BP plc Backtesting

BP plc -- USA Stock  

USD 39.25  0.41  1.06%

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

BP plc 'What if' Analysis

January 23, 2018
No Change 0.00  0.0%
In 31 days
February 22, 2018
If you would invest  0.00  in BP plc on January 23, 2018 and sell it all today you would earn a total of 0.00 from holding BP plc or generate 0.0% return on investment in BP plc over 30 days. BP plc is related to or competes with Eni SPA, Antero Resources, CJ Energy, Delek US, and Diamond Offshore. BP p.l.c. operates as an integrated oil and gas company worldwide

BP plc Upside/Downside Indicators


BP plc Market Premium Indicators

BP plc lagged returns against current returns

 Current and Lagged Values 

BP plc regressed lagged prices vs. current prices

 Current vs Lagged Prices 

BP plc Backtested Returns

Macroaxis considers BP plc to be not too volatile. BP plc retains Efficiency (Sharpe Ratio) of -0.2316 which signifies that BP plc had -0.2316% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are 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. BP plc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm BP plc Standard Deviation of 1.72, Market Risk Adjusted Performance of 0.63 and Coefficient Of Variation of 403.77 to double-check risk estimate we provide. Macroaxis gives BP plc performance score of 0 on a scale of 0 to 100. The firm owns Beta (Systematic Risk) of 0.6828 which signifies that as returns on market increase, BP plc returns are expected to increase less than the market. However during bear market, the loss on holding BP plc will be expected to be smaller as well.. Even though it is essential to pay attention to BP plc existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are 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. BP plc exposes twenty-one different technical indicators which can help you to evaluate its performance. BP plc has expected return of -0.4026%. Please be advised to confirm BP plc Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if BP plc past performance will be repeated sooner or later.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.53 

Modest predictability

BP plc has modest predictability. Overlapping area represents the amount of predictability between BP plc time series from January 23, 2018 to February 7, 2018 and February 7, 2018 to February 22, 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 BP plc price movement. The serial correlation of 0.53 indicates that about 53.0% of current BP plc price fluctuation can be explain by its past prices.
Correlation Coefficient 0.53
Spearman Rank Test 0.25
Price Variance 0.17
Lagged Price Variance 1.85

BP plc Lagged Returns

 Regressed Prices 

BP plc Performance vs DOW

The median price of BP plc for the period between Tue, Jan 23, 2018 and Thu, Feb 22, 2018 is 40.37 with a coefficient of variation of 4.48. The daily time series for the period is distributed with a sample standard deviation of 1.84, arithmetic mean of 41.1, and mean deviation of 1.66. The Stock received some media coverage during the period.
Price Growth (%)  
Aviance Capital Management LLC Continues to Hold Position in...02/20/2018