Cinemark Holdings Inc Backtested Returns
Macroaxis considers Cinemark Holdings to be not too risky. Cinemark Holdings Inc
secures Sharpe Ratio (or Efficiency) of -0.0137 which signifies that Cinemark Holdings Inc
had -0.0137% 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
. Cinemark Holdings Inc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Cinemark Holdings Inc Risk Adjusted Performance
of (0.008275) and Mean Deviation of 0.7777 to double-check risk estimate we provide. Macroaxis gives Cinemark Holdings performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.2907 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Cinemark Holdings will likely underperform.. Even though it is essential to pay attention to Cinemark Holdings Inc historical returns, it is always good to be careful when utilizing equity current trending patternss. 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. Cinemark Holdings Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Cinemark Holdings Inc has expected return of -0.0166%. Please be advised to confirm Cinemark Holdings Inc Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Cinemark Holdings Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.64) |
Very good reverse predictability
Cinemark Holdings Inc has very good reverse predictability. Overlapping area represents the amount of predictability between Cinemark Holdings time series from September 23, 2017 to October 8, 2017 and October 8, 2017 to October 23, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cinemark Holdings Inc price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Cinemark Holdings price fluctuation can be explain by its past prices. Given that Cinemark Holdings Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Cinemark Holdings for similar time interval.
|Correlation Coefficient|| -0.64|
|Spearman Rank Test|| -0.19|
|Price Variance|| 0.08|
|Lagged Price Variance|| 0.41|
Cinemark Holdings Lagged Returns