Macroaxis considers Ingersoll Rand to be not too risky. Ingersoll Rand Plc
holds Efficiency (Sharpe) Ratio of -0.0901 which attests that Ingersoll Rand Plc
had -0.0901% of return per unit of risk over the last 2 months. 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
. Ingersoll Rand Plc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Ingersoll Rand Market Risk Adjusted Performance
of 4.59 and Risk Adjusted Performance
of 0.21 to validate risk estimate we provide. Macroaxis gives Ingersoll Rand performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.042 which attests that as returns on market increase, returns on owning Ingersoll Rand are expected to decrease at a much smaller rate. During bear market, Ingersoll Rand is likely to outperform the market.. Even though it is essential to pay attention to Ingersoll Rand Plc 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. Ingersoll Rand Plc exposes twenty-one different technical indicators which can help you to evaluate its performance. Ingersoll Rand Plc has expected return of -0.1366%. Please be advised to check out Ingersoll Rand Information Ratio as well as the relationship between Potential Upside and Kurtosis to decide if Ingersoll Rand Plc past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.39 |
Below average predictability
Ingersoll Rand Plc has below average predictability. Overlapping area represents the amount of predictability between Ingersoll Rand time series from February 19, 2018 to March 21, 2018 and March 21, 2018 to April 20, 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 Ingersoll Rand Plc price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Ingersoll Rand price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.39|
|Spearman Rank Test|| 0.13|
|Price Variance|| 1.84|
|Lagged Price Variance|| 2.05|