Agilent Technologies Inc Backtested Returns
Macroaxis considers Agilent Technologies to be not too risky. Agilent Technologies Inc
secures Sharpe Ratio (or Efficiency) of -0.1129 which signifies that Agilent Technologies Inc
had -0.1129% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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
. Agilent Technologies Inc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Agilent Technologies Inc Risk Adjusted Performance
of 0.18 and Mean Deviation of 0.727 to double-check risk estimate we provide. Macroaxis gives Agilent Technologies performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.1471 which signifies that as returns on market increase, returns on owning Agilent Technologies are expected to decrease at a much smaller rate. During bear market, Agilent Technologies is likely to outperform the market.. Even though it is essential to pay attention to Agilent Technologies Inc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards 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. Agilent Technologies Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Agilent Technologies Inc has expected return of -0.1186%. Please be advised to confirm Agilent Technologies Inc Coefficient Of Variation, Jensen Alpha, Potential Upside, as well as the relationship between Variance and Maximum Drawdown to decide if Agilent Technologies Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.47) |
Modest reverse predictability
Agilent Technologies Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Agilent Technologies time series from February 17, 2018 to March 4, 2018 and March 4, 2018 to March 19, 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 Agilent Technologies Inc price movement. The serial correlation of -0.47 indicates that about 47.0% of current Agilent Technologies price fluctuation can be explain by its past prices. Given that Agilent Technologies Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Agilent Technologies for similar time interval.
|Correlation Coefficient|| -0.47|
|Spearman Rank Test|| -0.58|
|Price Variance|| 1.15|
|Lagged Price Variance|| 2.28|
Agilent Technologies Lagged Returns