eHi Car Services Backtested Returns
We consider eHi Car not very volatile. eHi Car Services
shows Sharpe Ratio of 0.0736 which attests that eHi Car Services
had 0.0736% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for eHi Car Services which you can use to evaluate future volatility of the organization. Please check out eHi Car Services Market Risk Adjusted Performance
of (0.002265), Mean Deviation of 1.57 and Downside Deviation of 1.69 to validate if risk estimate we provide are consistent with the epected return of 0.1829%. eHi Car has performance score of 4 on a scale of 0 to 100. The firm maintains market beta of -0.0564 which attests that as returns on market increase, returns on owning eHi Car are expected to decrease at a much smaller rate. During bear market, eHi Car is likely to outperform the market.. Although it is extremely important to respect eHi Car Services historical price patterns, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By examining eHi Car Services technical indicators you can presently evaluate if the expected return of 0.1829% will be sustainable into the future. eHi Car Services right now maintains a risk of 2.4834%. Please check out eHi Car Services Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to decide if eHi Car Services will be following its historical returns.
|15 days auto-correlation||(0.37) |
Poor reverse predictability
eHi Car Services Limited has poor reverse predictability. Overlapping area represents the amount of predictability between eHi Car time series from November 11, 2017 to November 26, 2017 and November 26, 2017 to December 11, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of eHi Car Services price movement. The serial correlation of -0.37 indicates that just about 37.0% of current eHi Car price fluctuation can be explain by its past prices. Given that eHi Car Services Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of eHi Car for similar time interval.
|Correlation Coefficient|| -0.37|
|Spearman Rank Test|| -0.56|
|Price Variance|| 0.12|
|Lagged Price Variance|| 0.23|
eHi Car Lagged Returns