Macroaxis considers CDK Global to be not too risky. CDK Global
secures Sharpe Ratio (or Efficiency) of -0.1722 which signifies that CDK Global
had -0.1722% of return per unit of return volatility over the last 2 months. 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 0.29 and Mean Deviation of 0.9111 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 0.0722 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 -0.1932%. 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||(0.33) |
Poor reverse predictability
CDK Global has poor reverse predictability. Overlapping area represents the amount of predictability between CDK Global time series from February 24, 2018 to March 26, 2018 and March 26, 2018 to April 25, 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 -0.33 indicates that nearly 33.0% of current CDK Global price fluctuation can be explain by its past prices. Given that CDK Global 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|| -0.33|
|Spearman Rank Test|| -0.23|
|Price Variance|| 0.91|
|Lagged Price Variance|| 4.05|