Knowles Backtested Returns
Macroaxis considers Knowles to be not too volatile. Knowles
has Sharpe Ratio of -0.2011 which conveys that Knowles
had -0.2011% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating 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
. Knowles exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Knowles Corporation Mean Deviation
of 0.9979 and Risk Adjusted Performance
of 0.21 to check out risk estimate we provide. Macroaxis gives Knowles performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.1127 which conveys that as returns on market increase, returns on owning Knowles are expected to decrease at a much smaller rate. During bear market, Knowles is likely to outperform the market.. Even though it is essential to pay attention to Knowles price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating 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. Knowles exposes twenty-one different technical indicators which can help you to evaluate its performance. Knowles has expected return of -0.2586%. Please be advised to verify Knowles Corporation Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Knowles past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.06 |
Virtually no predictability
Knowles Corporation has virtually no predictability. Overlapping area represents the amount of predictability between Knowles 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 Knowles price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Knowles price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.06|
|Spearman Rank Test|| 0.28|
|Price Variance|| 0.11|
|Lagged Price Variance|| 0.01|
Knowles Lagged Returns