Dominion Energy Backtesting

D -- USA Stock  

0.918 Dividend

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

Dominion Energy 'What if' Analysis

September 9, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
December 8, 2019
0.00
If you would invest  0.00  in Dominion Energy on September 9, 2019 and sell it all today you would earn a total of 0.00 from holding Dominion Energy or generate 0.0% return on investment in Dominion Energy over 90 days. Dominion Energy is related to or competes with FirstEnergy Corp, Just Energy, AES, Allete, Avista, and Brookfield Infrastructure. The companys Power Delivery segment engages in the regulated electric transmission and distribution operations that serv...

Dominion Energy Upside/Downside Indicators

Downside Deviation0.8044
Information Ratio(0.002266)
Maximum Drawdown4.66
Value At Risk(1.34)
Potential Upside1.3

Dominion Energy Market Premium Indicators

Risk Adjusted Performance0.0575
Jensen Alpha0.0339
Total Risk Alpha(0.020101)
Sortino Ratio(0.002196)
Treynor Ratio0.1412

Dominion Energy Backtested Returns

We consider Dominion Energy very steady. Dominion Energy secures Sharpe Ratio (or Efficiency) of 0.1145 which denotes the organization had 0.1145% of return per unit of risk over the last 3 months. Our philosophy towards predicting 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-seven technical indicators for Dominion Energy which you can use to evaluate future volatility of the firm. Please confirm Dominion Energy Downside Deviation of 0.8044, Coefficient Of Variation of 1093.18 and Mean Deviation of 0.559 to check if risk estimate we provide are consistent with the epected return of 0.0874%. Dominion Energy has performance score of 7 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.4343 which denotes to the fact that as returns on market increase, Dominion Energy returns are expected to increase less than the market. However during bear market, the loss on holding Dominion Energy will be expected to be smaller as well. Although it is extremely important to respect Dominion Energy historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards predicting 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 reviewing Dominion Energy technical indicators you can presently evaluate if the expected return of 0.0874% will be sustainable into the future. Dominion Energy right now shows a risk of 0.7635%. Please confirm Dominion Energy Treynor Ratio, Downside Variance and the relationship between Total Risk Alpha and Value At Risk to decide if Dominion Energy will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.10) 
correlation synergy

Very weak reverse predictability

Dominion Energy has very weak reverse predictability. Overlapping area represents the amount of predictability between Dominion Energy time series from September 9, 2019 to October 24, 2019 and October 24, 2019 to December 8, 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 Dominion Energy price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Dominion Energy price fluctuation can be explain by its past prices. Given that Dominion Energy has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Dominion Energy for similar time interval.
Correlation Coefficient-0.1
Spearman Rank Test0.22
Residual Average0.0
Price Variance1.17

Dominion Energy lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Dominion Energy regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Dominion Energy Lagged Returns

 Regressed Prices 
      Timeline 

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Chance of Distress

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Dominion Energy Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Dominion Energy and FirstEnergy Corp. 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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Additionally see Dominion Energy Hype Analysis, Dominion Energy Correlation, Dominion Energy Valuation, Dominion Energy Volatility as well as analyze Dominion Energy Alpha and Beta and Dominion Energy Performance. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.
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