Callaway Golf Backtesting

ELY -- USA Stock  

USD 22.90  0.05  0.22%

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

Callaway Golf 'What if' Analysis

August 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 20, 2018
0.00
If you would invest  0.00  in Callaway Golf on August 21, 2018 and sell it all today you would earn a total of 0.00 from holding Callaway Golf Company or generate 0.0% return on investment in Callaway Golf over 30 days. Callaway Golf is related to or competes with Brunswick, Drive Shack, E Qure, Escalade Incorporated, Expedia, Funko, and Ballantyne Strong. Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bag...

Callaway Golf Upside/Downside Indicators

Information Ratio0.15
Maximum Drawdown3.76
Value At Risk1.41
Potential Upside1.65
  

Callaway Golf Market Premium Indicators

Risk Adjusted Performance0.014579
Jensen Alpha0.09
Total Risk Alpha0.30
Treynor Ratio0.21

Callaway Golf Backtested Returns

Macroaxis considers Callaway Golf to be not too volatile. Callaway Golf secures Sharpe Ratio (or Efficiency) of -0.0113 which signifies that Callaway Golf had -0.0113% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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. Callaway Golf Company exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Callaway Golf Risk Adjusted Performance of 0.014579 and Mean Deviation of 0.7957 to double-check risk estimate we provide. Macroaxis gives Callaway Golf performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.3053 which signifies that as returns on market increase, Callaway Golf returns are expected to increase less than the market. However during bear market, the loss on holding Callaway Golf will be expected to be smaller as well.. Even though it is essential to pay attention to Callaway Golf historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards 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. Callaway Golf Company exposes twenty-eight different technical indicators which can help you to evaluate its performance. Callaway Golf has expected return of -0.0112%. Please be advised to confirm Callaway Golf Treynor Ratio as well as the relationship between Expected Short fall and Day Median Price to decide if Callaway Golf past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.23) 

Weak reverse predictability

Callaway Golf Company has weak reverse predictability. Overlapping area represents the amount of predictability between Callaway Golf time series from August 21, 2018 to September 5, 2018 and September 5, 2018 to September 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 Callaway Golf price movement. The serial correlation of -0.23 indicates that over 23.0% of current Callaway Golf price fluctuation can be explain by its past prices. Given that Callaway Golf Company has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Callaway Golf for similar time interval.
Correlation Coefficient-0.23
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.03

Callaway Golf lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Callaway Golf regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Callaway Golf Lagged Returns

 Regressed Prices 
      Timeline 

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Callaway Golf Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Callaway Golf and Brunswick. 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
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Additionally see Callaway Golf Hype Analysis, Callaway Golf Correlation, Callaway Golf Valuation, Callaway Golf Volatility as well as analyze Callaway Golf Alpha and Beta and Callaway Golf Performance. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.
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