Magellan Midstream Backtesting

Magellan Midstream Partners L P -- USA Stock  

USD 72.83  0.92  1.25%

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

Magellan Midstream 'What if' Analysis

December 22, 2017
0.00
No Change 0.00  0.0%
In 31 days
January 21, 2018
0.00
If you would invest  0.00  in Magellan Midstream on December 22, 2017 and sell it all today you would earn a total of 0.00 from holding Magellan Midstream Partners L P or generate 0.0% return on investment in Magellan Midstream over 30 days. Magellan Midstream is related to or competes with Baker Hughes, Cheniere Energy, Enbridge Energy, TechnipFMC plc, Halliburton, and . It operates through Refined Products Crude Oil and Marine Storage segments

Magellan Midstream Upside/Downside Indicators

  

Magellan Midstream Market Premium Indicators

Magellan Midstream P lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Magellan Midstream regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Magellan Midstream P Backtested Returns

Macroaxis considers Magellan Midstream not too risky given 1 month investment horizon. Magellan Midstream P has Sharpe Ratio of 0.3619 which conveys that Magellan Midstream P had 0.3619% of return per unit of risk over the last 1 month. Our philosophy towards estimating 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 Magellan Midstream which you can use to evaluate future volatility of the firm. Please exercise Magellan Midstream Partners L P Downside Deviation of 0.7957, Mean Deviation of 0.688 and Risk Adjusted Performance of 0.1466 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Magellan Midstream holds performance score of 23. The company secures Beta (Market Risk) of 0.1041 which conveys that as returns on market increase, Magellan Midstream returns are expected to increase less than the market. However during bear market, the loss on holding Magellan Midstream will be expected to be smaller as well.. Although it is vital to follow to Magellan Midstream P price patterns, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns. The philosophy towards estimating 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 analyzing Magellan Midstream P technical indicators you can presently evaluate if the expected return of 0.3433% will be sustainable into the future. Please exercises Magellan Midstream Partners L P Information Ratio as well as the relationship between Potential Upside and Kurtosis to make a quick decision on weather Magellan Midstream P current price movements will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.3 

Below average predictability

Magellan Midstream Partners L P has below average predictability. Overlapping area represents the amount of predictability between Magellan Midstream time series from December 22, 2017 to January 6, 2018 and January 6, 2018 to January 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 Magellan Midstream P price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Magellan Midstream price fluctuation can be explain by its past prices.
Correlation Coefficient 0.3
Spearman Rank Test 0.63
Price Variance 0.53
Lagged Price Variance 1.95

Magellan Midstream Lagged Returns

 Regressed Prices 
      Timeline 

Magellan Midstream Performance vs DOW

The median price of Magellan Midstream for the period between Fri, Dec 22, 2017 and Sun, Jan 21, 2018 is 72.45 with a coefficient of variation of 2.82. The daily time series for the period is distributed with a sample standard deviation of 2.02, arithmetic mean of 71.61, and mean deviation of 1.81. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Credit Suisse Group Initiates Coverage on Magellan Midstream...01/19/2018