Magellan Midstream Backtesting

Magellan Midstream Partners L P -- USA Stock  

USD 65.68  1.14  1.71%

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

Magellan Midstream 'What if' Analysis

February 23, 2018
No Change 0.00  0.0%
In 2 months and 2 days
April 24, 2018
If you would invest  0.00  in Magellan Midstream on February 23, 2018 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 60 days. Magellan Midstream is related to or competes with Cheniere Energy, Enbridge Energy, TechnipFMC plc, Halliburton, MRC Global, and NATL OILWELL. Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products...

Magellan Midstream Upside/Downside Indicators

Downside Deviation1.87
Information Ratio0.0433
Maximum Drawdown6.99
Value At Risk3.01
Potential Upside3.73

Magellan Midstream Market Premium Indicators

Risk Adjusted Performance0.0238
Jensen Alpha0.0194
Total Risk Alpha0.0918
Sortino Ratio0.0437
Treynor Ratio0.2943

Magellan Midstream P Backtested Returns

We consider Magellan Midstream not too risky. Magellan Midstream P has Sharpe Ratio of 0.0247 which conveys that Magellan Midstream P had 0.0247% of return per unit of risk over the last 2 months. 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 verify Magellan Midstream Partners L P Downside Deviation of 1.87, Mean Deviation of 1.42 and Risk Adjusted Performance of 0.0238 to check out if risk estimate we provide are consistent with the epected return of 0.0473%. Magellan Midstream has performance score of 1 on a scale of 0 to 100. The company secures Beta (Market Risk) of 0.0538 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 extremely important to respect Magellan Midstream P price patterns, it is better to be realistic regarding the information on 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 0.0473% will be sustainable into the future. Magellan Midstream P right now secures a risk of 1.9183%. Please verify Magellan Midstream Partners L P Information Ratio as well as the relationship between Potential Upside and Kurtosis to decide if Magellan Midstream Partners L P will be following its current price movements.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.76) 

Almost perfect reverse predictability

Magellan Midstream Partners L P has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Magellan Midstream time series from February 23, 2018 to March 25, 2018 and March 25, 2018 to April 24, 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 -0.76 indicates that around 76.0% of current Magellan Midstream price fluctuation can be explain by its past prices. Given that Magellan Midstream Partners L P has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Magellan Midstream for similar time interval.
Correlation Coefficient -0.76
Spearman Rank Test -0.63
Price Variance 11.23
Lagged Price Variance 4.81

Magellan Midstream P lagged returns against current returns

 Current and Lagged Values 

Magellan Midstream regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Magellan Midstream Lagged Returns

 Regressed Prices 

Current Sentiment - MMP

Magellan Midstream P Investor Sentiment
Greater number of Macroaxis users are now bullish on Magellan Midstream Partners L P. What is your trading attitude regarding investing in Magellan Midstream Partners L P? Are you bullish or bearish?
98% Bullish
2% Bearish

Generate Optimal Portfolios

Align your risk and return expectations
Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
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. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.