Callaway Golf Backtesting

Callaway Golf Company -- USA Stock  

USD 14.22  0.04  0.28%

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
Investment Horizon     30 Days    Login   to change

Callaway Golf 'What if' Analysis

September 19, 2017
No Change 0.00  0.0%
In 31 days
October 19, 2017
If you would invest  0.00  in Callaway Golf on September 19, 2017 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, Escalade Incorporated, Harman International. It offers drivers fairway woods hybrids irons wedges and putters

Callaway Golf Upside/Downside Indicators


Callaway Golf Market Premium Indicators

Callaway Golf lagged returns against current returns

 Current and Lagged Values 

Callaway Golf regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Callaway Golf Backtested Returns

We consider Callaway Golf not too volatile. Callaway Golf secures Sharpe Ratio (or Efficiency) of 0.0305 which signifies that Callaway Golf had 0.0305% 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 confirm Callaway Golf Downside Deviation of 0.9261, Risk Adjusted Performance of 0.025 and Mean Deviation of 0.7621 to double-check if risk estimate we provide are consistent with the epected return of 0.0288%. Callaway Golf has performance score of 2 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.4034 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.. Although it is extremely important to respect Callaway Golf historical returns, it is better to be realistic regarding the information on equity current trending patternss. 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 0.0288% will be sustainable into the future. Callaway Golf right now shows a risk of 0.9461%. Please confirm Callaway Golf Downside Deviation, Treynor Ratio as well as the relationship between Treynor Ratio and Expected Short fall to decide if Callaway Golf will be following its price patterns.
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 September 19, 2017 to October 4, 2017 and October 4, 2017 to October 19, 2017. 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 Test -0.83
Price Variance 0.05
Lagged Price Variance 0.07

Callaway Golf Lagged Returns

 Regressed Prices 

Callaway Golf Performance vs DOW

The median price of Callaway Golf for the period between Tue, Sep 19, 2017 and Thu, Oct 19, 2017 is 14.18 with a coefficient of variation of 1.73. The daily time series for the period is distributed with a sample standard deviation of 0.25, arithmetic mean of 14.22, and mean deviation of 0.2. The Stock received some media coverage during the period.
Price Growth (%)  
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