Paz Oil (Israel) Backtesting

PZOL -- Israel Stock  

ILS 56,230  140.00  0.25%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Paz Oil Company Ltd and determine expected loss or profit from investing in Paz Oil over given investment horizon. Additionally take a look at Paz Oil Hype Analysis, Paz Oil Correlation, Paz Oil Valuation, Paz Oil Volatility as well as analyze Paz Oil Alpha and Beta and Paz Oil Performance.
Horizon     30 Days    Login   to change

Paz Oil 'What if' Analysis

October 11, 2018
No Change 0.00  0.0%
In 2 months and 2 days
December 10, 2018
If you would invest  0.00  in Paz Oil on October 11, 2018 and sell it all today you would earn a total of 0.00 from holding Paz Oil Company Ltd or generate 0.0% return on investment in Paz Oil over 60 days. Paz Oil Company Ltd., together with its subsidiaries, refines, produces, stores, imports, sells, and markets oil and oth...

Paz Oil Upside/Downside Indicators

Information Ratio0.1381
Maximum Drawdown4.97
Value At Risk(1.94)
Potential Upside1.55

Paz Oil Market Premium Indicators

Risk Adjusted Performance(0.012459)
Jensen Alpha(0.04055)
Total Risk Alpha0.1373
Treynor Ratio0.165

Paz Oil Backtested Returns

We consider Paz Oil not too risky. Paz Oil maintains Sharpe Ratio (i.e. Efficiency) of 0.0572 which implies Paz Oil had 0.0572% of return per unit of risk over the last 2 months. Our philosophy towards forecasting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Paz Oil which you can use to evaluate future volatility of the company. Please check Paz Oil Coefficient Of Variation of (12,823) and Risk Adjusted Performance of (0.012459) to confirm if risk estimate we provide are consistent with the epected return of 0.0721%. Paz Oil has performance score of 3 on a scale of 0 to 100. The organization holds Beta of -0.1166 which implies as returns on market increase, returns on owning Paz Oil are expected to decrease at a much smaller rate. During bear market, Paz Oil is likely to outperform the market.. Although it is extremely important to respect Paz Oil current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting 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 Paz Oil technical indicators you can presently evaluate if the expected return of 0.0721% will be sustainable into the future. Paz Oil right now holds a risk of 1.2593%. Please check Paz Oil Mean Deviation, Downside Deviation, Standard Deviation, as well as the relationship between Semi Deviation and Coefficient Of Variation to decide if Paz Oil will be following its historical price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.70) 
correlation synergy

Very good reverse predictability

Paz Oil Company Ltd has very good reverse predictability. Overlapping area represents the amount of predictability between Paz Oil time series from October 11, 2018 to November 10, 2018 and November 10, 2018 to December 10, 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 Paz Oil price movement. The serial correlation of -0.7 indicates that around 70.0% of current Paz Oil price fluctuation can be explain by its past prices. Given that Paz Oil Company Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Paz Oil for similar time interval.
Correlation Coefficient-0.7
Spearman Rank Test-0.22
Residual Average0.0
Price Variance396195.56

Paz Oil lagged returns against current returns

 Current and Lagged Values 

Paz Oil regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Paz Oil Lagged Returns

 Regressed Prices 

Current Sentiment - PZOL

Paz Oil Investor Sentiment

Most of Macroaxis users are at this time bullish on Paz Oil Company Ltd. What is your perspective on investing in Paz Oil Company Ltd? Are you bullish or bearish?
98% Bullish
2% Bearish
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Additionally take a look at Paz Oil Hype Analysis, Paz Oil Correlation, Paz Oil Valuation, Paz Oil Volatility as well as analyze Paz Oil Alpha and Beta and Paz Oil Performance. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.