We consider Gartner not too risky. Gartner
holds Efficiency (Sharpe) Ratio of 0.0814 which attests that Gartner
had 0.0814% 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-one technical indicators
for Gartner which you can use to evaluate future volatility of the corporation. Please check out Gartner Downside Deviation
of 0.9077, Market Risk Adjusted Performance
of 0.27 and Risk Adjusted Performance of 0.049 to validate if risk estimate we provide are consistent with the epected return of 0.0766%. Gartner has performance score of 5 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.216 which attests that as returns on market increase, returns on owning Gartner are expected to decrease at a much smaller rate. During bear market, Gartner is likely to outperform the market.. Although it is extremely important to respect Gartner 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 Gartner technical indicators you can presently evaluate if the expected return of 0.0766% will be sustainable into the future. Gartner right now retains a risk of 0.9407%. Please check out Gartner Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if Gartner will be following its current trending patterns.
|15 days auto-correlation||(0.82) |
Excellent reverse predictability
Gartner has excellent reverse predictability. Overlapping area represents the amount of predictability between Gartner time series from June 18, 2018 to July 3, 2018 and July 3, 2018 to July 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 Gartner price movement. The serial correlation of -0.82 indicates that around 82.0% of current Gartner price fluctuation can be explain by its past prices. Given that Gartner has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Gartner for similar time interval.
|Correlation Coefficient|| -0.82|
|Spearman Rank Test|| -0.54|
|Price Variance|| 3.09|
|Lagged Price Variance|| 4.15|