Dollar General Backtested Returns
Macroaxis considers Dollar General to be not too risky. Dollar General
secures Sharpe Ratio (or Efficiency) of -0.0742 which denotes Dollar General
had -0.0742% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting 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
. Dollar General Corporation exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Dollar General Coefficient Of Variation
of 1,347 and Mean Deviation of 1.41 to check risk estimate we provide. Macroaxis gives Dollar General performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.1685 which denotes to the fact that as returns on market increase, returns on owning Dollar General are expected to decrease at a much smaller rate. During bear market, Dollar General is likely to outperform the market.. Even though it is essential to pay attention to Dollar General historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting 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. Dollar General Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Dollar General has expected return of -0.135%. Please be advised to confirm Dollar General Treynor Ratio, and the relationship between Variance and Potential Upside to decide if Dollar General past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.43) |
Modest reverse predictability
Dollar General Corporation has modest reverse predictability. Overlapping area represents the amount of predictability between Dollar General time series from January 18, 2018 to February 2, 2018 and February 2, 2018 to February 17, 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 Dollar General price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Dollar General price fluctuation can be explain by its past prices. Given that Dollar General Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Dollar General for similar time interval.
|Correlation Coefficient|| -0.43|
|Spearman Rank Test|| -0.04|
|Price Variance|| 1.8|
|Lagged Price Variance|| 1.68|
Dollar General Lagged Returns