We consider International Business not too risky. International Business
holds Efficiency (Sharpe) Ratio of 0.0927 which attests that International Business
had 0.0927% 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 stock specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for International Business which you can use to evaluate future volatility of the corporation. Please check out International Business Downside Deviation
of 0.7442, Market Risk Adjusted Performance
of 3.72 and Risk Adjusted Performance of 0.0454 to validate if risk estimate we provide are consistent with the epected return of 0.0711%. International Business has performance score of 6 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.0164 which attests that as returns on market increase, returns on owning International Business are expected to decrease at a much smaller rate. During bear market, International Business is likely to outperform the market.. Although it is extremely important to respect International Business 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 International Business technical indicators you can presently evaluate if the expected return of 0.0711% will be sustainable into the future. International Business right now retains a risk of 0.7674%. Please check out International Business Information Ratio, Value At Risk as well as the relationship between Value At Risk and Expected Short fall to decide if International Business will be following its current trending patterns.
|15 days auto-correlation||(0.29) |
Weak reverse predictability
International Business Machines Corporation has weak reverse predictability. Overlapping area represents the amount of predictability between International Business time series from August 27, 2018 to September 11, 2018 and September 11, 2018 to September 26, 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 International Business price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current International Business price fluctuation can be explain by its past prices. Given that International Business Machines Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of International Business for similar time interval.
|Spearman Rank Test||-0.65|