eHi Car Services Backtested Returns
Macroaxis considers eHi Car risky given 1 month investment horizon. eHi Car Services
shows Sharpe Ratio of 0.151 which attests that eHi Car Services
had 0.151% 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. By examining eHi Car Services technical indicators
you can presently evaluate if the expected return of 0.7198% is justified by implied risk. Please utilize eHi Car Services Market Risk Adjusted Performance
of (23.89), Mean Deviation of 2.89 and Downside Deviation of 2.65 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 eHi Car holds performance score of 10. The firm maintains market beta of -0.0293 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 vital to follow to eHi Car Services historical price patterns, it is good to be conservative about what you can actually do with the information regarding 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. We have found twenty-one technical indicators for eHi Car Services which you can use to evaluate performance of the organization. Please utilizes eHi Car Services Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to make a quick decision on weather eHi Car Services Limited historical returns will revert.
|15 days auto-correlation|| 0.09 |
Virtually no predictability
eHi Car Services Limited has virtually no predictability. Overlapping area represents the amount of predictability between eHi Car time series from September 22, 2017 to October 7, 2017 and October 7, 2017 to October 22, 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 0.09 indicates that less than 9.0% of current eHi Car price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.09|
|Spearman Rank Test|| -0.13|
|Price Variance|| 0.15|
|Lagged Price Variance|| 0.03|
eHi Car Lagged Returns