Chevron Backtesting

CVX -- USA Stock  

USD 125.69  0.28  0.22%

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.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Chevron 'What if' Analysis

May 20, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 19, 2018
0.00
If you would invest  0.00  in Chevron on May 20, 2018 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 30 days. Chevron is related to or competes with SM Energy, Apache, Anadarko Petroleum, Chesapeake Energy, Cabot Oil, ConocoPhillips, and CHEVRON CORP. Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwi...

Chevron Upside/Downside Indicators

Information Ratio0.08
Maximum Drawdown5.06
Value At Risk1.95
Potential Upside2.9
  

Chevron Market Premium Indicators

Risk Adjusted Performance0.01

Chevron Backtested Returns

Macroaxis considers Chevron to be not too risky. Chevron secures Sharpe Ratio (or Efficiency) of -0.0854 which signifies that Chevron had -0.0854% 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-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 1.09 and Risk Adjusted Performance of 0.01 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 0.0 which signifies that the returns on MARKET and Chevron are completely uncorrelated. 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 -0.1268%. 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(0.68) 

Very good reverse predictability

Chevron Corporation has very good reverse predictability. Overlapping area represents the amount of predictability between Chevron time series from May 20, 2018 to June 4, 2018 and June 4, 2018 to June 19, 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 Chevron price movement. The serial correlation of -0.68 indicates that around 68.0% 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 -0.68
Spearman Rank Test -0.05
Price Variance 3.79
Lagged Price Variance 7.57

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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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Chevron and SM Energy. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.