Carnival Backtesting

CCL -- USA Stock  

USD 65.67  1.27  1.90%

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

Carnival 'What if' Analysis

August 22, 2018
No Change 0.00  0.0%
In 31 days
September 21, 2018
If you would invest  0.00  in Carnival on August 22, 2018 and sell it all today you would earn a total of 0.00 from holding Carnival Corporation or generate 0.0% return on investment in Carnival over 30 days. Carnival is related to or competes with Brunswick, Drive Shack, Escalade Incorporated, Funko, Ballantyne Strong, and . Carnival Corporation operates as a leisure travel and cruise company

Carnival Upside/Downside Indicators

Downside Deviation0.6239
Information Ratio0.2423
Maximum Drawdown2.09
Value At Risk0.52
Potential Upside1.41

Carnival Market Premium Indicators

Risk Adjusted Performance0.1557
Jensen Alpha0.2592
Total Risk Alpha0.0984
Sortino Ratio0.2831
Treynor Ratio2.53

Carnival Backtested Returns

Macroaxis considers Carnival not too risky given 1 month investment horizon. Carnival secures Sharpe Ratio (or Efficiency) of 0.4672 which signifies that Carnival had 0.4672% 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 stock specific technical indicators that cannot be diversified away. We have found twenty technical indicators for Carnival Corporation which you can use to evaluate future volatility of the firm. Please makes use of Carnival Coefficient Of Variation of 261.27, Risk Adjusted Performance of 0.1557 and Mean Deviation of 0.564 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Carnival holds performance score of 30. The firm shows Beta (market volatility) of 0.1064 which signifies that as returns on market increase, Carnival returns are expected to increase less than the market. However during bear market, the loss on holding Carnival will be expected to be smaller as well.. Although it is vital to follow to Carnival historical returns, it is good to be conservative about what you can actually do with the information regarding 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 Carnival technical indicators you can presently evaluate if the expected return of 0.3818% will be sustainable into the future. Please makes use of Carnival Treynor Ratio as well as the relationship between Potential Upside and Expected Short fall to make a quick decision on weather Carnival price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.16 

Very weak predictability

Carnival Corporation has very weak predictability. Overlapping area represents the amount of predictability between Carnival 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 Carnival price movement. The serial correlation of 0.16 indicates that over 16.0% of current Carnival price fluctuation can be explain by its past prices.
Correlation Coefficient0.16
Spearman Rank Test0.28
Residual Average0.0
Price Variance3.11

Carnival lagged returns against current returns

 Current and Lagged Values 

Carnival regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Carnival Lagged Returns

 Regressed Prices 

Current Sentiment - CCL

Carnival Investor Sentiment

Greater number of Macroaxis users are currently bullish on Carnival Corporation. What is your opinion about investing in Carnival Corporation? Are you bullish or bearish?
98% Bullish
2% Bearish

Carnival Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Carnival and Brunswick. 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 Carnival Hype Analysis, Carnival Correlation, Carnival Valuation, Carnival Volatility as well as analyze Carnival Alpha and Beta and Carnival Performance. Please also try Premium Stories module to follow macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.