Magellan Midstream Backtesting

MMP -- USA Stock  

USD 68.68  0.18  0.26%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Magellan Midstream 'What if' Analysis

August 21, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 20, 2018
0.00
If you would invest  0.00  in Magellan Midstream on August 21, 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 Antero Midstream, Dominion Energy, NuStar Energy, Enable Midstream, EnLink Midstream, EnLink Midstream, and Buckeye Partners. Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products...

Magellan Midstream Upside/Downside Indicators

Information Ratio0.44
Maximum Drawdown2.53
Value At Risk1.14
Potential Upside0.8497
  

Magellan Midstream Market Premium Indicators

Risk Adjusted Performance0.11
Jensen Alpha0.24
Total Risk Alpha0.34
Treynor Ratio0.32

Magellan Midstream Backtested Returns

Macroaxis considers Magellan Midstream to be not too risky. Magellan Midstream has Sharpe Ratio of -0.2168 which conveys that Magellan Midstream had -0.2168% 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-eight 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 0.4993 and Risk Adjusted Performance of 0.11 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 0.5966 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 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-eight different technical indicators which can help you to evaluate its performance. Magellan Midstream has expected return of -0.1312%. Please be advised to verify Magellan Midstream Partners L P Potential Upside, and the relationship between Total Risk Alpha and Kurtosis to decide if Magellan Midstream past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.06) 

Very weak reverse predictability

Magellan Midstream Partners L P has very weak reverse predictability. Overlapping area represents the amount of predictability between Magellan Midstream time series from August 21, 2018 to September 5, 2018 and September 5, 2018 to September 20, 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 price movement. The serial correlation of -0.06 indicates that barely 6.0% 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-0.06
Spearman Rank Test0.01
Residual Average0.0
Price Variance0.1

Magellan Midstream lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Magellan Midstream regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Magellan Midstream Lagged Returns

 Regressed Prices 
      Timeline 

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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 Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.
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