Ecolab Backtesting

ECL -- USA Stock  

USD 142.62  0.54  0.38%

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

Ecolab 'What if' Analysis

June 17, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 17, 2018
0.00
If you would invest  0.00  in Ecolab on June 17, 2018 and sell it all today you would earn a total of 0.00 from holding Ecolab or generate 0.0% return on investment in Ecolab over 30 days. Ecolab is related to or competes with Chemours, Praxair, Albemarle, Cabot, Ferro, and FLEXIBLE SLTNS. Ecolab Inc. provides water, hygiene, and energy technologies and services for customers worldwide

Ecolab Upside/Downside Indicators

Information Ratio0.29
Maximum Drawdown2.7
Value At Risk1.45
Potential Upside0.8047
  

Ecolab Market Premium Indicators

Risk Adjusted Performance0.07
Jensen Alpha0.07
Total Risk Alpha0.25
Treynor Ratio0.4906

Ecolab Backtested Returns

Macroaxis considers Ecolab to be not too risky. Ecolab secures Sharpe Ratio (or Efficiency) of -0.1043 which denotes Ecolab had -0.1043% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting 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. Ecolab exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Ecolab Coefficient Of Variation of 887.57 and Mean Deviation of 0.5606 to check risk estimate we provide. Macroaxis gives Ecolab performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.1936 which denotes to the fact that as returns on market increase, returns on owning Ecolab are expected to decrease at a much smaller rate. During bear market, Ecolab is likely to outperform the market.. Even though it is essential to pay attention to Ecolab historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting 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. Ecolab exposes twenty-one different technical indicators which can help you to evaluate its performance. Ecolab has expected return of -0.0741%. Please be advised to confirm Ecolab Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Ecolab past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.87) 

Excellent reverse predictability

Ecolab has excellent reverse predictability. Overlapping area represents the amount of predictability between Ecolab time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 17, 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 Ecolab price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Ecolab price fluctuation can be explain by its past prices. Given that Ecolab has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Ecolab for similar time interval.
Correlation Coefficient -0.87
Spearman Rank Test -0.24
Price Variance 1.1
Lagged Price Variance 5.66

Ecolab lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Ecolab regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Ecolab Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - ECL

Ecolab Investor Sentiment
Greater number of Macroaxis users are currently bullish on Ecolab. What is your opinion about investing in Ecolab? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Ecolab and The Chemours. 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 Ecolab Hype Analysis, Ecolab Correlation, Ecolab Valuation, Ecolab Volatility as well as analyze Ecolab Alpha and Beta and Ecolab Performance. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.