Barnes Backtesting

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B -- USA Stock  

Sell-off Trend

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. Continue to Barnes Hype Analysis, Barnes Correlation, Barnes Valuation, Barnes Volatility as well as analyze Barnes Alpha and Beta and Barnes Performance.

Barnes 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in Barnes on November 28, 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 General Electric, Hillenbrand, Franklin Electric, Actuant Corp, Crane, Babcock Wilcox, and Ingersoll Rand. Barnes Group Inc. operates as an industrial and aerospace manufacturer, and service provider in the United States and in...

Barnes Upside/Downside Indicators

Information Ratio0.0094
Maximum Drawdown12.56
Value At Risk(2.47)
Potential Upside2.41

Barnes Market Premium Indicators

Risk Adjusted Performance(0.005324)
Jensen Alpha(0.004966)
Total Risk Alpha0.0576
Treynor Ratio(0.06)

Barnes Group Backtested Returns

Macroaxis considers Barnes to be very steady. Barnes Group secures Sharpe Ratio (or Efficiency) of -0.0282 which signifies that the organization had -0.0282% of return per unit of risk over the last 3 months. 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. Barnes Group exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Barnes Group Mean Deviation of 1.23 and Risk Adjusted Performance of (0.005324) to double-check risk estimate we provide. The firm shows Beta (market volatility) of 0.5161, which signifies that as returns on market increase, Barnes returns are expected to increase less than the market. However during bear market, the loss on holding Barnes will be expected to be smaller as well. Even though it is essential to pay attention to Barnes Group 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. Barnes Group exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Barnes Group has an expected return of -0.0528%. Please be advised to confirm Barnes Group Total Risk Alpha, Value At Risk, Expected Short fall, as well as the relationship between Treynor Ratio and Downside Variance to decide if Barnes Group stock performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.09 
correlation synergy

Virtually no predictability

Barnes Group has virtually no predictability. Overlapping area represents the amount of predictability between Barnes time series from November 28, 2019 to January 12, 2020 and January 12, 2020 to February 26, 2020. 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 0.09 indicates that less than 9.0% of current Barnes price fluctuation can be explain by its past prices.
Correlation Coefficient0.09
Spearman Rank Test0.11
Residual Average0.0
Price Variance0.97

Barnes Group lagged returns against current returns

 Current and Lagged Values 

Barnes regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Barnes Lagged Returns

 Regressed Prices 

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?
98% Bullish
2% Bearish

Barnes Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Barnes and General Electric. 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  
Continue to Barnes Hype Analysis, Barnes Correlation, Barnes Valuation, Barnes Volatility as well as analyze Barnes Alpha and Beta and Barnes Performance. Please also try Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..