CJ Energy Backtesting

CJ -- USA Stock  

USD 20.26  0.22  1.10%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of CJ Energy Services and determine expected loss or profit from investing in CJ Energy over given investment horizon. Check also CJ Energy Hype Analysis, CJ Energy Correlation, CJ Energy Valuation, CJ Energy Volatility as well as analyze CJ Energy Alpha and Beta and CJ Energy Performance.
Horizon     30 Days    Login   to change
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CJ Energy '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 CJ Energy on September 20, 2018 and sell it all today you would earn a total of 0.00 from holding CJ Energy Services or generate 0.0% return on investment in CJ Energy over 30 days. CJ Energy is related to or competes with Franks International, ION Geophysical, Newpark Resources, NOW, Dawson Geophysical, and Enservco. CJ Energy Services, Inc. provides well construction, well completion, well support, and other complementary oilfield ser...

CJ Energy Upside/Downside Indicators

Information Ratio0.08
Maximum Drawdown11.0
Value At Risk5.39
Potential Upside2.08
  

CJ Energy Market Premium Indicators

Risk Adjusted Performance0.15
Jensen Alpha0.30
Total Risk Alpha0.028
Treynor Ratio1.17

CJ Energy Services Backtested Returns

Macroaxis considers CJ Energy to be not very risky. CJ Energy Services retains Efficiency (Sharpe Ratio) of -0.1472 which signifies that CJ Energy Services had -0.1472% 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. CJ Energy exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CJ Energy Services Standard Deviation of 2.42, Market Risk Adjusted Performance of 1.16 and Coefficient Of Variation of 698.91 to double-check risk estimate we provide. Macroaxis gives CJ Energy performance score of 0 on a scale of 0 to 100. The firm owns Beta (Systematic Risk) of 0.3053 which signifies that as returns on market increase, CJ Energy returns are expected to increase less than the market. However during bear market, the loss on holding CJ Energy will be expected to be smaller as well.. Even though it is essential to pay attention to CJ Energy Services 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. CJ Energy exposes twenty-one different technical indicators which can help you to evaluate its performance. CJ Energy Services has expected return of -0.3678%. Please be advised to confirm CJ Energy Services Jensen Alpha, Semi Variance and the relationship between Standard Deviation and Value At Risk to decide if CJ Energy Services past performance will be repeated sooner or later.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.78 

Good predictability

CJ Energy Services has good predictability. Overlapping area represents the amount of predictability between CJ Energy 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 CJ Energy Services price movement. The serial correlation of 0.78 indicates that around 78.0% of current CJ Energy price fluctuation can be explain by its past prices.
Correlation Coefficient0.78
Spearman Rank Test0.5
Residual Average0.0
Price Variance0.58

CJ Energy Services lagged returns against current returns

 Current and Lagged Values 
      Timeline 

CJ Energy regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

CJ Energy Lagged Returns

 Regressed Prices 
      Timeline 

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CJ Energy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for CJ Energy and Franks International. 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 CJ Energy Hype Analysis, CJ Energy Correlation, CJ Energy Valuation, CJ Energy Volatility as well as analyze CJ Energy Alpha and Beta and CJ Energy Performance. Please also try Portfolio Quick Import module to import or update all your transactions via one easy-to-use interface.
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