Macroaxis considers Genpact to be not too risky. Genpact Limited
holds Efficiency (Sharpe) Ratio of -0.0654 which attests that Genpact Limited
had -0.0654% 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 Market Risk Adjusted Performance
of 0.59 and Risk Adjusted Performance of 0.037571 to validate risk estimate we provide. Macroaxis gives Genpact performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.1519 which attests that as returns on market increase, Genpact returns are expected to increase less than the market. However during bear market, the loss on holding Genpact 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 -0.046%. Please be advised to check out Genpact 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||(0.03) |
Very weak reverse predictability
Genpact Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Genpact time series from August 20, 2018 to September 4, 2018 and September 4, 2018 to September 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 Genpact Limited price movement. The serial correlation of -0.03 indicates that only 3.0% of current Genpact price fluctuation can be explain by its past prices. Given that Genpact Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Genpact for similar time interval.
|Spearman Rank Test||0.12|