Macroaxis considers CDK Global to be not too risky. CDK Global
secures Sharpe Ratio (or Efficiency) of -0.5738 which signifies that CDK Global
had -0.5738% 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 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 Risk Adjusted Performance
of 0.57 and Mean Deviation of 0.5898 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 0.1198 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 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 exposes twenty-one different technical indicators which can help you to evaluate its performance. CDK Global has expected return of -0.4362%. Please be advised to confirm CDK Global Treynor Ratio, and the relationship between Variance and Potential Upside to decide if CDK Global past performance will be repeated in the future.
|15 days auto-correlation|| 0.39 |
Below average predictability
CDK Global has below average predictability. Overlapping area represents the amount of predictability between CDK Global time series from September 21, 2018 to October 6, 2018 and October 6, 2018 to October 21, 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 price movement. The serial correlation of 0.39 indicates that just about 39.0% of current CDK Global price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.32|