Banco de Backtesting

BCH -- USA Stock  

USD 94.03  0.81  0.85%

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.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Banco de 'What if' Analysis

May 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 20, 2018
0.00
If you would invest  0.00  in Banco de on May 21, 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 Citigroup, Bank of New York, Byline Bancorp, Canadian Imperial, Deutsche Bank, , and ORIX CORP. Banco de Chile provides various banking products and services to individuals, corporate clients, large companies, and sm...

Banco de Upside/Downside Indicators

Downside Deviation1.27
Information Ratio0.0085
Maximum Drawdown4.99
Value At Risk1.30
Potential Upside1.7
  

Banco de Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.008

Banco de Chile Backtested Returns

We consider Banco de not too risky. Banco de Chile secures Sharpe Ratio (or Efficiency) of 0.0085 which signifies that Banco de Chile had 0.0085% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Banco de Chile which you can use to evaluate future volatility of the firm. Please confirm Banco de Chile Downside Deviation of 1.27, Risk Adjusted Performance of 0.01 and Mean Deviation of 0.8463 to double-check if risk estimate we provide are consistent with the epected return of 0.0101%. Banco de has performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Banco de are completely uncorrelated. Although it is extremely important to respect Banco de Chile historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards 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 analyzing Banco de Chile technical indicators you can presently evaluate if the expected return of 0.0101% will be sustainable into the future. Banco de Chile right now shows a risk of 1.1872%. Please confirm Banco de Chile Maximum Drawdown, and the relationship between Information Ratio and Downside Variance to decide if Banco de Chile will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.43 

Average predictability

Banco de Chile has average predictability. Overlapping area represents the amount of predictability between Banco de time series from May 21, 2018 to June 5, 2018 and June 5, 2018 to June 20, 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 0.43 indicates that just about 43.0% of current Banco de price fluctuation can be explain by its past prices.
Correlation Coefficient 0.43
Spearman Rank Test -0.15
Price Variance 0.21
Lagged Price Variance 1.27

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 

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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Banco de and Citigroup. 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
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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 Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.