Curtiss Wright Backtesting

CW -- 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 Curtiss Wright Corporation and determine expected loss or profit from investing in Curtiss Wright over given investment horizon. Check also Curtiss Wright Hype Analysis, Curtiss Wright Correlation, Curtiss Wright Valuation, Curtiss Wright Volatility as well as analyze Curtiss Wright Alpha and Beta and Curtiss Wright Performance.
Horizon     30 Days    Login   to change

Curtiss Wright 'What if' Analysis

September 15, 2019
No Change 0.00  0.0 
In 2 months and 31 days
December 14, 2019
If you would invest  0.00  in Curtiss Wright on September 15, 2019 and sell it all today you would earn a total of 0.00 from holding Curtiss Wright Corporation or generate 0.0% return on investment in Curtiss Wright over 90 days. Curtiss Wright is related to or competes with Barnes, Ampco Pittsburgh, Babcock Wilcox, Crane, General Electric, and Hillenbrand. Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, a...

Curtiss Wright Upside/Downside Indicators

Downside Deviation1.35
Information Ratio0.0686
Maximum Drawdown5.24
Value At Risk(2.00)
Potential Upside1.71

Curtiss Wright Market Premium Indicators

Risk Adjusted Performance0.0744
Jensen Alpha0.0792
Total Risk Alpha0.0391
Sortino Ratio0.0593
Treynor Ratio0.122

Curtiss Wright Backtested Returns

We consider Curtiss Wright very steady. Curtiss Wright secures Sharpe Ratio (or Efficiency) of 0.1023 which signifies that the organization had 0.1023% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Curtiss Wright Corporation which you can use to evaluate future volatility of the firm. Please confirm Curtiss Wright Downside Deviation of 1.35, Risk Adjusted Performance of 0.0744 and Mean Deviation of 0.8357 to double-check if risk estimate we provide are consistent with the epected return of 0.1207%. Curtiss Wright has performance score of 6 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.0153 which signifies that Curtiss Wright returns are very sensitive to returns on the market. as market goes up or down, Curtiss Wright is expected to follow. Although it is extremely important to respect Curtiss Wright historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Curtiss Wright technical indicators you can presently evaluate if the expected return of 0.1207% will be sustainable into the future. Curtiss Wright right now shows a risk of 1.18%. Please confirm Curtiss Wright Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Curtiss Wright will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.14) 
correlation synergy

Insignificant reverse predictability

Curtiss Wright Corporation has insignificant reverse predictability. Overlapping area represents the amount of predictability between Curtiss Wright time series from September 15, 2019 to October 30, 2019 and October 30, 2019 to December 14, 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 Curtiss Wright price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Curtiss Wright price fluctuation can be explain by its past prices. Given that Curtiss Wright Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Curtiss Wright for similar time interval.
Correlation Coefficient-0.14
Spearman Rank Test-0.18
Residual Average0.0
Price Variance6.0

Curtiss Wright lagged returns against current returns

 Current and Lagged Values 

Curtiss Wright regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Curtiss Wright Lagged Returns

 Regressed Prices 

Current Sentiment - CW

Curtiss Wright Investor Sentiment

Larger part of Macroaxis users are currently bullish on Curtiss Wright Corporation. What is your opinion about investing in Curtiss Wright Corporation? Are you bullish or bearish?
98% Bullish
2% Bearish

Curtiss Wright Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Curtiss Wright and Barnes Group. 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 Curtiss Wright Hype Analysis, Curtiss Wright Correlation, Curtiss Wright Valuation, Curtiss Wright Volatility as well as analyze Curtiss Wright Alpha and Beta and Curtiss Wright Performance. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.