Emerge Energy Services Backtested Returns
Macroaxis considers Emerge Energy to be moderately volatile. Emerge Energy Services
secures Sharpe Ratio (or Efficiency) of -0.4797 which denotes Emerge Energy Services
had -0.4797% 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
. Emerge Energy Services LP exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Emerge Energy Services Coefficient Of Variation
of (400.31) and Mean Deviation of 2.24 to check risk estimate we provide. Macroaxis gives Emerge Energy performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.3614 which denotes to the fact that as returns on market increase, returns on owning Emerge Energy are expected to decrease at a much smaller rate. During bear market, Emerge Energy is likely to outperform the market.. Even though it is essential to pay attention to Emerge Energy Services 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. Emerge Energy Services LP exposes twenty-one different technical indicators which can help you to evaluate its performance. Emerge Energy Services has expected return of -1.1949%. Please be advised to confirm Emerge Energy Services Variance as well as the relationship between Value At Risk and Skewness to decide if Emerge Energy Services past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.63 |
Emerge Energy Services LP has good predictability. Overlapping area represents the amount of predictability between Emerge Energy 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 Emerge Energy Services price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Emerge Energy price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.63|
|Spearman Rank Test|| 0.48|
|Price Variance|| 0.12|
|Lagged Price Variance|| 0.11|
Emerge Energy Lagged Returns