Churchill Capital Backtesting

CCC -- USA Stock  

USD 16.83  0.02  0.12%

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

June 21, 2019
0.00
No Change 0.00  0.0%
In 3 months and 1 day
September 19, 2019
0.00
If you would invest  0.00  in Churchill Capital on June 21, 2019 and sell it all today you would earn a total of 0.00 from holding Churchill Capital Corp or generate 0.0% return on investment in Churchill Capital over 90 days. Churchill Capital is related to or competes with UMICORE, Federal Signal, Evoqua Water, Select Energy, Heritage Crystal, Energy Recovery, and CECO Environmental. Churchill Capital Corp, a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition,...

Churchill Capital Upside/Downside Indicators

Downside Deviation2.01
Information Ratio0.1302
Maximum Drawdown11.46
Value At Risk(2.24)
Potential Upside3.57

Churchill Capital Market Premium Indicators

Risk Adjusted Performance0.1403
Jensen Alpha0.2806
Total Risk Alpha0.2158
Sortino Ratio0.1241
Treynor Ratio(5.85)

Churchill Capital Corp Backtested Returns

Macroaxis considers Churchill Capital somewhat reliable given 3 months investment horizon. Churchill Capital Corp secures Sharpe Ratio (or Efficiency) of 0.1084 which signifies that the organization had 0.1084% 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 Churchill Capital Corp which you can use to evaluate future volatility of the firm. Please makes use of Churchill Capital Corp Risk Adjusted Performance of 0.1403, Mean Deviation of 1.27 and Downside Deviation of 2.01 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Churchill Capital holds performance score of 7. The firm shows Beta (market volatility) of -0.0477 which signifies that as returns on market increase, returns on owning Churchill Capital are expected to decrease at a much smaller rate. During bear market, Churchill Capital is likely to outperform the market. Although it is extremely important to respect Churchill Capital Corp historical returns, it is better to be realistic regarding the information on 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 Churchill Capital Corp technical indicators you can presently evaluate if the expected return of 0.2096% will be sustainable into the future. Please makes use of Churchill Capital Corp Jensen Alpha, Potential Upside, Skewness, as well as the relationship between Maximum Drawdown and Semi Variance to make a quick decision on weather Churchill Capital price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.02) 
correlation synergy

Very weak reverse predictability

Churchill Capital Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Churchill Capital time series from June 21, 2019 to August 5, 2019 and August 5, 2019 to September 19, 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 Churchill Capital Corp price movement. The serial correlation of -0.02 indicates that only 2.0% of current Churchill Capital price fluctuation can be explain by its past prices. Given that Churchill Capital Corp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Churchill Capital for similar time interval.
Correlation Coefficient-0.02
Spearman Rank Test0.07
Residual Average0.0
Price Variance0.28

Churchill Capital Corp lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Churchill Capital regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Churchill Capital Lagged Returns

 Regressed Prices 
      Timeline 

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Fundamentals Matrix

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Churchill Capital Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Churchill Capital and UMICORE. 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 Churchill Capital Hype Analysis, Churchill Capital Correlation, Churchill Capital Valuation, Churchill Capital Volatility as well as analyze Churchill Capital Alpha and Beta and Churchill Capital Performance. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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