Kingtone Wirelessinfo Backtested Returns
Macroaxis considers Kingtone Wirelessinfo to be extremely volatile. Kingtone Wirelessinfo
has Sharpe Ratio of -0.1661 which conveys that Kingtone Wirelessinfo
had -0.1661% 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
. Kingtone Wirelessinfo exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Kingtone Wirelessinfo Solution Holding Ltd Mean Deviation
of 4.65 and Risk Adjusted Performance
of 0.37 to check out risk estimate we provide. Macroaxis gives Kingtone Wirelessinfo performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.4838 which conveys that as returns on market increase, returns on owning Kingtone Wirelessinfo are expected to decrease at a much smaller rate. During bear market, Kingtone Wirelessinfo is likely to outperform the market.. Even though it is essential to pay attention to Kingtone Wirelessinfo 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. Kingtone Wirelessinfo exposes twenty-one different technical indicators which can help you to evaluate its performance. Kingtone Wirelessinfo has expected return of -0.9968%. Please be advised to verify Kingtone Wirelessinfo Solution Holding Ltd Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if Kingtone Wirelessinfo past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.59) |
Good reverse predictability
Kingtone Wirelessinfo Solution Holding Ltd has good reverse predictability. Overlapping area represents the amount of predictability between Kingtone Wirelessinfo time series from January 25, 2018 to February 9, 2018 and February 9, 2018 to February 24, 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 Kingtone Wirelessinfo price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Kingtone Wirelessinfo price fluctuation can be explain by its past prices. Given that Kingtone Wirelessinfo Solution Holding Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Kingtone Wirelessinfo for similar time interval.
|Correlation Coefficient|| -0.59|
|Spearman Rank Test|| -0.7|
|Price Variance|| 0.03|
|Lagged Price Variance|| 0.2|
Kingtone Wirelessinfo Lagged Returns