Macroaxis considers China Distance to be moderately volatile. China Distance Educa
secures Sharpe Ratio (or Efficiency) of -0.0867 which signifies that China Distance Educa
had -0.0867% 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
. China Distance Education Holdings Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm China Distance Educa Risk Adjusted Performance
of 0.06 and Mean Deviation of 2.02 to double-check risk estimate we provide. Macroaxis gives China Distance performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.2224 which signifies that as returns on market increase, China Distance returns are expected to increase less than the market. However during bear market, the loss on holding China Distance will be expected to be smaller as well.. Even though it is essential to pay attention to China Distance Educa 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. China Distance Education Holdings Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. China Distance Educa has expected return of -0.28%. Please be advised to confirm China Distance Educa Variance as well as the relationship between Maximum Drawdown and Semi Variance to decide if China Distance Educa past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.69) |
Very good reverse predictability
China Distance Education Holdings Limited has very good reverse predictability. Overlapping area represents the amount of predictability between China Distance time series from August 23, 2018 to September 7, 2018 and September 7, 2018 to September 22, 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 China Distance Educa price movement. The serial correlation of -0.69 indicates that around 69.0% of current China Distance price fluctuation can be explain by its past prices. Given that China Distance Education Holdings Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of China Distance for similar time interval.
|Spearman Rank Test||-0.54|