Hilton Worldwide Hol Backtested Returns
Macroaxis considers Hilton Worldwide to be not too risky. Hilton Worldwide Hol
holds Efficiency (Sharpe) Ratio of -0.0784 which attests that Hilton Worldwide Hol
had -0.0784% 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
. Hilton Worldwide Hol exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hilton Worldwide Market Risk Adjusted Performance
of 1.48 and Risk Adjusted Performance
of 0.20 to validate risk estimate we provide. Macroaxis gives Hilton Worldwide performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.1663 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.. Even though it is essential to pay attention to Hilton Worldwide Hol 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. Hilton Worldwide Hol exposes twenty-one different technical indicators which can help you to evaluate its performance. Hilton Worldwide Hol has expected return of -0.0991%. Please be advised to check out Hilton Worldwide Coefficient Of Variation, Treynor Ratio as well as the relationship between Treynor Ratio and Semi Variance to decide if Hilton Worldwide Hol past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.73) |
Almost perfect reverse predictability
Hilton Worldwide Holdings Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hilton Worldwide time series from February 16, 2018 to March 3, 2018 and March 3, 2018 to March 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 -0.73 indicates that around 73.0% of current Hilton Worldwide price fluctuation can be explain by its past prices. Given that Hilton Worldwide Holdings Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Hilton Worldwide for similar time interval.
|Correlation Coefficient|| -0.73|
|Spearman Rank Test|| -0.93|
|Price Variance|| 1.63|
|Lagged Price Variance|| 4.02|
Hilton Worldwide Lagged Returns