Cognizant Technology Backtested Returns
Macroaxis considers Cognizant Technology to be not too risky. Cognizant Technology
secures Sharpe Ratio (or Efficiency) of -0.1713 which signifies that Cognizant Technology
had -0.1713% 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
. Cognizant Technology Solutions Corporation exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Cognizant Technology Risk Adjusted Performance
of (0.080552) and Mean Deviation of 0.8016 to double-check risk estimate we provide. Macroaxis gives Cognizant Technology performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.7016 which signifies that as returns on market increase, Cognizant Technology returns are expected to increase less than the market. However during bear market, the loss on holding Cognizant Technology will be expected to be smaller as well.. Even though it is essential to pay attention to Cognizant Technology 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. Cognizant Technology Solutions Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Cognizant Technology has expected return of -0.1897%. Please be advised to confirm Cognizant Technology Variance as well as the relationship between Value At Risk and Skewness to decide if Cognizant Technology past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.36 |
Below average predictability
Cognizant Technology Solutions Corporation has below average predictability. Overlapping area represents the amount of predictability between Cognizant Technology time series from November 14, 2017 to November 29, 2017 and November 29, 2017 to December 14, 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 Cognizant Technology price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Cognizant Technology price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.36|
|Spearman Rank Test|| 0.23|
|Price Variance|| 0.34|
|Lagged Price Variance|| 1.53|
Cognizant Technology Lagged Returns