Ecopetrol S Backtesting

EC -- USA Stock  

USD 20.49  0.29  1.40%

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

June 20, 2018
No Change 0.00  0.0%
In 30 days
July 20, 2018
If you would invest  0.00  in Ecopetrol S on June 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 PetroChina Company, BP plc, China Petroleum, CNOOC, Suncor Energy, and CANADIAN NAT. Ecopetrol S.A. operates as an integrated oil and gas company

Ecopetrol S Upside/Downside Indicators

Downside Deviation1.94
Information Ratio0.01138
Maximum Drawdown5.27
Value At Risk2.29
Potential Upside2.25

Ecopetrol S Market Premium Indicators

Risk Adjusted Performance0.0598
Jensen Alpha0.0576
Total Risk Alpha0.26
Sortino Ratio0.009178
Treynor Ratio0.2655

Ecopetrol S A Backtested Returns

We consider Ecopetrol S not very volatile. Ecopetrol S A secures Sharpe Ratio (or Efficiency) of 0.1152 which denotes Ecopetrol S A had 0.1152% 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. We have found twenty-eight technical indicators for Ecopetrol S A which you can use to evaluate future volatility of the firm. Please confirm Ecopetrol S A Coefficient Of Variation of 1119.07, Mean Deviation of 1.35 and Downside Deviation of 1.94 to check if risk estimate we provide are consistent with the epected return of 0.1789%. Ecopetrol S has performance score of 7 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.49 which denotes to the fact that as returns on market increase, Ecopetrol S returns are expected to increase less than the market. However during bear market, the loss on holding Ecopetrol S will be expected to be smaller as well.. Although it is extremely important to respect Ecopetrol S A historical returns, it is better to be realistic regarding the information on 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. By reviewing Ecopetrol S A technical indicators you can presently evaluate if the expected return of 0.1789% will be sustainable into the future. Ecopetrol S A right now shows a risk of 1.5524%. Please confirm Ecopetrol S A Maximum Drawdown, Semi Variance and the relationship between Sortino Ratio and Potential Upside to decide if Ecopetrol S A will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.02) 

Very weak reverse predictability

Ecopetrol S A has very weak reverse predictability. Overlapping area represents the amount of predictability between Ecopetrol S time series from June 20, 2018 to July 5, 2018 and July 5, 2018 to July 20, 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 -0.02 indicates that only 2.0% 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 -0.02
Spearman Rank Test 0.39
Price Variance 0.06
Lagged Price Variance 0.12

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 Lagged Returns

 Regressed Prices 

Current Sentiment - EC

Ecopetrol S A Investor Sentiment
Larger part of Macroaxis users are currently bullish on Ecopetrol S A. What is your opinion about investing in Ecopetrol S A? Are you bullish or bearish?
98% Bullish
2% Bearish

Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Ecopetrol S and PetroChina Limited. 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 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. Please also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.