Magellan Midstream Backtesting

MMP -- USA Stock  

USD 68.86  0.79  1.13%

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.
 Time Horizon     30 Days    Login   to change

Magellan Midstream 'What if' Analysis

May 25, 2018
No Change 0.00  0.0%
In 31 days
June 24, 2018
If you would invest  0.00  in Magellan Midstream on May 25, 2018 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, TechnipFMC plc, Halliburton, MRC Global, and NATL OILWELL. Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products...

Magellan Midstream Upside/Downside Indicators

Downside Deviation1.29
Information Ratio0.0547
Maximum Drawdown4.8
Value At Risk1.71
Potential Upside1.81

Magellan Midstream Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.0442

Magellan Midstream P Backtested Returns

We consider Magellan Midstream not too risky. Magellan Midstream P has Sharpe Ratio of 0.0748 which conveys that Magellan Midstream P had 0.0748% 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 1.29, Mean Deviation of 0.6939 and Risk Adjusted Performance of 0.01 to check out if risk estimate we provide are consistent with the epected return of 0.0817%. Magellan Midstream has performance score of 4 on a scale of 0 to 100. The company secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and Magellan Midstream are completely uncorrelated. 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 0.0817% will be sustainable into the future. Magellan Midstream P right now secures a risk of 1.0923%. 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(0.71) 

Almost perfect reverse predictability

Magellan Midstream Partners L P has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Magellan Midstream time series from May 25, 2018 to June 9, 2018 and June 9, 2018 to June 24, 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 Magellan Midstream P price movement. The serial correlation of -0.71 indicates that around 71.0% 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 -0.71
Spearman Rank Test -0.64
Price Variance 0.6
Lagged Price Variance 0.59

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 Lagged Returns

 Regressed Prices 

Current Sentiment - MMP

Magellan Midstream P Investor Sentiment
Greater number of Macroaxis users are now bullish on Magellan Midstream Partners L P. What is your trading attitude regarding investing in Magellan Midstream Partners L P? Are you bullish or bearish?
98% Bullish
2% Bearish

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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. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.