Ecopetrol Backtesting

EC -- USA Stock  

USD 26.32  0.53  2.06%

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

Ecopetrol 'What if' Analysis

August 19, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 18, 2018
0.00
If you would invest  0.00  in Ecopetrol on August 19, 2018 and sell it all today you would earn a total of 0.00 from holding Ecopetrol S A or generate 0.0% return on investment in Ecopetrol over 30 days. Ecopetrol is related to or competes with Eni SPA, Adams Resources, BP plc, EQT GP, Equinor ASA, and Aegean Marine. Ecopetrol S.A. operates as an integrated oil and gas company

Ecopetrol Upside/Downside Indicators

Downside Deviation1.02
Information Ratio0.2194
Maximum Drawdown12.96
Value At Risk1.28
Potential Upside2.17
  

Ecopetrol Market Premium Indicators

Risk Adjusted Performance0.1012
Jensen Alpha0.7614
Total Risk Alpha0.0881
Sortino Ratio0.5836
Treynor Ratio0.64

Ecopetrol S A Backtested Returns

Ecopetrol is moderately volatile given 1 month investment horizon. Ecopetrol S A secures Sharpe Ratio (or Efficiency) of 0.3704 which denotes Ecopetrol S A had 0.3704% of return per unit of risk over the last 1 month. Our philosophy towards predicting risk of a stock is to use both market data as well as company specific technical data. We found twenty-seven different technical indicators which can help you to evaluate if expected returns of 1.0232% are justified by taking the suggested risk. Use Ecopetrol Standard Deviation of 2.73, Mean Deviation of 1.58 and Coefficient Of Variation of 396.5 to evaluate company specific risk that cannot be diversified away. Ecopetrol holds performance score of 24 on a scale of zero to a hundred. The firm shows Beta (market volatility) of -1.0593 which denotes to the fact that . Although it is vital to follow to Ecopetrol S A historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. Macroaxis philosophy towards predicting future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Ecopetrol S A expected return of 1.0232 will be sustainable into the future, we have found twenty-seven different technical indicators which can help you to check if the expected returns are sustainable. Use Ecopetrol Total Risk Alpha, Value At Risk, Expected Short fall, as well as the relationship between Treynor Ratio and Downside Variance to analyze future returns on Ecopetrol.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.70 

Good predictability

Ecopetrol S A has good predictability. Overlapping area represents the amount of predictability between Ecopetrol time series from August 19, 2018 to September 3, 2018 and September 3, 2018 to September 18, 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 Ecopetrol S A price movement. The serial correlation of 0.7 indicates that around 70.0% of current Ecopetrol price fluctuation can be explain by its past prices.
Correlation Coefficient0.7
Spearman Rank Test0.85
Residual Average0.0
Price Variance2.74

Ecopetrol S A lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Ecopetrol regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Ecopetrol Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - EC

Ecopetrol S A Investor Sentiment

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

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Ecopetrol 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
Run Pair Correlation  
Additionally see Ecopetrol Hype Analysis, Ecopetrol Correlation, Ecopetrol Valuation, Ecopetrol Volatility as well as analyze Ecopetrol Alpha and Beta and Ecopetrol Performance. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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