CJ Energy Backtesting

CJ Energy Services Inc -- USA Stock  

USD 34.88  0.54  1.57%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of CJ Energy Services Inc 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
 Time Horizon     30 Days    Login   to change

CJ Energy 'What if' Analysis

December 23, 2017
No Change 0.00  0.0%
In 31 days
January 22, 2018
If you would invest  0.00  in CJ Energy on December 23, 2017 and sell it all today you would earn a total of 0.00 from holding CJ Energy Services Inc or generate 0.0% return on investment in CJ Energy over 30 days. CJ Energy is related to or competes with Antero Resources, BP plc, Delek US, Diamond Offshore, and Ecopetrol S. CJ Energy is entity of United States. It is traded as Stock on NYSE MKT exchange.

CJ Energy Upside/Downside Indicators


CJ Energy Market Premium Indicators

CJ Energy Services lagged returns against current returns

 Current and Lagged Values 

CJ Energy regressed lagged prices vs. current prices

 Current vs Lagged Prices 

CJ Energy Services Backtested Returns

Macroaxis considers CJ Energy to be not too volatile. CJ Energy Services retains Efficiency (Sharpe Ratio) of -0.0108 which signifies that CJ Energy Services had -0.0108% 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 Inc Standard Deviation of 1.75, Market Risk Adjusted Performance of 0.5008 and Coefficient Of Variation of 481.36 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 0.7223 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 -0.0176%. Please be advised to confirm CJ Energy Services Inc Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to decide if CJ Energy Services past performance will be repeated sooner or later.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.73) 

Almost perfect reverse predictability

CJ Energy Services Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CJ Energy time series from December 23, 2017 to January 7, 2018 and January 7, 2018 to January 22, 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 -0.73 indicates that around 73.0% of current CJ Energy price fluctuation can be explain by its past prices. Given that CJ Energy Services Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of CJ Energy for similar time interval.
Correlation Coefficient -0.73
Spearman Rank Test 0.32
Price Variance 0.43
Lagged Price Variance 0.24

CJ Energy Lagged Returns

 Regressed Prices 

CJ Energy Performance vs DOW

The median price of CJ Energy for the period between Sat, Dec 23, 2017 and Mon, Jan 22, 2018 is 34.29 with a coefficient of variation of 2.73. The daily time series for the period is distributed with a sample standard deviation of 0.94, arithmetic mean of 34.26, and mean deviation of 0.7. The Stock did not receive any noticable media coverage during the period.
Price Growth (%)