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.
|15 days auto-correlation|| 0.53 |
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