Halliburton Backtesting

HAL -- USA Stock  

USD 38.71  0.08  0.21%

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

Halliburton 'What if' Analysis

August 19, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 18, 2018
0.00
If you would invest  0.00  in Halliburton on August 19, 2018 and sell it all today you would earn a total of 0.00 from holding Halliburton Company or generate 0.0% return on investment in Halliburton over 30 days. Halliburton is related to or competes with CJ Energy, Franks International, ION Geophysical, Newpark Resources, NOW, Dawson Geophysical, and Emerge Energy. Halliburton Company provides a range of services and products to oil and natural gas companies worldwide

Halliburton Upside/Downside Indicators

Information Ratio0.14
Maximum Drawdown7.21
Value At Risk1.23
Potential Upside1.8
  

Halliburton Market Premium Indicators

Risk Adjusted Performance0.023235
Jensen Alpha0.22
Total Risk Alpha0.49
Treynor Ratio0.15

Halliburton Backtested Returns

Macroaxis considers Halliburton to be not too risky. Halliburton holds Efficiency (Sharpe) Ratio of -0.1195 which attests that Halliburton had -0.1195% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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. Halliburton exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Halliburton Market Risk Adjusted Performance of 0.14 and Risk Adjusted Performance of 0.023235 to validate risk estimate we provide. Macroaxis gives Halliburton performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.9333 which attests that Halliburton returns are very sensitive to returns on the market. as market goes up or down, Halliburton is expected to follow.. Even though it is essential to pay attention to Halliburton current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining 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. Halliburton exposes twenty-one different technical indicators which can help you to evaluate its performance. Halliburton has expected return of -0.1908%. Please be advised to check out Halliburton Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Halliburton past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.72) 

Almost perfect reverse predictability

Halliburton Company has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Halliburton time series from August 19, 2018 to September 3, 2018 and September 3, 2018 to September 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 Halliburton price movement. The serial correlation of -0.72 indicates that around 72.0% of current Halliburton price fluctuation can be explain by its past prices. Given that Halliburton Company has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Halliburton for similar time interval.
Correlation Coefficient-0.72
Spearman Rank Test-0.08
Residual Average0.0
Price Variance0.85

Halliburton lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Halliburton regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Halliburton Lagged Returns

 Regressed Prices 
      Timeline 

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Please also check Halliburton Hype Analysis, Halliburton Correlation, Halliburton Valuation, Halliburton Volatility as well as analyze Halliburton Alpha and Beta and Halliburton Performance. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.
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