Caribbean Backtesting

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CUPUF -- USA Stock  

USD 17.00  0.00  0.00%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Caribbean Utilities and determine expected loss or profit from investing in Caribbean Utilities over given investment horizon. Continue to Caribbean Utilities Hype Analysis, Caribbean Utilities Correlation, Caribbean Utilities Valuation, Caribbean Utilities Volatility as well as analyze Caribbean Utilities Alpha and Beta and Caribbean Utilities Performance.

Caribbean Utilities 'What if' Analysis

November 27, 2019
No Change 0.00  0.0 
In 2 months and 31 days
February 25, 2020
If you would invest  0.00  in Caribbean Utilities on November 27, 2019 and sell it all today you would earn a total of 0.00 from holding Caribbean Utilities or generate 0.0% return on investment in Caribbean Utilities over 90 days. Caribbean Utilities is related to or competes with Southern, Duke Energy, American Electric, Xcel Energy, WEC Energy, Consolidated Edison, and Edison International. Caribbean Utilities Company, Ltd. engages in the electricity generation, transmission, and distribution activities in Gr...

Caribbean Utilities Upside/Downside Indicators

Downside Deviation3.08
Information Ratio0.0047
Maximum Drawdown8.13
Value At Risk(2.55)
Potential Upside2.45

Caribbean Utilities Market Premium Indicators

Risk Adjusted Performance0.0116
Jensen Alpha0.0024
Total Risk Alpha0.0105
Sortino Ratio0.0024
Treynor Ratio(0.032719)

Caribbean Utilities Backtested Returns

We consider Caribbean Utilities somewhat reliable. Caribbean Utilities secures Sharpe Ratio (or Efficiency) of 0.0083 which signifies that the organization had 0.0083% of return per unit of risk over the last 3 months. Our philosophy towards 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-one technical indicators for Caribbean Utilities which you can use to evaluate future volatility of the firm. Please confirm Caribbean Utilities Downside Deviation of 3.08, Risk Adjusted Performance of 0.0116 and Mean Deviation of 0.7188 to double-check if risk estimate we provide are consistent with the epected return of 0.0131%. The firm shows Beta (market volatility) of -0.0836, which signifies that as returns on market increase, returns on owning Caribbean Utilities are expected to decrease at a much smaller rate. During bear market, Caribbean Utilities is likely to outperform the market. Although it is extremely important to respect Caribbean Utilities historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards 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 Caribbean Utilities technical indicators you can presently evaluate if the expected return of 0.0131% will be sustainable into the future. Caribbean Utilities right now shows a risk of 1.58%. Please confirm Caribbean Utilities Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Caribbean Utilities will be following its price patterns.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.62) 
correlation synergy

Very good reverse predictability

Caribbean Utilities has very good reverse predictability. Overlapping area represents the amount of predictability between Caribbean Utilities time series from November 27, 2019 to January 11, 2020 and January 11, 2020 to February 25, 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Caribbean Utilities price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Caribbean Utilities price fluctuation can be explain by its past prices. Given that Caribbean Utilities has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Caribbean Utilities for similar time interval.
Correlation Coefficient-0.62
Spearman Rank Test-0.41
Residual Average0.0
Price Variance0.22

Caribbean Utilities lagged returns against current returns

 Current and Lagged Values 

Caribbean Utilities regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Caribbean Utilities Lagged Returns

 Regressed Prices 

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Caribbean Utilities Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Caribbean Utilities and Southern. 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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Continue to Caribbean Utilities Hype Analysis, Caribbean Utilities Correlation, Caribbean Utilities Valuation, Caribbean Utilities Volatility as well as analyze Caribbean Utilities Alpha and Beta and Caribbean Utilities Performance. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.