Macroaxis considers Edwards Lifesciences to be not too risky. Edwards Lifesciences
secures Sharpe Ratio (or Efficiency) of -0.0858 which denotes Edwards Lifesciences
had -0.0858% 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 1,355 and Mean Deviation of 0.9183 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 -0.1245 which denotes to the fact that as returns on market increase, returns on owning Edwards Lifesciences are expected to decrease at a much smaller rate. During bear market, Edwards Lifesciences is likely to outperform the market.. 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 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. Edwards Lifesciences Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Edwards Lifesciences has expected return of -0.1061%. 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||(0.59) |
Good reverse predictability
Edwards Lifesciences Corporation has good reverse predictability. Overlapping area represents the amount of predictability between Edwards Lifesciences time series from June 19, 2018 to July 4, 2018 and July 4, 2018 to July 19, 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 Edwards Lifesciences price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Edwards Lifesciences price fluctuation can be explain by its past prices. Given that Edwards Lifesciences Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Edwards Lifesciences for similar time interval.
|Correlation Coefficient|| -0.59|
|Spearman Rank Test|| -0.77|
|Price Variance|| 2.21|
|Lagged Price Variance|| 11.55|