Barnes Backtesting

B -- USA Stock  

Fiscal Quarter End: December 31, 2019  

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

Barnes 'What if' Analysis

August 16, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
November 14, 2019
0.00
If you would invest  0.00  in Barnes on August 16, 2019 and sell it all today you would earn a total of 0.00 from holding Barnes Group or generate 0.0% return on investment in Barnes over 90 days. Barnes is related to or competes with Ampco Pittsburgh, Babcock Wilcox, Crane, Curtiss Wright, General Electric, and Hillenbrand. Barnes Group Inc. operates as an industrial and aerospace manufacturer, and service provider in the United States and in...

Barnes Upside/Downside Indicators

Downside Deviation1.9
Information Ratio0.1551
Maximum Drawdown16.65
Value At Risk(3.56)
Potential Upside4.12

Barnes Market Premium Indicators

Risk Adjusted Performance0.1646
Jensen Alpha0.3328
Total Risk Alpha0.23
Sortino Ratio0.2023
Treynor Ratio0.2771

Barnes Group Backtested Returns

Macroaxis considers Barnes not too volatile given 3 months investment horizon. Barnes Group secures Sharpe Ratio (or Efficiency) of 0.193 which signifies that the organization had 0.193% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Barnes Group which you can use to evaluate future volatility of the firm. Please makes use of Barnes Group Risk Adjusted Performance of 0.1646, Mean Deviation of 1.7 and Downside Deviation of 1.9 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Barnes holds performance score of 13. The firm shows Beta (market volatility) of 1.6694 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Barnes will likely underperform. Although it is vital to follow to Barnes Group historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards foreseeing 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 Barnes Group technical indicators you can presently evaluate if the expected return of 0.4753% will be sustainable into the future. Please makes use of Barnes Group Value At Risk, Expected Short fall and the relationship between Treynor Ratio and Downside Variance to make a quick decision on weather Barnes price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.87 
correlation synergy

Very good predictability

Barnes Group has very good predictability. Overlapping area represents the amount of predictability between Barnes time series from August 16, 2019 to September 30, 2019 and September 30, 2019 to November 14, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Barnes Group price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Barnes price fluctuation can be explain by its past prices.
Correlation Coefficient0.87
Spearman Rank Test0.76
Residual Average0.0
Price Variance20.16

Barnes Group lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Barnes regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Barnes Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - B

Barnes Group Investor Sentiment

More than half of Macroaxis users are currently bullish on Barnes Group. What is your opinion about investing in Barnes Group? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Barnes Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Barnes and Ampco Pittsburgh. 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
Run Pair Correlation  
Check also Barnes Hype Analysis, Barnes Correlation, Barnes Valuation, Barnes Volatility as well as analyze Barnes Alpha and Beta and Barnes Performance. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.
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