Edwards Lifesciences Backtested Returns
Macroaxis considers Edwards Lifesciences to be not too risky. Edwards Lifesciences
secures Sharpe Ratio (or Efficiency) of -0.1896 which denotes Edwards Lifesciences
had -0.1896% 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
. Edwards Lifesciences Corporation exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Edwards Lifesciences Coefficient Of Variation
of (455.25) and Mean Deviation of 0.7039 to check risk estimate we provide. Macroaxis gives Edwards Lifesciences performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.7638 which denotes to the fact that as returns on market increase, Edwards Lifesciences returns are expected to increase less than the market. However during bear market, the loss on holding Edwards Lifesciences will be expected to be smaller as well.. Even though it is essential to pay attention to Edwards Lifesciences historical returns, it is always good to be careful when utilizing equity current trending patternss. 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. Edwards Lifesciences Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Edwards Lifesciences has expected return of -0.1753%. Please be advised to confirm Edwards Lifesciences Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if Edwards Lifesciences past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.06 |
Virtually no predictability
Edwards Lifesciences Corporation has virtually no predictability. Overlapping area represents the amount of predictability between Edwards Lifesciences time series from September 17, 2017 to October 2, 2017 and October 2, 2017 to October 17, 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 Edwards Lifesciences price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Edwards Lifesciences price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.06|
|Spearman Rank Test|| 0.28|
|Price Variance|| 1.22|
|Lagged Price Variance|| 1.14|
Edwards Lifesciences Lagged Returns