Macroaxis considers Callaway Golf to be not too volatile. Callaway Golf
secures Sharpe Ratio (or Efficiency) of -0.0113 which signifies that Callaway Golf
had -0.0113% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing 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
. Callaway Golf Company exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Callaway Golf Risk Adjusted Performance
of 0.014579 and Mean Deviation of 0.7957 to double-check risk estimate we provide. Macroaxis gives Callaway Golf performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.3053 which signifies that as returns on market increase, Callaway Golf returns are expected to increase less than the market. However during bear market, the loss on holding Callaway Golf will be expected to be smaller as well.. Even though it is essential to pay attention to Callaway Golf historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing 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. Callaway Golf Company exposes twenty-eight different technical indicators which can help you to evaluate its performance. Callaway Golf has expected return of -0.0112%. Please be advised to confirm Callaway Golf Treynor Ratio as well as the relationship between Expected Short fall and Day Median Price to decide if Callaway Golf past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.23) |
Weak reverse predictability
Callaway Golf Company has weak reverse predictability. Overlapping area represents the amount of predictability between Callaway Golf time series from August 21, 2018 to September 5, 2018 and September 5, 2018 to September 20, 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 Callaway Golf price movement. The serial correlation of -0.23 indicates that over 23.0% of current Callaway Golf price fluctuation can be explain by its past prices. Given that Callaway Golf Company has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Callaway Golf for similar time interval.
|Spearman Rank Test||0.0|