Chevron Backtesting

Chevron Corporation -- USA Stock  

USD 110.84  1.78  1.63%

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

Chevron 'What if' Analysis

January 23, 2018
0.00
No Change 0.00  0.0%
In 31 days
February 22, 2018
0.00
If you would invest  0.00  in Chevron on January 23, 2018 and sell it all today you would earn a total of 0.00 from holding Chevron Corporation or generate 0.0% return on investment in Chevron over 30 days. Chevron is related to or competes with SM Energy, Apache, Anadarko Petroleum, Chesapeake Energy, Cabot Oil, and ConocoPhillips. Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwi...

Chevron Upside/Downside Indicators

  

Chevron Market Premium Indicators

Chevron lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Chevron regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Chevron Backtested Returns

Macroaxis considers Chevron to be not too risky. Chevron secures Sharpe Ratio (or Efficiency) of -0.412 which signifies that Chevron had -0.412% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in 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. Chevron Corporation exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Chevron Mean Deviation of 1.42 and Risk Adjusted Performance of 0.73 to double-check risk estimate we provide. Macroaxis gives Chevron performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.0016 which signifies that Chevron returns are very sensitive to returns on the market. as market goes up or down, Chevron is expected to follow.. Even though it is essential to pay attention to Chevron historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in 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. Chevron Corporation exposes twenty-eight different technical indicators which can help you to evaluate its performance. Chevron has expected return of -0.8493%. Please be advised to confirm Chevron Potential Upside, and the relationship between Jensen Alpha and Accumulation Distribution to decide if Chevron past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.88 

Very good predictability

Chevron Corporation has very good predictability. Overlapping area represents the amount of predictability between Chevron 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 Chevron price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Chevron price fluctuation can be explain by its past prices.
Correlation Coefficient 0.88
Spearman Rank Test 0.75
Price Variance 2.72
Lagged Price Variance 37.74

Chevron Lagged Returns

 Regressed Prices 
      Timeline 

Chevron Performance vs DOW

The median price of Chevron for the period between Tue, Jan 23, 2018 and Thu, Feb 22, 2018 is 117.18 with a coefficient of variation of 6.9. The daily time series for the period is distributed with a sample standard deviation of 8.27, arithmetic mean of 119.84, and mean deviation of 7.53. The Stock received some media coverage during the period.
February 15, 2018Chevron Dividend Paid
Price Growth (%)  
      Timeline 
1
Chevron exotic insider transaction detected02/21/2018