Ecopetrol S Backtesting

Ecopetrol S A -- USA Stock  

USD 19.39  0.01  0.0516%

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

Ecopetrol S 'What if' Analysis

February 20, 2018
No Change 0.00  0.0%
In 31 days
March 22, 2018
If you would invest  0.00  in Ecopetrol S on February 20, 2018 and sell it all today you would earn a total of 0.00 from holding Ecopetrol S A or generate 0.0% return on investment in Ecopetrol S over 30 days. Ecopetrol S is related to or competes with Eni SPA, Antero Resources, BP plc, CJ Energy, Delek US, and Diamond Offshore. It operates through three segments Exploration and Production Transport and Logistics and Refining, Petrochemical and Bi...

Ecopetrol S Upside/Downside Indicators


Ecopetrol S Market Premium Indicators

Ecopetrol S A lagged returns against current returns

 Current and Lagged Values 

Ecopetrol S regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Ecopetrol S A Backtested Returns

Macroaxis considers Ecopetrol S not very volatile given 1 month investment horizon. Ecopetrol S A secures Sharpe Ratio (or Efficiency) of 0.237 which denotes Ecopetrol S A had 0.237% of return per unit of risk over the last 1 month. Our philosophy towards predicting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By reviewing Ecopetrol S A technical indicators you can presently evaluate if the expected return of 0.5307% is justified by implied risk. Please utilize Ecopetrol S A Coefficient Of Variation of 421.95, Mean Deviation of 1.65 and Downside Deviation of 2.52 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Ecopetrol S holds performance score of 15. The firm shows Beta (market volatility) of -0.6701 which denotes to the fact that as returns on market increase, returns on owning Ecopetrol S are expected to decrease at a much smaller rate. During bear market, Ecopetrol S is likely to outperform the market.. Although it is vital to follow to Ecopetrol S A 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 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. We have found twenty-six technical indicators for Ecopetrol S A which you can use to evaluate performance of the firm. Please utilizes Ecopetrol S A Jensen Alpha, Maximum Drawdown, Semi Variance, as well as the relationship between Sortino Ratio and Potential Upside to make a quick decision on weather Ecopetrol S price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.33) 

Poor reverse predictability

Ecopetrol S A has poor reverse predictability. Overlapping area represents the amount of predictability between Ecopetrol S time series from February 20, 2018 to March 7, 2018 and March 7, 2018 to March 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 Ecopetrol S A price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Ecopetrol S price fluctuation can be explain by its past prices. Given that Ecopetrol S A has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Ecopetrol S for similar time interval.
Correlation Coefficient -0.33
Spearman Rank Test -0.13
Price Variance 0.54
Lagged Price Variance 0.27

Ecopetrol S Lagged Returns

 Regressed Prices 

Ecopetrol S Performance vs DOW

The median price of Ecopetrol S for the period between Tue, Feb 20, 2018 and Thu, Mar 22, 2018 is 17.6 with a coefficient of variation of 3.3. The daily time series for the period is distributed with a sample standard deviation of 0.59, arithmetic mean of 17.81, and mean deviation of 0.47. The Stock received some media coverage during the period.
 Price Growth (%)  
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