Goldman Sachs Lists Amazon in Conviction Stocks
Amazon has been added to the US conviction list at Goldman Sachs, according to TipRanks. The inclusion of Amazon on this list is based on backtested results from a strategy not historically offered to investors. Backtesting involves applying historical data to a model constructed for performance evaluation.
The backtested results show that if XYZ firm had purchased securities recommended by the model, they would have performed better than actual trading. However, it's essential to note that changes in assumptions can significantly impact the backtested returns presented. The model's limitations include not reflecting actual trading or economic and market factors on decision-making.
Amazon is among several companies added to this list at Goldman Sachs, but TipRanks does not provide further information about other additions. The inclusion of Amazon on this list may not reflect its current performance or prospects.