Macroaxis considers Dollar Tree to be not too volatile. Dollar Tree
secures Sharpe Ratio (or Efficiency) of -0.1201 which denotes Dollar Tree
had -0.1201% 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 Tree exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Dollar Tree Coefficient Of Variation
of 899.09 and Mean Deviation of 1.64 to check risk estimate we provide. Macroaxis gives Dollar Tree performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.7917 which denotes to the fact that as returns on market increase, Dollar Tree returns are expected to increase less than the market. However during bear market, the loss on holding Dollar Tree will be expected to be smaller as well.. Even though it is essential to pay attention to Dollar Tree 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 Tree exposes twenty-one different technical indicators which can help you to evaluate its performance. Dollar Tree has expected return of -0.4264%. Please be advised to confirm Dollar Tree Downside Deviation, Treynor Ratio as well as the relationship between Treynor Ratio and Expected Short fall to decide if Dollar Tree past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.58) |
Good reverse predictability
Dollar Tree has good reverse predictability. Overlapping area represents the amount of predictability between Dollar Tree time series from August 21, 2018 to September 5, 2018 and September 5, 2018 to September 20, 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 Tree price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Dollar Tree price fluctuation can be explain by its past prices. Given that Dollar Tree has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Dollar Tree for similar time interval.
|Spearman Rank Test||-0.62|