Macroaxis considers Apple to be not too risky. Apple
secures Sharpe Ratio (or Efficiency) of -0.2169 which signifies that Apple
had -0.2169% 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
. Apple exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Apple Risk Adjusted Performance
of 0.29 and Mean Deviation of 2.12 to double-check risk estimate we provide. Macroaxis gives Apple performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.5266 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Apple will likely underperform.. Even though it is essential to pay attention to Apple 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. Apple exposes twenty-one different technical indicators which can help you to evaluate its performance. Apple has expected return of -0.5613%. Please be advised to confirm Apple Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Apple past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.47 |
Apple has average predictability. Overlapping area represents the amount of predictability between Apple time series from October 19, 2018 to November 3, 2018 and November 3, 2018 to November 18, 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 Apple price movement. The serial correlation of 0.47 indicates that about 47.0% of current Apple price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.45|