Ecopetrol S Backtesting

Ecopetrol S A -- USA Stock  

USD 16.87  0.33  1.92%

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

December 17, 2017
No Change 0.00  0.0%
In 31 days
January 16, 2018
If you would invest  0.00  in Ecopetrol S on December 17, 2017 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, BP plc, CJ Energy, Delek US, Diamond Offshore, and . It operates through the Exploration and Production Transportation and Logistics Refining Petrochemicals and Biofuels seg...

Ecopetrol S Upside/Downside Indicators


Ecopetrol S Market Premium Indicators

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 A Backtested Returns

Ecopetrol S is not very volatile given 1 month investment horizon. Ecopetrol S A secures Sharpe Ratio (or Efficiency) of 0.624 which denotes Ecopetrol S A had 0.624% 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-one different technical indicators which can help you to evaluate if expected returns of 1.3623% are justified by taking the suggested risk. Use Ecopetrol S Coefficient Of Variation of 150.73 and Mean Deviation of 1.46 to evaluate company specific risk that cannot be diversified away. Ecopetrol S holds performance score of 41 on a scale of zero to a hundred. The firm shows Beta (market volatility) of -0.17 which denotes to the fact that as returns on market increase, returns on owning Ecopetrol S are expected to decrease at a much smaller rate. During bear market, Ecopetrol S is likely to outperform the market.. 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 1.3623 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable. Use Ecopetrol S Maximum Drawdown, Semi Variance and the relationship between Jensen Alpha and Potential Upside to analyze future returns on Ecopetrol S.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.53 

Modest predictability

Ecopetrol S A has modest predictability. Overlapping area represents the amount of predictability between Ecopetrol S time series from December 17, 2017 to January 1, 2018 and January 1, 2018 to January 16, 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 0.53 indicates that about 53.0% of current Ecopetrol S price fluctuation can be explain by its past prices.
Correlation Coefficient 0.53
Spearman Rank Test 0.45
Price Variance 0.38
Lagged Price Variance 0.45

Ecopetrol S Lagged Returns

 Regressed Prices 

Ecopetrol S Performance vs DOW

The median price of Ecopetrol S for the period between Sun, Dec 17, 2017 and Tue, Jan 16, 2018 is 14.41 with a coefficient of variation of 12.04. The daily time series for the period is distributed with a sample standard deviation of 1.79, arithmetic mean of 14.89, and mean deviation of 1.6. The Stock received some media coverage during the period.
Price Growth (%)  
Ecopetrol SA Stock Is Buy After Reaching 52-Week High01/10/2018