CDK Global Inc Backtested Returns
Macroaxis considers CDK Global to be not too risky. CDK Global Inc
secures Sharpe Ratio (or Efficiency) of -0.1202 which signifies that CDK Global Inc
had -0.1202% of return per unit of return volatility over the last 1 month. Macroaxis approach into 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
. CDK Global Inc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CDK Global Inc Risk Adjusted Performance
of 0.20 and Mean Deviation of 1.24 to double-check risk estimate we provide. Macroaxis gives CDK Global performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.6508 which signifies that as returns on market increase, CDK Global returns are expected to increase less than the market. However during bear market, the loss on holding CDK Global will be expected to be smaller as well.. Even though it is essential to pay attention to CDK Global Inc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach into 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. CDK Global Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. CDK Global Inc has expected return of -0.2469%. Please be advised to confirm CDK Global Inc Treynor Ratio, and the relationship between Variance and Potential Upside to decide if CDK Global Inc past performance will be repeated in the future.
|15 days auto-correlation||(0.03) |
Very weak reverse predictability
CDK Global Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between CDK Global 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 CDK Global Inc price movement. The serial correlation of -0.03 indicates that only 3.0% of current CDK Global price fluctuation can be explain by its past prices. Given that CDK Global Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of CDK Global for similar time interval.
|Correlation Coefficient|| -0.03|
|Spearman Rank Test|| 0.45|
|Price Variance|| 1.68|
|Lagged Price Variance|| 4.73|
CDK Global Lagged Returns