Halliburton Backtested Returns
Macroaxis considers Halliburton to be not too risky. Halliburton
holds Efficiency (Sharpe) Ratio of -0.4069 which attests that Halliburton
had -0.4069% 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 0.54 and Risk Adjusted Performance of 0.34 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 0.9296 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 -0.7917%. 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.
|15 days auto-correlation|| 0.58 |
Halliburton Company has modest predictability. Overlapping area represents the amount of predictability between Halliburton time series from January 22, 2018 to February 6, 2018 and February 6, 2018 to February 21, 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 0.58 indicates that roughly 58.0% of current Halliburton price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.58|
|Spearman Rank Test|| 0.39|
|Price Variance|| 1.35|
|Lagged Price Variance|| 3.41|
Halliburton Lagged Returns