Dollar Tree Inc Backtested Returns
Macroaxis considers Dollar Tree to be not too risky. Dollar Tree Inc
secures Sharpe Ratio (or Efficiency) of -0.1529 which denotes Dollar Tree Inc
had -0.1529% 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 Inc 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 Inc Coefficient Of Variation
of 771.65 and Mean Deviation of 1.63 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 -0.5109 which denotes to the fact that as returns on market increase, returns on owning Dollar Tree are expected to decrease at a much smaller rate. During bear market, Dollar Tree is likely to outperform the market.. Even though it is essential to pay attention to Dollar Tree Inc 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 Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Dollar Tree Inc has expected return of -0.3526%. Please be advised to confirm Dollar Tree Inc Downside Deviation, Treynor Ratio as well as the relationship between Treynor Ratio and Expected Short fall to decide if Dollar Tree Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.11) |
Insignificant reverse predictability
Dollar Tree Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dollar Tree 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 Dollar Tree Inc price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Dollar Tree price fluctuation can be explain by its past prices. Given that Dollar Tree Inc 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.
|Correlation Coefficient|| -0.11|
|Spearman Rank Test|| -0.3|
|Price Variance|| 1.37|
|Lagged Price Variance|| 23.81|
Dollar Tree Lagged Returns