Macroaxis considers Gartner to be not too risky. Gartner
holds Efficiency (Sharpe) Ratio of -0.0173 which attests that Gartner
had -0.0173% 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
. Gartner exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Gartner Market Risk Adjusted Performance
of (0.16) and Risk Adjusted Performance of (0.11) to validate risk estimate we provide. Macroaxis gives Gartner performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.9585 which attests that Gartner returns are very sensitive to returns on the market. as market goes up or down, Gartner is expected to follow.. Even though it is essential to pay attention to Gartner 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. Gartner exposes twenty-one different technical indicators which can help you to evaluate its performance. Gartner has expected return of -0.0304%. Please be advised to check out Gartner Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if Gartner past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.31) |
Poor reverse predictability
Gartner has poor reverse predictability. Overlapping area represents the amount of predictability between Gartner time series from October 10, 2018 to November 9, 2018 and November 9, 2018 to December 9, 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 -0.31 indicates that nearly 31.0% 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.
|Spearman Rank Test||-0.32|