Chevron Backtesting

CVX -- USA Stock  

USD 118.65  0.78  0.66%

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

Chevron 'What if' Analysis

March 25, 2019
0.00
No Change 0.00  0.0%
In 2 months and 2 days
May 24, 2019
0.00
If you would invest  0.00  in Chevron on March 25, 2019 and sell it all today you would earn a total of 0.00 from holding Chevron Corporation or generate 0.0% return on investment in Chevron over 60 days. Chevron is related to or competes with Ecopetrol, Petrleo Brasileiro, and American Express. Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwi...

Chevron Upside/Downside Indicators

Information Ratio(0.07)
Maximum Drawdown6.35
Value At Risk(2.24)
Potential Upside1.7

Chevron Market Premium Indicators

Risk Adjusted Performance(0.042268)
Jensen Alpha(0.10)
Total Risk Alpha(0.08)
Treynor Ratio(2.81)

Chevron Backtested Returns

Macroaxis considers Chevron to be very steady. Chevron secures Sharpe Ratio (or Efficiency) of -0.0736 which signifies that the organization had -0.0736% of return per unit of standard deviation over the last 2 months. 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-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Chevron Mean Deviation of 0.8492 and Risk Adjusted Performance of (0.042268) to double-check risk estimate we provide. The firm shows Beta (market volatility) of 0.0357 which signifies that as returns on market increase, Chevron returns are expected to increase less than the market. However during bear market, the loss on holding Chevron will be expected to be smaller as well. 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-eight different technical indicators which can help you to evaluate its performance. Chevron has expected return of -0.0934%. Please be advised to confirm Chevron Potential Upside, and the relationship between Jensen Alpha and Accumulation Distribution to decide if Chevron past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.42) 
correlation synergy

Modest reverse predictability

Chevron Corporation has modest reverse predictability. Overlapping area represents the amount of predictability between Chevron time series from March 25, 2019 to April 24, 2019 and April 24, 2019 to May 24, 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 Chevron price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Chevron price fluctuation can be explain by its past prices. Given that Chevron Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Chevron for similar time interval.
Correlation Coefficient-0.42
Spearman Rank Test-0.11
Residual Average0.0
Price Variance2.54

Chevron lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Chevron regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Chevron Lagged Returns

 Regressed Prices 
      Timeline 

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Chevron Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Chevron and Eni S p. 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 Chevron Hype Analysis, Chevron Correlation, Chevron Valuation, Chevron Volatility as well as analyze Chevron Alpha and Beta and Chevron Performance. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.
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