lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Madrid Gnrl regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Madrid Gnrl Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - SMSI

Madrid Gnrl Investor Sentiment

Most of Macroaxis users are at this time bearish on Madrid Gnrl. What is your trading attitude regarding investing in Spain companies? Are you bullish or bearish on Madrid Gnrl?
Bullish
Bearish
3% Bullish
97% Bearish
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See also Madrid Gnrl Hype Analysis, Madrid Gnrl Correlation, Portfolio Optimization, Madrid Gnrl Volatility as well as analyze Madrid Gnrl Alpha and Beta and Madrid Gnrl Performance. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
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