Genpact Limited Backtested Returns
Macroaxis considers Genpact Limited to be not too volatile. Genpact Limited
holds Efficiency (Sharpe) Ratio of -0.2342 which attests that Genpact Limited
had -0.2342% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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
. Genpact Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Genpact Limited Market Risk Adjusted Performance
of 0.63 and Risk Adjusted Performance of 0.38 to validate risk estimate we provide. Macroaxis gives Genpact Limited performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.6665 which attests that as returns on market increase, Genpact Limited returns are expected to increase less than the market. However during bear market, the loss on holding Genpact Limited will be expected to be smaller as well.. Even though it is essential to pay attention to Genpact Limited current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining 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. Genpact Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Genpact Limited has expected return of -0.4492%. Please be advised to check out Genpact Limited Maximum Drawdown, and the relationship between Information Ratio and Downside Variance to decide if Genpact Limited past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.37 |
Below average predictability
Genpact Limited has below average predictability. Overlapping area represents the amount of predictability between Genpact Limited time series from January 21, 2018 to February 5, 2018 and February 5, 2018 to February 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 Genpact Limited price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Genpact Limited price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.37|
|Spearman Rank Test|| 0.61|
|Price Variance|| 0.38|
|Lagged Price Variance|| 0.44|
Genpact Limited Lagged Returns