We consider Jones Lang not too risky. Jones Lang LaSalle
holds Efficiency (Sharpe) Ratio of 0.0162 which attests that Jones Lang LaSalle
had 0.0162% 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 Jones Lang LaSalle which you can use to evaluate future volatility of the corporation. Please check out Jones Lang Downside Deviation
of 1.78, Market Risk Adjusted Performance
of 0.07 and Risk Adjusted Performance of 0.0078 to validate if risk estimate we provide are consistent with the epected return of 0.0221%. Jones Lang has performance score of 1 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.0752 which attests that as returns on market increase, Jones Lang returns are expected to increase less than the market. However during bear market, the loss on holding Jones Lang will be expected to be smaller as well.. Although it is extremely important to respect Jones Lang LaSalle 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 Jones Lang LaSalle technical indicators you can presently evaluate if the expected return of 0.0221% will be sustainable into the future. Jones Lang LaSalle right now retains a risk of 1.3629%. Please check out Jones Lang Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Jones Lang will be following its current trending patterns.
|15 days auto-correlation|| 0.36 |
Below average predictability
Jones Lang LaSalle Incorporated has below average predictability. Overlapping area represents the amount of predictability between Jones Lang time series from June 22, 2018 to July 7, 2018 and July 7, 2018 to July 22, 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 Jones Lang LaSalle price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Jones Lang price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.36|
|Spearman Rank Test|| -0.2|
|Price Variance|| 3.63|
|Lagged Price Variance|| 6.02|