A10 Networks Backtesting

ATEN -- USA Stock  

USD 7.03  0.10  1.40%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of A10 Networks and determine expected loss or profit from investing in A10 Networks over given investment horizon. Check also A10 Networks Hype Analysis, A10 Networks Correlation, A10 Networks Valuation, A10 Networks Volatility as well as analyze A10 Networks Alpha and Beta and A10 Networks Performance.
Horizon     30 Days    Login   to change

A10 Networks 'What if' Analysis

June 26, 2019
No Change 0.00  0.0%
In 2 months and 2 days
August 25, 2019
If you would invest  0.00  in A10 Networks on June 26, 2019 and sell it all today you would earn a total of 0.00 from holding A10 Networks or generate 0.0% return on investment in A10 Networks over 60 days. A10 Networks is related to or competes with BlackLine, EVO Payments, Evertec, F5 Networks, Fair Isaac, Five9, and Black Knight. A10 Networks, Inc. provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA cou...

A10 Networks Upside/Downside Indicators

Downside Deviation1.59
Information Ratio0.1288
Maximum Drawdown8.54
Value At Risk(2.16)
Potential Upside3.43

A10 Networks Market Premium Indicators

Risk Adjusted Performance0.0791
Jensen Alpha0.1563
Total Risk Alpha0.2959
Sortino Ratio0.1394
Treynor Ratio0.3382

A10 Networks Backtested Returns

We consider A10 Networks slightly risky. A10 Networks retains Efficiency (Sharpe Ratio) of 0.0528 which signifies that the company had 0.0528% of return per unit of price deviation over the last 2 months. Our way in which we are 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 A10 Networks which you can use to evaluate future volatility of the entity. Please confirm A10 Networks Standard Deviation of 1.72, Coefficient Of Variation of 1315.77 and Market Risk Adjusted Performance of 0.3482 to double-check if risk estimate we provide are consistent with the epected return of 0.0896%. A10 Networks has performance score of 3 on a scale of 0 to 100. The corporation owns Beta (Systematic Risk) of 0.3562 which signifies that as returns on market increase, A10 Networks returns are expected to increase less than the market. However during bear market, the loss on holding A10 Networks will be expected to be smaller as well. Although it is extremely important to respect A10 Networks existing price patterns, it is better to be realistic regarding the information on equity price patterns. The way in which we are 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 evaluating A10 Networks technical indicators you can at this moment evaluate if the expected return of 0.0896% will be sustainable into the future. A10 Networks today owns a risk of 1.6974%. Please confirm A10 Networks Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if A10 Networks will be following its current price history.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.63) 
correlation synergy

Very good reverse predictability

A10 Networks has very good reverse predictability. Overlapping area represents the amount of predictability between A10 Networks time series from June 26, 2019 to July 26, 2019 and July 26, 2019 to August 25, 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 A10 Networks price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current A10 Networks price fluctuation can be explain by its past prices. Given that A10 Networks has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of A10 Networks for similar time interval.
Correlation Coefficient-0.63
Spearman Rank Test-0.56
Residual Average0.0
Price Variance0.03

A10 Networks lagged returns against current returns

 Current and Lagged Values 

A10 Networks regressed lagged prices vs. current prices

 Current vs Lagged Prices 

A10 Networks Lagged Returns

 Regressed Prices 

Current Sentiment - ATEN

A10 Networks Investor Sentiment

Most of Macroaxis users are presently bullish on A10 Networks. What is your sentiment towards investing in A10 Networks? Are you bullish or bearish?
98% Bullish
2% Bearish

A10 Networks Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for A10 Networks and BlackLine. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also A10 Networks Hype Analysis, A10 Networks Correlation, A10 Networks Valuation, A10 Networks Volatility as well as analyze A10 Networks Alpha and Beta and A10 Networks Performance. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
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