Joy Global Inc Backtested Returns
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 Joy Global Inc which you can use to evaluate future volatility of the corporation. Please check out Joy Global Market Risk Adjusted Performance
of 0.2272 and Risk Adjusted Performance
of 0.045719 to validate if risk estimate we provide are consistent with the epected return of 0.0%. Joy Global has performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.009 which attests that as returns on market increase, returns on owning Joy Global are expected to decrease at a much smaller rate. During bear market, Joy Global is likely to outperform the market.. Although it is extremely important to respect Joy Global Inc 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 Joy Global Inc technical indicators you can presently evaluate if the expected return of 0.0% will be sustainable into the future. Joy Global Inc right now retains a risk of 0.0%. Please check out Joy Global Standard Deviation as well as the relationship between Value At Risk and Kurtosis to decide if Joy Global will be following its current trending patterns.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
Joy Global Inc has no correlation between past and present. Overlapping area represents the amount of predictability between Joy Global time series from February 18, 2018 to March 5, 2018 and March 5, 2018 to March 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 Joy Global Inc price movement. The serial correlation of 0.0 indicates that just 0.0% of current Joy Global price fluctuation can be explain by its past prices.
|Spearman Rank Test|| 1.0|
|Average Price|| 28.3|
|Lagged Average Price|| 28.3|
Joy Global Lagged Returns