Antero Resources Backtesting

AR -- USA Stock  

USD 18.79  0.58  3.19%

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

Antero Resources 'What if' Analysis

September 20, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 20, 2018
0.00
If you would invest  0.00  in Antero Resources on September 20, 2018 and sell it all today you would earn a total of 0.00 from holding Antero Resources Corporation or generate 0.0% return on investment in Antero Resources over 30 days. Antero Resources is related to or competes with Halcn Resources, Parsley Energy, Dorchester Minerals, Earthstone Energy, Diamondback Energy, and Falcon Minerals. Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops nat...

Antero Resources Upside/Downside Indicators

Information Ratio0.07
Maximum Drawdown7.83
Value At Risk3.59
Potential Upside3.18
  

Antero Resources Market Premium Indicators

Risk Adjusted Performance0.15
Jensen Alpha0.29
Total Risk Alpha0.0359
Treynor Ratio0.85

Antero Resources Backtested Returns

Macroaxis considers Antero Resources to be not very risky. Antero Resources secures Sharpe Ratio (or Efficiency) of -0.1403 which signifies that Antero Resources had -0.1403% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing 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. Antero Resources Corporation exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Antero Resources Risk Adjusted Performance of 0.15 and Mean Deviation of 1.88 to double-check risk estimate we provide. Macroaxis gives Antero Resources performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.4186 which signifies that as returns on market increase, Antero Resources returns are expected to increase less than the market. However during bear market, the loss on holding Antero Resources will be expected to be smaller as well.. Even though it is essential to pay attention to Antero Resources historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing 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. Antero Resources Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Antero Resources has expected return of -0.3476%. Please be advised to confirm Antero Resources Variance, Maximum Drawdown as well as the relationship between Maximum Drawdown and Semi Variance to decide if Antero Resources past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.04) 

Very weak reverse predictability

Antero Resources Corporation has very weak reverse predictability. Overlapping area represents the amount of predictability between Antero Resources time series from September 20, 2018 to October 5, 2018 and October 5, 2018 to October 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 Antero Resources price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Antero Resources price fluctuation can be explain by its past prices. Given that Antero Resources Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Antero Resources for similar time interval.
Correlation Coefficient-0.04
Spearman Rank Test0.16
Residual Average0.0
Price Variance0.15

Antero Resources lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Antero Resources regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Antero Resources Lagged Returns

 Regressed Prices 
      Timeline 

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Antero Resources Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Antero Resources and Halcn Resources. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Check also Antero Resources Hype Analysis, Antero Resources Correlation, Antero Resources Valuation, Antero Resources Volatility as well as analyze Antero Resources Alpha and Beta and Antero Resources Performance. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.
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