Loews Backtesting

L -- USA Stock  

USD 49.49  0.32  0.64%

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

Loews 'What if' Analysis

June 17, 2018
0.00
No Change 0.00  0.0%
In 30 days
July 17, 2018
0.00
If you would invest  0.00  in Loews on June 17, 2018 and sell it all today you would earn a total of 0.00 from holding Loews Corporation or generate 0.0% return on investment in Loews over 30 days. Loews is related to or competes with Chubb, EMC Insurance, Fairfax Financial, American Financial, Atlas Financial, and ALLSTATE CP. Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States, C...

Loews Upside/Downside Indicators

Downside Deviation0.8133
Maximum Drawdown3.13
Value At Risk1.17
Potential Upside1.12
  

Loews Market Premium Indicators

Risk Adjusted Performance0.01

Loews Backtested Returns

Macroaxis considers Loews to be not too risky. Loews has Sharpe Ratio of -0.0106 which conveys that Loews had -0.0106% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating 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. Loews exposes twenty different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Loews Corporation Downside Deviation of 0.8133, Mean Deviation of 0.5462 and Risk Adjusted Performance of 0.01 to check out risk estimate we provide. Macroaxis gives Loews performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and Loews are completely uncorrelated. Even though it is essential to pay attention to Loews price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating 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. Loews exposes twenty different technical indicators which can help you to evaluate its performance. Loews has expected return of -0.0088%. Please be advised to verify Loews Corporation Variance as well as the relationship between Potential Upside and Kurtosis to decide if Loews 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

Loews Corporation has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Loews time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 17, 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 Loews price movement. The serial correlation of -0.72 indicates that around 72.0% of current Loews price fluctuation can be explain by its past prices. Given that Loews Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Loews for similar time interval.
Correlation Coefficient -0.72
Spearman Rank Test -0.5
Price Variance 0.43
Lagged Price Variance 0.34

Loews lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Loews regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Loews Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - L

Loews Investor Sentiment
More than half of Macroaxis users are now bullish on Loews Corporation. What is your trading attitude regarding investing in Loews Corporation? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please see also Loews Hype Analysis, Loews Correlation, Loews Valuation, Loews Volatility as well as analyze Loews Alpha and Beta and Loews Performance. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.