Macroaxis considers Ecolab to be not too risky. Ecolab
secures Sharpe Ratio (or Efficiency) of -0.1043 which denotes Ecolab
had -0.1043% 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
. Ecolab exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Ecolab Coefficient Of Variation
of 887.57 and Mean Deviation of 0.5606 to check risk estimate we provide. Macroaxis gives Ecolab performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.1936 which denotes to the fact that as returns on market increase, returns on owning Ecolab are expected to decrease at a much smaller rate. During bear market, Ecolab is likely to outperform the market.. Even though it is essential to pay attention to Ecolab 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. Ecolab exposes twenty-one different technical indicators which can help you to evaluate its performance. Ecolab has expected return of -0.0741%. Please be advised to confirm Ecolab Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Ecolab past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.87) |
Excellent reverse predictability
Ecolab has excellent reverse predictability. Overlapping area represents the amount of predictability between Ecolab time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 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 Ecolab price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Ecolab price fluctuation can be explain by its past prices. Given that Ecolab has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Ecolab for similar time interval.
|Correlation Coefficient|| -0.87|
|Spearman Rank Test|| -0.24|
|Price Variance|| 1.1|
|Lagged Price Variance|| 5.66|