Colgate Palmolive Backtested Returns
Macroaxis considers Colgate Palmolive to be not too risky. Colgate Palmolive
secures Sharpe Ratio (or Efficiency) of -0.2577 which signifies that Colgate Palmolive
had -0.2577% 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
. Colgate Palmolive Company exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Colgate Palmolive Risk Adjusted Performance
of 0.41 and Mean Deviation of 1.27 to double-check risk estimate we provide. Macroaxis gives Colgate Palmolive performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.4852 which signifies that as returns on market increase, Colgate Palmolive returns are expected to increase less than the market. However during bear market, the loss on holding Colgate Palmolive will be expected to be smaller as well.. Even though it is essential to pay attention to Colgate Palmolive 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. Colgate Palmolive Company exposes twenty-one different technical indicators which can help you to evaluate its performance. Colgate Palmolive has expected return of -0.4212%. Please be advised to confirm Colgate Palmolive Treynor Ratio, and the relationship between Variance and Potential Upside to decide if Colgate Palmolive past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
Colgate Palmolive Company has no correlation between past and present. Overlapping area represents the amount of predictability between Colgate Palmolive time series from January 24, 2018 to February 8, 2018 and February 8, 2018 to February 23, 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 Colgate Palmolive price movement. The serial correlation of 0.0 indicates that just 0.0% of current Colgate Palmolive price fluctuation can be explain by its past prices.
|Spearman Rank Test|| 0.01|
|Price Variance|| 0.57|
|Lagged Price Variance|| 5.68|
|Average Price|| 70.03|
Colgate Palmolive Lagged Returns