Ecopetrol Backtesting

EC -- USA Stock  

USD 18.03  0.33  1.80%

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

October 19, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 18, 2018
0.00
If you would invest  0.00  in Ecopetrol on October 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 60 days. Ecopetrol is related to or competes with Eni SPA, Adams Resources, BP plc, EQT GP, Equinor ASA, and Cenovus Energy. Ecopetrol S.A. operates as an integrated oil and gas company

Ecopetrol Upside/Downside Indicators

Information Ratio(0.19)
Maximum Drawdown10.22
Value At Risk(5.22)
Potential Upside2.76
  

Ecopetrol Market Premium Indicators

Risk Adjusted Performance(0.32)
Jensen Alpha(0.52)
Total Risk Alpha(0.35)
Treynor Ratio(0.68)

Ecopetrol S A Backtested Returns

Macroaxis considers Ecopetrol to be not very volatile. Ecopetrol S A secures Sharpe Ratio (or Efficiency) of -0.3026 which denotes Ecopetrol S A had -0.3026% of return per unit of risk over the last 2 months. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Ecopetrol S A exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Ecopetrol S A Coefficient Of Variation of (400.68) and Mean Deviation of 2.21 to check risk estimate we provide. Macroaxis gives Ecopetrol performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.0206 which denotes to the fact that Ecopetrol returns are very sensitive to returns on the market. as market goes up or down, Ecopetrol is expected to follow.. Even though it is essential to pay attention to Ecopetrol S A historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Ecopetrol S A exposes twenty-one different technical indicators which can help you to evaluate its performance. Ecopetrol S A has expected return of -0.8147%. Please be advised to confirm Ecopetrol S A Maximum Drawdown, Semi Variance and the relationship between Jensen Alpha and Potential Upside to decide if Ecopetrol S A past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.48 
correlation synergy

Average predictability

Ecopetrol S A has average predictability. Overlapping area represents the amount of predictability between Ecopetrol time series from October 19, 2018 to November 18, 2018 and November 18, 2018 to December 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 0.48 indicates that about 48.0% of current Ecopetrol price fluctuation can be explain by its past prices.
Correlation Coefficient0.48
Spearman Rank Test0.54
Residual Average0.0
Price Variance0.37

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 

Did you try this?

Run Portfolio Optimization Now

   

Portfolio Optimization

Compute new portfolio that will generate highest expected return given your specified tolerance for risk
All  Next Launch Portfolio Optimization

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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Search macroaxis.com