Macroaxis considers Agilent Technologies to be not too risky. Agilent Technologies
secures Sharpe Ratio (or Efficiency) of -0.0732 which signifies that Agilent Technologies
had -0.0732% of return per unit of risk over the last 2 months. 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 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 Risk Adjusted Performance
of 0.15 and Mean Deviation of 1.17 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 0.1194 which signifies that as returns on market increase, Agilent Technologies returns are expected to increase less than the market. However during bear market, the loss on holding Agilent Technologies will be expected to be smaller as well.. Even though it is essential to pay attention to Agilent Technologies 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 exposes twenty-one different technical indicators which can help you to evaluate its performance. Agilent Technologies has expected return of -0.1124%. Please be advised to confirm Agilent Technologies Coefficient Of Variation, Jensen Alpha, Potential Upside, as well as the relationship between Variance and Maximum Drawdown to decide if Agilent Technologies past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.49 |
Agilent Technologies has average predictability. Overlapping area represents the amount of predictability between Agilent Technologies time series from February 21, 2018 to March 23, 2018 and March 23, 2018 to April 22, 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 price movement. The serial correlation of 0.49 indicates that about 49.0% of current Agilent Technologies price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.49|
|Spearman Rank Test|| -0.42|
|Price Variance|| 1.96|
|Lagged Price Variance|| 1.36|