Ecopetrol S Backtesting

EC -- USA Stock  

USD 20.55  0.80  4.05%

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 S over given investment horizon. Additionally see Ecopetrol S Hype Analysis, Ecopetrol S Correlation, Ecopetrol S Valuation, Ecopetrol S Volatility as well as analyze Ecopetrol S Alpha and Beta and Ecopetrol S Performance.
 Time Horizon     30 Days    Login   to change

Ecopetrol S 'What if' Analysis

May 22, 2018
No Change 0.00  0.0%
In 30 days
June 21, 2018
If you would invest  0.00  in Ecopetrol S on May 22, 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 S over 30 days. Ecopetrol S is related to or competes with Antero Resources, Diamond Offshore, Helmerich Payne, Halcn Resources, , and DELEK US. Ecopetrol S.A. operates as an integrated oil and gas company

Ecopetrol S Upside/Downside Indicators

Information Ratio0.22
Maximum Drawdown7.04
Value At Risk3.07
Potential Upside2.74

Ecopetrol S Market Premium Indicators

Risk Adjusted Performance0.01

Ecopetrol S A Backtested Returns

We consider Ecopetrol S not very risky. Ecopetrol S A secures Sharpe Ratio (or Efficiency) of 0.0197 which denotes Ecopetrol S A had 0.0197% of return per unit of risk over the last 1 month. Our philosophy towards predicting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Ecopetrol S A which you can use to evaluate future volatility of the firm. Please confirm Ecopetrol S A Coefficient Of Variation of 458.59 and Mean Deviation of 1.39 to check if risk estimate we provide are consistent with the epected return of 0.0598%. Ecopetrol S has performance score of 1 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which denotes to the fact that the returns on MARKET and Ecopetrol S are completely uncorrelated. Although it is extremely important to respect Ecopetrol S A 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 Ecopetrol S A technical indicators you can presently evaluate if the expected return of 0.0598% will be sustainable into the future. Ecopetrol S A right now shows a risk of 3.0342%. Please confirm Ecopetrol S A Maximum Drawdown, Semi Variance and the relationship between Jensen Alpha and Potential Upside to decide if Ecopetrol S A will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 

No correlation between past and present

Ecopetrol S A has no correlation between past and present. Overlapping area represents the amount of predictability between Ecopetrol S time series from May 22, 2018 to June 6, 2018 and June 6, 2018 to June 21, 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 0.0 indicates that just 0.0% of current Ecopetrol S price fluctuation can be explain by its past prices.
Average Price 19.75
Lagged Average Price 19.75

Ecopetrol S A lagged returns against current returns

 Current and Lagged Values 

Ecopetrol S regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Ecopetrol S Lagged Returns

 Regressed Prices 

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?
98% Bullish
2% Bearish

Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for Ecopetrol S and Antero Resources. 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 S Hype Analysis, Ecopetrol S Correlation, Ecopetrol S Valuation, Ecopetrol S Volatility as well as analyze Ecopetrol S Alpha and Beta and Ecopetrol S Performance. Please also try ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.