Callaway Golf Backtesting

ELY -- USA Stock  

USD 20.37  0.15  0.74%

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.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Callaway Golf 'What if' Analysis

May 19, 2018
0.00
No Change 0.00  0.0%
In 30 days
June 18, 2018
0.00
If you would invest  0.00  in Callaway Golf on May 19, 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 Knowles, LeapFrog Enterprises, Escalade Incorporated, Funko, Entergy Mississippi, and HARMAN INTL. Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs, golf balls, golf bag...

Callaway Golf Upside/Downside Indicators

Information Ratio0.5813
Maximum Drawdown3.23
Value At Risk1.10
Potential Upside1.91
  

Callaway Golf Market Premium Indicators

Risk Adjusted Performance0.01

Callaway Golf Backtested Returns

Macroaxis considers Callaway Golf not too volatile given 1 month investment horizon. Callaway Golf secures Sharpe Ratio (or Efficiency) of 0.4681 which signifies that Callaway Golf had 0.4681% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing 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-one technical indicators for Callaway Golf Company which you can use to evaluate future volatility of the firm. Please makes use of Callaway Golf Risk Adjusted Performance of 0.01 and Mean Deviation of 0.7395 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Callaway Golf holds performance score of 31. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Callaway Golf are completely uncorrelated. Although it is vital to follow to Callaway Golf 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 foreseeing 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 analyzing Callaway Golf technical indicators you can presently evaluate if the expected return of 0.4471% will be sustainable into the future. Please makes use of Callaway Golf Downside Deviation, Treynor Ratio as well as the relationship between Treynor Ratio and Expected Short fall to make a quick decision on weather Callaway Golf price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.78 

Good predictability

Callaway Golf Company has good predictability. Overlapping area represents the amount of predictability between Callaway Golf time series from May 19, 2018 to June 3, 2018 and June 3, 2018 to June 18, 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 0.78 indicates that around 78.0% of current Callaway Golf price fluctuation can be explain by its past prices.
Correlation Coefficient 0.78
Spearman Rank Test 0.82
Price Variance 0.11
Lagged Price Variance 0.06

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 

Current Sentiment - ELY

Callaway Golf Investor Sentiment
Greater number of Macroaxis users are currently bullish on Callaway Golf Company. What is your opinion about investing in Callaway Golf Company? 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 Callaway Golf and Knowles. 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 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.