Chevron Backtesting

CVX -- USA Stock  

USD 120.91  0.10  0.08%

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.
Horizon     30 Days    Login   to change

Chevron 'What if' Analysis

April 17, 2019
No Change 0.00  0.0%
In 2 months and 1 day
June 16, 2019
If you would invest  0.00  in Chevron on April 17, 2019 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 60 days. Chevron is related to or competes with Eni SPA, Adams Resources, BP plc, Ecopetrol, Equinor ASA, Cenovus Energy, and Chevron. Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwi...

Chevron Upside/Downside Indicators

Downside Deviation1.18
Maximum Drawdown4.77
Value At Risk(1.87)
Potential Upside1.99

Chevron Market Premium Indicators

Risk Adjusted Performance0.01

Chevron Backtested Returns

We consider Chevron very steady. Chevron secures Sharpe Ratio (or Efficiency) of 0.015 which signifies that the organization had 0.015% of return per unit of standard deviation over the last 2 months. Our philosophy in foreseeing 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 technical indicators for Chevron Corporation which you can use to evaluate future volatility of the firm. Please confirm Chevron Risk Adjusted Performance of 0.01 and Mean Deviation of 0.8652 to double-check if risk estimate we provide are consistent with the epected return of 0.0178%. Chevron has performance score of 1 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Chevron are completely uncorrelated. Although it is extremely important to respect Chevron historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing 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 Chevron technical indicators you can presently evaluate if the expected return of 0.0178% will be sustainable into the future. Chevron right now shows a risk of 1.1843%. Please confirm Chevron Market Risk Adjusted Performance, Variance as well as the relationship between Variance and Downside Variance to decide if Chevron will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.59 
correlation synergy

Modest predictability

Chevron Corporation has modest predictability. Overlapping area represents the amount of predictability between Chevron time series from April 17, 2019 to May 17, 2019 and May 17, 2019 to June 16, 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 Chevron price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Chevron price fluctuation can be explain by its past prices.
Correlation Coefficient0.59
Spearman Rank Test0.0
Residual Average0.0
Price Variance5.32

Chevron lagged returns against current returns

 Current and Lagged Values 

Chevron regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Chevron Lagged Returns

 Regressed Prices 

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Chevron Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Chevron and Eni S p. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Check also Chevron Hype Analysis, Chevron Correlation, Chevron Valuation, Chevron Volatility as well as analyze Chevron Alpha and Beta and Chevron Performance. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.