DOW Backtesting

DOW
DJI -- USA Index  

 26,558  483.13  1.85%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of DOW and determine expected loss or profit from investing in DOW over given investment horizon. Check out DOW Hype Analysis, DOW Correlation, Portfolio Optimization, DOW Volatility as well as analyze DOW Alpha and Beta and DOW Performance.
Symbol
Backtest

DOW 'What if' Analysis

0.00
04/14/2020
No Change 0.00  0.0 
In 3 months and 1 day
07/13/2020
0.00
If you would invest  0.00  in DOW on April 14, 2020 and sell it all today you would earn a total of 0.00 from holding DOW or generate 0.0% return on investment in DOW over 90 days.

DOW Upside/Downside Indicators

Downside Deviation2.07
Maximum Drawdown10.75
Value At Risk(2.67)
Potential Upside2.39

DOW Market Premium Indicators

Risk Adjusted Performance0.1862

DOW Backtested Returns

DOW secures Sharpe Ratio (or Efficiency) of 0.0951, which denotes the index had 0.0951% of return per unit of volatility over the last 3 months. Our approach towards predicting the 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-seven technical indicators for DOW, which you can use to evaluate future volatility of the entity. The index shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. Let's try to break down what DOW's beta means in this case. the returns on MARKET and DOW are completely uncorrelated. Although it is extremely important to respect DOW historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach towards predicting 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 evaluating DOW technical indicators, you can now evaluate if the expected return of 0.17% will be sustainable into the future.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.13) 
correlation synergy

Insignificant reverse predictability

DOW has insignificant reverse predictability. Overlapping area represents the amount of predictability between DOW time series from 14th of April 2020 to 29th of May 2020 and 29th of May 2020 to 13th of July 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 DOW price movement. The serial correlation of -0.13 indicates that less than 13.0% of current DOW price fluctuation can be explain by its past prices. Given that DOW has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of DOW for similar time interval.
Correlation Coefficient-0.13
Spearman Rank Test-0.35
Residual Average0.0
Price Variance315711.76

DOW lagged returns against current returns

 Current and Lagged Values 
      Timeline 

DOW regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

DOW Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - DJI

DOW Investor Sentiment

Most of Macroaxis investors are at this time bullish on DOW. What is your opinion about investing in USA companies? Are you bullish or bearish on DOW?
Bullish
Bearish
98% Bullish
2% Bearish
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Check out DOW Hype Analysis, DOW Correlation, Portfolio Optimization, DOW Volatility as well as analyze DOW Alpha and Beta and DOW Performance. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page