Loews Backtesting

L -- USA Stock  

USD 46.63  0.07  0.15%

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

Loews 'What if' Analysis

November 18, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
January 17, 2019
0.00
If you would invest  0.00  in Loews on November 18, 2018 and sell it all today you would earn a total of 0.00 from holding Loews Corporation or generate 0.0% return on investment in Loews over 60 days. Loews is related to or competes with Chubb, EMC Insurance, Fairfax Financial, American Financial, Atlas Financial, and Allstate. Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States, C...

Loews Upside/Downside Indicators

Information Ratio0.0261
Maximum Drawdown9.13
Value At Risk(3.03)
Potential Upside2.48
  

Loews Market Premium Indicators

Risk Adjusted Performance(0.13)
Jensen Alpha0.0207
Total Risk Alpha0.0401
Treynor Ratio(0.16)

Loews Backtested Returns

Macroaxis considers Loews to be not too volatile. Loews has Sharpe Ratio of -0.0439 which conveys that Loews had -0.0439% of return per unit of risk over the last 2 months. Macroaxis philosophy towards estimating 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. Loews exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Loews Corporation Mean Deviation of 1.24 and Risk Adjusted Performance of (0.13) to check out risk estimate we provide. Macroaxis gives Loews performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of 0.8444 which conveys that as returns on market increase, Loews returns are expected to increase less than the market. However during bear market, the loss on holding Loews will be expected to be smaller as well. . Even though it is essential to pay attention to Loews price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating 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. Loews exposes twenty-eight different technical indicators which can help you to evaluate its performance. Loews has expected return of -0.0829%. Please be advised to verify Loews Corporation Value At Risk, and the relationship between Jensen Alpha and Skewness to decide if Loews past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.63) 
correlation synergy

Very good reverse predictability

Loews Corporation has very good reverse predictability. Overlapping area represents the amount of predictability between Loews time series from November 18, 2018 to December 18, 2018 and December 18, 2018 to January 17, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Loews price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Loews price fluctuation can be explain by its past prices. Given that Loews Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Loews for similar time interval.
Correlation Coefficient-0.63
Spearman Rank Test-0.55
Residual Average0.0
Price Variance1.79

Loews lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Loews regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Loews Lagged Returns

 Regressed Prices 
      Timeline 

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Please see also Loews Hype Analysis, Loews Correlation, Loews Valuation, Loews Volatility as well as analyze Loews Alpha and Beta and Loews Performance. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.
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