The Blackstone Group Backtested Returns
Macroaxis considers Blackstone Group to be not too volatile. The Blackstone Group
secures Sharpe Ratio (or Efficiency) of -0.1701 which signifies that The Blackstone Group
had -0.1701% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in 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
. The Blackstone Group L P exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm The Blackstone Group Mean Deviation
of 1.23 and Risk Adjusted Performance
of 0.25 to double-check risk estimate we provide. Macroaxis gives Blackstone Group performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.3335 which signifies that as returns on market increase, returns on owning Blackstone Group are expected to decrease at a much smaller rate. During bear market, Blackstone Group is likely to outperform the market.. Even though it is essential to pay attention to The Blackstone Group historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in 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. The Blackstone Group L P exposes twenty-one different technical indicators which can help you to evaluate its performance. The Blackstone Group has expected return of -0.2695%. Please be advised to confirm The Blackstone Group Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if The Blackstone Group past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.30) |
Weak reverse predictability
The Blackstone Group L P has weak reverse predictability. Overlapping area represents the amount of predictability between Blackstone Group time series from January 25, 2018 to February 9, 2018 and February 9, 2018 to February 24, 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 The Blackstone Group price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Blackstone Group price fluctuation can be explain by its past prices. Given that The Blackstone Group L P has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Blackstone Group for similar time interval.
|Correlation Coefficient|| -0.3|
|Spearman Rank Test|| -0.66|
|Price Variance|| 0.26|
|Lagged Price Variance|| 0.75|
Blackstone Group Lagged Returns