Chevron Backtested Returns
Macroaxis considers Chevron to be not too risky. Chevron
secures Sharpe Ratio (or Efficiency) of -0.0629 which signifies that Chevron
had -0.0629% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in 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
. Chevron Corporation exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Chevron Mean Deviation
of 0.6538 and Risk Adjusted Performance
of (0.014655) to double-check risk estimate we provide. Macroaxis gives Chevron performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.7638 which signifies that as returns on market increase, returns on owning Chevron are expected to decrease at a much smaller rate. During bear market, Chevron is likely to outperform the market.. Even though it is essential to pay attention to Chevron historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in 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. Chevron Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Chevron has expected return of -0.0713%. Please be advised to confirm Chevron Market Risk Adjusted Performance, Variance as well as the relationship between Variance and Potential Upside to decide if Chevron past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
Chevron Corporation has no correlation between past and present. Overlapping area represents the amount of predictability between Chevron time series from October 25, 2017 to November 9, 2017 and November 9, 2017 to November 24, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chevron price movement. The serial correlation of 0.0 indicates that just 0.0% of current Chevron price fluctuation can be explain by its past prices.
|Average Price|| 116.51|
|Lagged Average Price|| 116.51|
Chevron Lagged Returns