Hilton Worldwide Hol Backtested Returns
We consider Hilton Worldwide not too risky. Hilton Worldwide Hol
holds Efficiency (Sharpe) Ratio of 0.2509 which attests that Hilton Worldwide Hol
had 0.2509% 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 check out Hilton Worldwide Coefficient Of Variation
of 209.96, Market Risk Adjusted Performance
of (0.27) and Risk Adjusted Performance of 0.1339 to validate if risk estimate we provide are consistent with the epected return of 0.1244%. Hilton Worldwide has performance score of 16 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.8417 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 extremely important to respect Hilton Worldwide Hol current price history, it is better to be realistic regarding the information on 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 0.1244% will be sustainable into the future. Hilton Worldwide Hol right now retains a risk of 0.4958%. Please check out Hilton Worldwide Maximum Drawdown as well as the relationship between Expected Short fall and Rate Of Daily Change to decide if Hilton Worldwide will be following its current trending patternss.
|15 days auto-correlation|| 0.17 |
Very weak predictability
Hilton Worldwide Holdings Inc has very weak predictability. Overlapping area represents the amount of predictability between Hilton Worldwide time series from September 23, 2017 to October 8, 2017 and October 8, 2017 to October 23, 2017. 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 0.17 indicates that over 17.0% of current Hilton Worldwide price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.17|
|Spearman Rank Test|| 0.26|
|Price Variance|| 0.28|
|Lagged Price Variance|| 0.09|
Hilton Worldwide Lagged Returns