Delek US Holdings Backtested Returns
Macroaxis considers Delek US to be not very risky. Delek US Holdings
secures Sharpe Ratio (or Efficiency) of -0.093 which denotes Delek US Holdings
had -0.093% 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
. Delek US 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 Delek US Holdings Coefficient Of Variation
of 783.15 and Mean Deviation of 1.76 to check risk estimate we provide. Macroaxis gives Delek US performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.4255 which denotes to the fact that as returns on market increase, returns on owning Delek US are expected to decrease at a much smaller rate. During bear market, Delek US is likely to outperform the market.. Even though it is essential to pay attention to Delek US Holdings 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. Delek US Holdings Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Delek US Holdings has expected return of -0.2343%. Please be advised to confirm Delek US Holdings Treynor Ratio, and the relationship between Variance and Potential Upside to decide if Delek US Holdings past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.69) |
Very good reverse predictability
Delek US Holdings Inc has very good reverse predictability. Overlapping area represents the amount of predictability between Delek US time series from January 26, 2018 to February 10, 2018 and February 10, 2018 to February 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 Delek US Holdings price movement. The serial correlation of -0.69 indicates that around 69.0% of current Delek US price fluctuation can be explain by its past prices. Given that Delek US Holdings Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Delek US for similar time interval.
|Correlation Coefficient|| -0.69|
|Spearman Rank Test|| -0.54|
|Price Variance|| 0.58|
|Lagged Price Variance|| 2.13|
Delek US Lagged Returns