Colgate Palmolive Backtesting

CL -- USA Stock  

USD 68.81  0.88  1.30%

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

Colgate Palmolive '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 Colgate Palmolive on August 22, 2018 and sell it all today you would earn a total of 0.00 from holding Colgate Palmolive Company or generate 0.0% return on investment in Colgate Palmolive over 30 days. Colgate Palmolive is related to or competes with Este Lauder, Acme United, Avon Products, CCA Industries, Church Dwight, and Clorox. Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide

Colgate Palmolive Upside/Downside Indicators

Downside Deviation0.8394
Information Ratio0.06
Maximum Drawdown1.54
Value At Risk1.08
Potential Upside1.19

Colgate Palmolive Market Premium Indicators

Risk Adjusted Performance0.0453
Jensen Alpha0.0391
Total Risk Alpha0.09
Sortino Ratio0.044294
Treynor Ratio0.3171

Colgate Palmolive Backtested Returns

We consider Colgate Palmolive not too risky. Colgate Palmolive secures Sharpe Ratio (or Efficiency) of 0.1033 which signifies that Colgate Palmolive had 0.1033% 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-one technical indicators for Colgate Palmolive Company which you can use to evaluate future volatility of the firm. Please confirm Colgate Palmolive Downside Deviation of 0.8394, Risk Adjusted Performance of 0.0453 and Mean Deviation of 0.4255 to double-check if risk estimate we provide are consistent with the epected return of 0.0623%. Colgate Palmolive has performance score of 6 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.174 which signifies that as returns on market increase, Colgate Palmolive returns are expected to increase less than the market. However during bear market, the loss on holding Colgate Palmolive will be expected to be smaller as well.. Although it is extremely important to respect Colgate Palmolive 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 Colgate Palmolive technical indicators you can presently evaluate if the expected return of 0.0623% will be sustainable into the future. Colgate Palmolive right now shows a risk of 0.6034%. Please confirm Colgate Palmolive Treynor Ratio, and the relationship between Variance and Potential Upside to decide if Colgate Palmolive will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.52) 

Good reverse predictability

Colgate Palmolive Company has good reverse predictability. Overlapping area represents the amount of predictability between Colgate Palmolive 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 Colgate Palmolive price movement. The serial correlation of -0.52 indicates that about 52.0% of current Colgate Palmolive price fluctuation can be explain by its past prices. Given that Colgate Palmolive Company has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Colgate Palmolive for similar time interval.
Correlation Coefficient-0.52
Spearman Rank Test-0.06
Residual Average0.0
Price Variance0.36

Colgate Palmolive lagged returns against current returns

 Current and Lagged Values 

Colgate Palmolive regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Colgate Palmolive Lagged Returns

 Regressed Prices 

Current Sentiment - CL

Colgate Palmolive Investor Sentiment

Nearly all of Macroaxis users are currently bullish on Colgate Palmolive Company. What is your opinion about investing in Colgate Palmolive Company? Are you bullish or bearish?
98% Bullish
2% Bearish

Colgate Palmolive Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Colgate Palmolive and The Este Lauder. 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 Colgate Palmolive Hype Analysis, Colgate Palmolive Correlation, Colgate Palmolive Valuation, Colgate Palmolive Volatility as well as analyze Colgate Palmolive Alpha and Beta and Colgate Palmolive Performance. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.