Ingram Micro Inc Backtested Returns
Ingram Micro is abnormally risky given 1 month investment horizon. Ingram Micro Inc
holds Efficiency (Sharpe) Ratio of 0.2954 which attests that Ingram Micro Inc
had 0.2954% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use Ingram Micro Inc
market data together with company specific technical indicators
. We found twenty-one different technical indicators
which can help you to evaluate if expected returns of 100.1491% are justified by taking the suggested risk. Use Ingram Micro Inc Market Risk Adjusted Performance
of 1.04 and Risk Adjusted Performance of 0.25 to evaluate company specific risk that cannot be diversified away. Ingram Micro holds performance score of 19 on a scale of zero to a hundred. The company retains Market Volatility (i.e. Beta) of 4.5379 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Ingram Micro will likely underperform.. Although it is essential to pay attention to Ingram Micro Inc current price history, it is also good to be reasonable about what you can actually do with equity current price movements. Macroaxis philosophy towards determining future performance of any stock is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if Ingram Micro Inc expected return of 100.1491 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable. Use Ingram Micro Inc Information Ratio as well as the relationship between Potential Upside and Kurtosis to analyze future returns on Ingram Micro Inc.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
Ingram Micro Inc has no correlation between past and present. Overlapping area represents the amount of predictability between Ingram Micro 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 Ingram Micro Inc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Ingram Micro price fluctuation can be explain by its past prices.
|Spearman Rank Test|| 1.0|
|Average Price|| 38.89|
|Lagged Average Price|| 38.89|
Ingram Micro Lagged Returns