Chevron Backtesting

CVX -- USA Stock  

Fiscal Quarter End: December 31, 2019  

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

September 13, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
December 12, 2019
0.00
If you would invest  0.00  in Chevron on September 13, 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 90 days. Chevron is related to or competes with Petroleo Brasileiro, Equinor ASA, Cenovus Energy, National Fuel, Ecopetrol, Eni SPA, and Adams Resources. Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwi...

Chevron Upside/Downside Indicators

Information Ratio(0.09)
Maximum Drawdown7.96
Value At Risk(2.18)
Potential Upside1.63

Chevron Market Premium Indicators

Risk Adjusted Performance(0.024063)
Jensen Alpha(0.12)
Total Risk Alpha(0.17)
Treynor Ratio(0.08)

Chevron Backtested Returns

Macroaxis considers Chevron to be very steady. Chevron secures Sharpe Ratio (or Efficiency) of -0.0463 which signifies that the organization had -0.0463% of return per unit of standard deviation over the last 3 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-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 0.8989 and Risk Adjusted Performance of (0.024063) to double-check risk estimate we provide. The firm shows Beta (market volatility) of 0.9665 which signifies that Chevron returns are very sensitive to returns on the market. as market goes up or down, Chevron is expected to follow. 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 -0.0617%. 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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.08 
correlation synergy

Virtually no predictability

Chevron Corporation has virtually no predictability. Overlapping area represents the amount of predictability between Chevron time series from September 13, 2019 to October 28, 2019 and October 28, 2019 to December 12, 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 0.08 indicates that barely 8.0% of current Chevron price fluctuation can be explain by its past prices.
Correlation Coefficient0.08
Spearman Rank Test0.43
Residual Average0.0
Price Variance4.03

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 

Current Sentiment - CVX

Chevron Investor Sentiment

Predominant part of Macroaxis users are currently bullish on Chevron Corporation. What is your opinion about investing in Chevron Corporation? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Chevron Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Chevron and Petroleo Brasileiro. 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 Chevron Hype Analysis, Chevron Correlation, Chevron Valuation, Chevron Volatility as well as analyze Chevron Alpha and Beta and Chevron Performance. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.
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