Banco de Backtesting

BCH -- USA Stock  

USD 87.65  0.59  0.67%

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

Banco de 'What if' Analysis

August 22, 2018
0.00
No Change 0.00  0.0%
In 30 days
September 21, 2018
0.00
If you would invest  0.00  in Banco de on August 22, 2018 and sell it all today you would earn a total of 0.00 from holding Banco de Chile or generate 0.0% return on investment in Banco de over 30 days. Banco de is related to or competes with Credicorp Ltd, Banco Latinoamericano, Banco Santander, Manhattan Associates, Alaska Air, and Johnson Johnson. Banco de Chile provides various banking products and services to individuals, corporate clients, large companies, and sm...

Banco de Upside/Downside Indicators

Information Ratio0.18
Maximum Drawdown3.52
Value At Risk2.16
Potential Upside1.37
  

Banco de Market Premium Indicators

Risk Adjusted Performance0.028937
Jensen Alpha0.07
Total Risk Alpha0.39
Treynor Ratio0.228

Banco de Chile Backtested Returns

Macroaxis considers Banco de to be not too risky. Banco de Chile secures Sharpe Ratio (or Efficiency) of -0.0604 which signifies that Banco de Chile had -0.0604% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Banco de Chile exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Banco de Chile Risk Adjusted Performance of 0.028937 and Mean Deviation of 0.8529 to double-check risk estimate we provide. Macroaxis gives Banco de performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.5027 which signifies that as returns on market increase, returns on owning Banco de are expected to decrease at a much smaller rate. During bear market, Banco de is likely to outperform the market.. Even though it is essential to pay attention to Banco de Chile historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Banco de Chile exposes twenty-one different technical indicators which can help you to evaluate its performance. Banco de Chile has expected return of -0.0794%. Please be advised to confirm Banco de Chile Maximum Drawdown, and the relationship between Information Ratio and Downside Variance to decide if Banco de Chile past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.71) 

Almost perfect reverse predictability

Banco de Chile has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Banco de time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Banco de Chile price movement. The serial correlation of -0.71 indicates that around 71.0% of current Banco de price fluctuation can be explain by its past prices. Given that Banco de Chile has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Banco de for similar time interval.
Correlation Coefficient-0.71
Spearman Rank Test-0.27
Residual Average0.0
Price Variance1.11

Banco de Chile lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Banco de regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Banco de Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - BCH

Banco de Chile Investor Sentiment

Greater number of Macroaxis users are currently bullish on Banco de Chile. What is your opinion about investing in Banco de Chile? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Banco de Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Banco de and Credicorp Ltd. 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 Banco de Hype Analysis, Banco de Correlation, Banco de Valuation, Banco de Volatility as well as analyze Banco de Alpha and Beta and Banco de Performance. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.
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