Macroaxis considers Altaba to be not too risky. Altaba
secures Sharpe Ratio (or Efficiency) of -0.2107 which signifies that Altaba
had -0.2107% 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
. Altaba exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Altaba Risk Adjusted Performance
of 0.12 and Mean Deviation of 1.32 to double-check risk estimate we provide. Macroaxis gives Altaba performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.7163 which signifies that as returns on market increase, returns on owning Altaba are expected to decrease at a much smaller rate. During bear market, Altaba is likely to outperform the market.. Even though it is essential to pay attention to Altaba 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. Altaba exposes twenty-one different technical indicators which can help you to evaluate its performance. Altaba has expected return of -0.3705%. Please be advised to confirm Altaba Jensen Alpha, Potential Upside, Skewness, as well as the relationship between Maximum Drawdown and Semi Variance to decide if Altaba past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.20 |
Altaba has weak predictability. Overlapping area represents the amount of predictability between Altaba time series from June 22, 2018 to July 7, 2018 and July 7, 2018 to July 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 Altaba price movement. The serial correlation of 0.2 indicates that over 20.0% of current Altaba price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.2|
|Spearman Rank Test|| -0.24|
|Price Variance|| 0.82|
|Lagged Price Variance|| 3.37|