Antero Resources Backtested Returns
Macroaxis considers Antero Resources to be not very risky. Antero Resources
secures Sharpe Ratio (or Efficiency) of -0.2725 which signifies that Antero Resources
had -0.2725% 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
. Antero Resources Corporation exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Antero Resources Risk Adjusted Performance
of (0.053516) and Mean Deviation of 1.66 to double-check risk estimate we provide. Macroaxis gives Antero Resources performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.0709 which signifies that as returns on market increase, returns on owning Antero Resources are expected to decrease at a much smaller rate. During bear market, Antero Resources is likely to outperform the market.. Even though it is essential to pay attention to Antero Resources 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. Antero Resources Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Antero Resources has expected return of -0.5813%. Please be advised to confirm Antero Resources Variance, Maximum Drawdown as well as the relationship between Maximum Drawdown and Semi Variance to decide if Antero Resources past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.22) |
Weak reverse predictability
Antero Resources Corporation has weak reverse predictability. Overlapping area represents the amount of predictability between Antero Resources time series from November 17, 2017 to December 2, 2017 and December 2, 2017 to December 17, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Antero Resources price movement. The serial correlation of -0.22 indicates that over 22.0% of current Antero Resources price fluctuation can be explain by its past prices. Given that Antero Resources Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Antero Resources for similar time interval.
|Correlation Coefficient|| -0.22|
|Spearman Rank Test|| -0.54|
|Price Variance|| 0.13|
|Lagged Price Variance|| 0.16|
Antero Resources Lagged Returns