We consider eHi Car not too volatile. eHi Car Services
shows Sharpe Ratio of 0.0093 which attests that eHi Car Services
had 0.0093% 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-eight 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 0.006812, Mean Deviation of 0.3299 and Downside Deviation of 0.5786 to validate if risk estimate we provide are consistent with the epected return of 0.0053%. eHi Car has performance score of 0 on a scale of 0 to 100. The firm maintains market beta of 0.0971 which attests that as returns on market increase, eHi Car returns are expected to increase less than the market. However during bear market, the loss on holding eHi Car will be expected to be smaller as well.. 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 0.0053% will be sustainable into the future. eHi Car Services right now maintains a risk of 0.5716%. Please check out eHi Car Services Information Ratio, Value At Risk, Kurtosis, as well as the relationship between Sortino Ratio and Semi Variance to decide if eHi Car Services will be following its historical returns.
|15 days auto-correlation||(0.23) |
Weak reverse predictability
eHi Car Services Limited has weak reverse predictability. Overlapping area represents the amount of predictability between eHi Car time series from May 26, 2018 to June 10, 2018 and June 10, 2018 to June 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 eHi Car Services price movement. The serial correlation of -0.23 indicates that over 23.0% 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|| -0.23|
|Spearman Rank Test|| -0.47|
|Average Price|| 13.29|
|Lagged Average Price|| 13.27|