Halliburton Backtesting

HAL -- USA Stock  

USD 46.62  0.02  0.0429%

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.
 Time Horizon     30 Days    Login   to change
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Backtest

Halliburton 'What if' Analysis

May 19, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 18, 2018
0.00
If you would invest  0.00  in Halliburton on May 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 Cheniere Energy, Enbridge Energy, TechnipFMC plc, Magellan Midstream, MRC Global, and NATL OILWELL. Halliburton Company provides a range of services and products to oil and natural gas companies worldwide

Halliburton Upside/Downside Indicators

Information Ratio0.54
Maximum Drawdown4.13
Value At Risk2.37
Potential Upside1.3
  

Halliburton Market Premium Indicators

Risk Adjusted Performance0.01

Halliburton Backtested Returns

Macroaxis considers Halliburton to be not too risky. Halliburton holds Efficiency (Sharpe) Ratio of -0.5734 which attests that Halliburton had -0.5734% 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 Risk Adjusted Performance of 0.01 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 0.0 which attests that the returns on MARKET and Halliburton are completely uncorrelated. 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 -0.7603%. 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 0.61 

Good predictability

Halliburton Company has good predictability. Overlapping area represents the amount of predictability between Halliburton 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 Halliburton price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Halliburton price fluctuation can be explain by its past prices.
Correlation Coefficient 0.61
Spearman Rank Test 0.67
Price Variance 0.3
Lagged Price Variance 3.9

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 

Current Sentiment - HAL

Halliburton Investor Sentiment
Predominant part of Macroaxis users are currently bullish on Halliburton Company. What is your judgment towards investing in Halliburton Company? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.