Magellan Midstream Backtesting

Magellan Midstream Partners L P -- USA Stock  

USD 68.61  0.2  0.29%

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

November 13, 2017
No Change 0.00  0.0%
In 31 days
December 13, 2017
If you would invest  0.00  in Magellan Midstream on November 13, 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

We consider Magellan Midstream not too risky. Magellan Midstream P has Sharpe Ratio of 0.1658 which conveys that Magellan Midstream P had 0.1658% of return per unit of risk over the last 1 month. Our philosophy towards estimating volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Magellan Midstream which you can use to evaluate future volatility of the firm. Please verify Magellan Midstream Partners L P Downside Deviation of 1.0, Mean Deviation of 0.8558 and Risk Adjusted Performance of 0.0765 to check out if risk estimate we provide are consistent with the epected return of 0.1964%. Magellan Midstream has performance score of 10 on a scale of 0 to 100. The company secures Beta (Market Risk) of 1.0503 which conveys that Magellan Midstream returns are very sensitive to returns on the market. as market goes up or down, Magellan Midstream is expected to follow.. Although it is extremely important to respect Magellan Midstream P price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Magellan Midstream P technical indicators you can presently evaluate if the expected return of 0.1964% will be sustainable into the future. Magellan Midstream P right now secures a risk of 1.1843%. Please verify Magellan Midstream Partners L P Information Ratio as well as the relationship between Potential Upside and Kurtosis to decide if Magellan Midstream Partners L P will be following its current price movements.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.13) 

Insignificant reverse predictability

Magellan Midstream Partners L P has insignificant reverse predictability. Overlapping area represents the amount of predictability between Magellan Midstream time series from November 13, 2017 to November 28, 2017 and November 28, 2017 to December 13, 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 -0.13 indicates that less than 13.0% 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 -0.13
Spearman Rank Test 0.65
Price Variance 1.16
Lagged Price Variance 0.25

Magellan Midstream Lagged Returns

 Regressed Prices 

Magellan Midstream Performance vs DOW

The median price of Magellan Midstream for the period between Mon, Nov 13, 2017 and Wed, Dec 13, 2017 is 66.22 with a coefficient of variation of 1.89. The daily time series for the period is distributed with a sample standard deviation of 1.25, arithmetic mean of 66.35, and mean deviation of 1.07. The Stock received some media coverage during the period.
Price Growth (%)  
What is the Schaff Indicator Suggesting For Magellan Midstre...12/13/2017