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.
|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|