Magellan Midstream Backtesting

Magellan Midstream Partners L P -- USA Stock  

USD 68.11  0.22  0.32%

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

Magellan Midstream 'What if' Analysis

September 20, 2017
No Change 0.00  0.0%
In 31 days
October 20, 2017
If you would invest  0.00  in Magellan Midstream on September 20, 2017 and sell it all today you would earn a total of 0.00 from holding Magellan Midstream Partners L P or generate 0.0% return on investment in Magellan Midstream over 30 days. Magellan Midstream is related to or competes with Cheniere Energy, Enbridge Energy, Halliburton, MRC Global. It operates through Refined Products Crude Oil and Marine Storage segments

Magellan Midstream Upside/Downside Indicators


Magellan Midstream Market Premium Indicators

Magellan Midstream P lagged returns against current returns

 Current and Lagged Values 

Magellan Midstream regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Magellan Midstream P Backtested Returns

Macroaxis considers Magellan Midstream to be not too risky. Magellan Midstream P has Sharpe Ratio of -0.2272 which conveys that Magellan Midstream P had -0.2272% 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. Magellan Midstream exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Magellan Midstream Partners L P Mean Deviation of 0.4374 and Risk Adjusted Performance of (0.060462) to check out risk estimate we provide. Macroaxis gives Magellan Midstream performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of 0.1413 which conveys that as returns on market increase, Magellan Midstream returns are expected to increase less than the market. However during bear market, the loss on holding Magellan Midstream will be expected to be smaller as well.. Even though it is essential to pay attention to Magellan Midstream P 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. Magellan Midstream exposes twenty-one different technical indicators which can help you to evaluate its performance. Magellan Midstream P has expected return of -0.1247%. Please be advised to verify Magellan Midstream Partners L P Information Ratio as well as the relationship between Potential Upside and Kurtosis to decide if Magellan Midstream P past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.54) 

Good reverse predictability

Magellan Midstream Partners L P has good reverse predictability. Overlapping area represents the amount of predictability between Magellan Midstream time series from September 20, 2017 to October 5, 2017 and October 5, 2017 to October 20, 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 Magellan Midstream P price movement. The serial correlation of -0.54 indicates that about 54.0% of current Magellan Midstream price fluctuation can be explain by its past prices. Given that Magellan Midstream Partners L P has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Magellan Midstream for similar time interval.
Correlation Coefficient -0.54
Spearman Rank Test -0.56
Price Variance 1.01
Lagged Price Variance 0.12

Magellan Midstream Lagged Returns

 Regressed Prices 

Magellan Midstream Performance vs DOW

The median price of Magellan Midstream for the period between Wed, Sep 20, 2017 and Fri, Oct 20, 2017 is 70.52 with a coefficient of variation of 1.34. The daily time series for the period is distributed with a sample standard deviation of 0.94, arithmetic mean of 70.19, and mean deviation of 0.75. The Stock received some media coverage during the period.
Price Growth (%)  
Magellan Midstream Increases Quarterly Cash Distribution to ...10/19/2017