Chevron Backtesting

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

Chevron 'What if' Analysis

February 27, 2017
No Change 0.00  0.0%
In 30 days
March 29, 2017
If you would invest  0.00  in Chevron on February 27, 2017 and sell it all today you would earn a total of 0.00 from holding Chevron Corporation or generate 0.0% return on investment in Chevron over 30 days. Chevron is related to or competes with SM Energy, Apache Corp, Anadarko Petroleum, Hess, Concho Resources, and . Chevron Corporation operates in two segments, Upstream and Downstream

Chevron Upside/Downside Indicators


Chevron Market Premium Indicators

Chevron lagged returns against current returns

 Current and Lagged Values 
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Chevron regressed lagged prices vs. current prices

 Current vs Lagged Prices 
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Chevron Backtested Returns

Macroaxis considers Chevron to be not too risky. Chevron secures Sharpe Ratio (or Efficiency) of -0.1985 which signifies that Chevron had -0.1985% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in foreseeing 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. Chevron Corporation exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Chevron Mean Deviation of 0.7461 and Risk Adjusted Performance of (0.10) to double-check risk estimate we provide. Macroaxis gives Chevron performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.513 which signifies that as returns on market increase, returns on owning Chevron are expected to decrease at a much smaller rate. During bear market, Chevron is likely to outperform the market.. Even though it is essential to pay attention to Chevron historical returns, it is always good to be careful when utilizing equity current trading patterns. Macroaxis philosophy in foreseeing 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. Chevron Corporation exposes twenty-eight different technical indicators which can help you to evaluate its performance. Chevron has expected return of -0.1858%. Please be advised to confirm Chevron Potential Upside, and the relationship between Jensen Alpha and Accumulation Distribution to decide if Chevron past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.41 

Average predictability

Chevron Corporation has average predictability. Overlapping area represents the amount of predictability between Chevron time series from February 27, 2017 to March 14, 2017 and March 14, 2017 to March 29, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chevron price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Chevron price fluctuation can be explain by its past prices.
Correlation Coefficient 0.41
Spearman Rank Test 0.34
Price Variance 0.4
Lagged Price Variance 3.78

Chevron Lagged Returns

 Regressed Prices 
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Chevron Performance vs NYSE

The median price of Chevron for the period between Mon, Feb 27, 2017 and Wed, Mar 29, 2017 is 109.35 with a coefficient of variation of 2.19. The daily time series for the period is distributed with a sample standard deviation of 2.41, arithmetic mean of 109.76, and mean deviation of 2.07. The Stock received some media coverage during the period.
Price Growth (%)  
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