Blackstone Group Backtesting

BX -- USA Stock  

USD 32.73  0.29  0.89%

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

Blackstone Group 'What if' Analysis

May 23, 2018
No Change 0.00  0.0%
In 30 days
June 22, 2018
If you would invest  0.00  in Blackstone Group on May 23, 2018 and sell it all today you would earn a total of 0.00 from holding The Blackstone Group L P or generate 0.0% return on investment in Blackstone Group over 30 days. Blackstone Group is related to or competes with Western Union, ETRADE Financial, Wins Finance, Fanhua, Mastercard Incorporated, and FREDDIE MAC. The Blackstone Group L.P. is a publicly owned hedge fund sponsor

Blackstone Group Upside/Downside Indicators

Downside Deviation0.8288
Information Ratio0.1212
Maximum Drawdown2.22
Value At Risk0.94
Potential Upside0.9866

Blackstone Group Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.1

The Blackstone Group Backtested Returns

We consider Blackstone Group not too risky. The Blackstone Group secures Sharpe Ratio (or Efficiency) of 0.1418 which signifies that The Blackstone Group had 0.1418% of return per unit of standard deviation over the last 1 month. Our philosophy in 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 The Blackstone Group L P which you can use to evaluate future volatility of the firm. Please confirm The Blackstone Group Mean Deviation of 0.5266, Risk Adjusted Performance of 0.01 and Semi Deviation of 0.6244 to double-check if risk estimate we provide are consistent with the epected return of 0.0987%. Blackstone Group has performance score of 9 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Blackstone Group are completely uncorrelated. Although it is extremely important to respect The Blackstone Group historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in 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 The Blackstone Group technical indicators you can presently evaluate if the expected return of 0.0987% will be sustainable into the future. The Blackstone Group right now shows a risk of 0.6964%. Please confirm The Blackstone Group Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if The Blackstone Group will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.18) 

Insignificant reverse predictability

The Blackstone Group L P has insignificant reverse predictability. Overlapping area represents the amount of predictability between Blackstone Group time series from May 23, 2018 to June 7, 2018 and June 7, 2018 to June 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 The Blackstone Group price movement. The serial correlation of -0.18 indicates that over 18.0% of current Blackstone Group price fluctuation can be explain by its past prices. Given that The Blackstone Group L P has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Blackstone Group for similar time interval.
Correlation Coefficient -0.18
Spearman Rank Test -0.2
Price Variance 0.06
Lagged Price Variance 0.16

The Blackstone Group lagged returns against current returns

 Current and Lagged Values 

Blackstone Group regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Blackstone Group Lagged Returns

 Regressed Prices 

Current Sentiment - BX

The Blackstone Group Investor Sentiment
Nearly all of Macroaxis users are currently bullish on The Blackstone Group L P. What is your opinion about investing in The Blackstone Group L P? Are you bullish or bearish?
98% Bullish
2% Bearish

Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Blackstone Group and The Western Union. 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 Blackstone Group Hype Analysis, Blackstone Group Correlation, Blackstone Group Valuation, Blackstone Group Volatility as well as analyze Blackstone Group Alpha and Beta and Blackstone Group Performance. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.