CJ Energy Backtesting

CJ -- USA Stock  

USD 22.22  0.09  0.41%

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.
 Time Horizon     30 Days    Login   to change
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Backtest

CJ Energy 'What if' Analysis

June 23, 2018
0.00
No Change 0.00  0.0%
In 30 days
July 23, 2018
0.00
If you would invest  0.00  in CJ Energy on June 23, 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, Newpark Resources, NOW, Dawson Geophysical, Emerge Energy, and ENSERVCO CORP. CJ Energy Services, Inc. provides well construction, well completion, well support, and other complementary oilfield ser...

CJ Energy Upside/Downside Indicators

Information Ratio0.20
Maximum Drawdown10.58
Value At Risk4.92
Potential Upside2.54
  

CJ Energy Market Premium Indicators

Risk Adjusted Performance0.06
Jensen Alpha0.27
Total Risk Alpha0.96
Treynor Ratio0.4199

CJ Energy Services Backtested Returns

Macroaxis considers CJ Energy to be not very risky. CJ Energy Services retains Efficiency (Sharpe Ratio) of -0.1527 which signifies that CJ Energy Services had -0.1527% 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 2.4, Market Risk Adjusted Performance of 0.4299 and Coefficient Of Variation of 660.57 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 -0.8893 which signifies that . 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 -0.2517%. 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 0.42 

Average predictability

CJ Energy Services has average predictability. Overlapping area represents the amount of predictability between CJ Energy time series from June 23, 2018 to July 8, 2018 and July 8, 2018 to July 23, 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 0.42 indicates that just about 42.0% of current CJ Energy price fluctuation can be explain by its past prices.
Correlation Coefficient 0.42
Spearman Rank Test 0.72
Price Variance 0.2
Lagged Price Variance 0.22

CJ Energy Services lagged returns against current returns

 Current and Lagged Values 
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CJ Energy regressed lagged prices vs. current prices

 Current vs Lagged Prices 
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CJ Energy Lagged Returns

 Regressed Prices 
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Current Sentiment - CJ

CJ Energy Services Investor Sentiment
Macroaxis portfolio users are unresponsive in their opinion about investing in CJ Energy Services. What is your opinion about investing in CJ Energy Services? Are you bullish or bearish?
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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for CJ Energy and Franks International N. 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  
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 Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.
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