BP plc Backtesting

BP -- USA Stock  

USD 44.35  0.35  0.80%

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

BP plc '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 BP plc on September 20, 2018 and sell it all today you would earn a total of 0.00 from holding BP plc or generate 0.0% return on investment in BP plc over 30 days. BP plc is related to or competes with Eni SPA, Adams Resources, EQT GP, Equinor ASA, Aegean Marine, and Cenovus Energy. It operates through three segments Upstream, Downstream, and Rosneft

BP plc Upside/Downside Indicators

Information Ratio0.0963
Maximum Drawdown4.54
Value At Risk1.87
Potential Upside1.45
  

BP plc Market Premium Indicators

Risk Adjusted Performance0.048956
Jensen Alpha0.0314
Total Risk Alpha0.12
Treynor Ratio0.11

BP plc Backtested Returns

Macroaxis considers BP plc to be not too risky. BP plc retains Efficiency (Sharpe Ratio) of -0.0455 which signifies that BP plc had -0.0455% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are 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. BP plc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm BP plc Standard Deviation of 1.15, Market Risk Adjusted Performance of 0.10 and Coefficient Of Variation of 2,199 to double-check risk estimate we provide. Macroaxis gives BP plc performance score of 0 on a scale of 0 to 100. The firm owns Beta (Systematic Risk) of 0.5418 which signifies that as returns on market increase, BP plc returns are expected to increase less than the market. However during bear market, the loss on holding BP plc will be expected to be smaller as well.. Even though it is essential to pay attention to BP plc existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are 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. BP plc exposes twenty-one different technical indicators which can help you to evaluate its performance. BP plc has expected return of -0.0522%. Please be advised to confirm BP plc Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if BP plc past performance will be repeated sooner or later.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.91) 

Near perfect reversele predictability

BP plc has near perfect reversele predictability. Overlapping area represents the amount of predictability between BP plc 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 BP plc price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current BP plc price fluctuation can be explain by its past prices. Given that BP plc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of BP plc for similar time interval.
Correlation Coefficient-0.91
Spearman Rank Test-0.66
Residual Average0.0
Price Variance0.7

BP plc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

BP plc regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

BP plc Lagged Returns

 Regressed Prices 
      Timeline 

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BP plc Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for BP plc and Eni S p. 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 BP plc Hype Analysis, BP plc Correlation, BP plc Valuation, BP plc Volatility as well as analyze BP plc Alpha and Beta and BP plc Performance. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.
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