Macroaxis considers Broadridge Financial to be not too risky. Broadridge Financial
secures Sharpe Ratio (or Efficiency) of -0.3197 which signifies that Broadridge Financial
had -0.3197% 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
. Broadridge Financial Solutions exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Broadridge Financial Risk Adjusted Performance
of 0.41 and Mean Deviation of 1.07 to double-check risk estimate we provide. Macroaxis gives Broadridge Financial performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.0059 which signifies that Broadridge Financial returns are very sensitive to returns on the market. as market goes up or down, Broadridge Financial is expected to follow.. Even though it is essential to pay attention to Broadridge Financial 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. Broadridge Financial Solutions exposes twenty-eight different technical indicators which can help you to evaluate its performance. Broadridge Financial has expected return of -0.5262%. Please be advised to confirm Broadridge Financial Sortino Ratio, Skewness, Price Action Indicator, as well as the relationship between Potential Upside and Rate Of Daily Change to decide if Broadridge Financial past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.68 |
Broadridge Financial Solutions has good predictability. Overlapping area represents the amount of predictability between Broadridge Financial time series from September 22, 2018 to October 7, 2018 and October 7, 2018 to October 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 Broadridge Financial price movement. The serial correlation of 0.68 indicates that around 68.0% of current Broadridge Financial price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.61|