Hilton Worldwide Hol Backtested Returns
Macroaxis considers Hilton Worldwide not too risky given 1 month investment horizon. Hilton Worldwide Hol
holds Efficiency (Sharpe) Ratio of 0.4544 which attests that Hilton Worldwide Hol
had 0.4544% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-seven technical indicators
for Hilton Worldwide Hol which you can use to evaluate future volatility of the corporation. Please utilize Hilton Worldwide Coefficient Of Variation
of 202.3, Market Risk Adjusted Performance
of (1.34) and Risk Adjusted Performance of 0.1996 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Hilton Worldwide holds performance score of 29. The company retains Market Volatility (i.e. Beta) of -0.334 which attests that as returns on market increase, returns on owning Hilton Worldwide are expected to decrease at a much smaller rate. During bear market, Hilton Worldwide is likely to outperform the market.. Although it is vital to follow to Hilton Worldwide Hol current price history, it is good to be conservative about what you can actually do with the information regarding equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating Hilton Worldwide Hol technical indicators you can presently evaluate if the expected return of 0.416% will be sustainable into the future. Please utilizes Hilton Worldwide Maximum Drawdown as well as the relationship between Expected Short fall and Rate Of Daily Change to make a quick decision on weather Hilton Worldwide Holdings Inc current trending patterns will revert.
|15 days auto-correlation|| 0.67 |
Hilton Worldwide Holdings Inc has good predictability. Overlapping area represents the amount of predictability between Hilton Worldwide time series from December 19, 2017 to January 3, 2018 and January 3, 2018 to January 18, 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 Hilton Worldwide Hol price movement. The serial correlation of 0.67 indicates that around 67.0% of current Hilton Worldwide price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.67|
|Spearman Rank Test|| 0.75|
|Price Variance|| 2.4|
|Lagged Price Variance|| 0.75|
Hilton Worldwide Lagged Returns