DXP Enterprises Backtesting

DXPE -- USA Stock  

USD 42.38  0.53  1.27%

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

DXP Enterprises 'What if' Analysis

June 15, 2018
No Change 0.00  0.0%
In 31 days
July 15, 2018
If you would invest  0.00  in DXP Enterprises on June 15, 2018 and sell it all today you would earn a total of 0.00 from holding DXP Enterprises or generate 0.0% return on investment in DXP Enterprises over 30 days. DXP Enterprises is related to or competes with Adams Resources, Ingram Micro, Reliance Steel, VOXX International, and Educational Development. DXP Enterprises, Inc. engages in distributing maintenance, repair, and operating products, equipment, and services to en...

DXP Enterprises Upside/Downside Indicators

Downside Deviation2.68
Information Ratio0.0971
Maximum Drawdown5.83
Value At Risk3.48
Potential Upside2.88

DXP Enterprises Market Premium Indicators

Risk Adjusted Performance0.0926
Jensen Alpha0.1186
Total Risk Alpha0.11
Sortino Ratio0.073
Treynor Ratio0.1814

DXP Enterprises Backtested Returns

Macroaxis considers DXP Enterprises not too volatile given 1 month investment horizon. DXP Enterprises secures Sharpe Ratio (or Efficiency) of 0.1259 which denotes DXP Enterprises had 0.1259% of return per unit of risk over the last 1 month. Our philosophy in predicting 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-eight technical indicators for DXP Enterprises which you can use to evaluate future volatility of the firm. Please utilize DXP Enterprises Semi Deviation of 2.41, Mean Deviation of 1.53 and Downside Deviation of 2.68 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 DXP Enterprises holds performance score of 8. The firm shows Beta (market volatility) of 1.6915 which denotes to the fact that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, DXP Enterprises will likely underperform.. Although it is vital to follow to DXP Enterprises historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy in predicting 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 evaluating DXP Enterprises technical indicators you can now evaluate if the expected return of 0.259% will be sustainable into the future. Please utilizes DXP Enterprises Downside Variance, and the relationship between Treynor Ratio and Kurtosis to make a quick decision on weather DXP Enterprises price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.74) 

Almost perfect reverse predictability

DXP Enterprises has almost perfect reverse predictability. Overlapping area represents the amount of predictability between DXP Enterprises time series from June 15, 2018 to June 30, 2018 and June 30, 2018 to July 15, 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 DXP Enterprises price movement. The serial correlation of -0.74 indicates that around 74.0% of current DXP Enterprises price fluctuation can be explain by its past prices. Given that DXP Enterprises has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of DXP Enterprises for similar time interval.
Correlation Coefficient -0.74
Spearman Rank Test -0.76
Price Variance 1.28
Lagged Price Variance 1.19

DXP Enterprises lagged returns against current returns

 Current and Lagged Values 

DXP Enterprises regressed lagged prices vs. current prices

 Current vs Lagged Prices 

DXP Enterprises Lagged Returns

 Regressed Prices 

Current Sentiment - DXPE

DXP Enterprises Investor Sentiment
Most of Macroaxis users are currently bullish on DXP Enterprises. What is your opinion about investing in DXP Enterprises? Are you bullish or bearish?
98% Bullish
2% Bearish

Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for DXP Enterprises and Adams Resources Energy. 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  
Additionally see DXP Enterprises Hype Analysis, DXP Enterprises Correlation, DXP Enterprises Valuation, DXP Enterprises Volatility as well as analyze DXP Enterprises Alpha and Beta and DXP Enterprises Performance. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.