Kingtone Wirelessinfo Backtested Returns
Macroaxis considers Kingtone Wirelessinfo extremely risky given 1 month investment horizon. Kingtone Wirelessinfo
has Sharpe Ratio of 0.0666 which conveys that Kingtone Wirelessinfo
had 0.0666% of return per unit of risk over the last 1 month. Our philosophy towards estimating 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 Kingtone Wirelessinfo which you can use to evaluate future volatility of the firm. Please exercise Kingtone Wirelessinfo Solution Holding Ltd Mean Deviation
of 5.08 and Risk Adjusted Performance
of (0.063297) to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Kingtone Wirelessinfo holds performance score of 4. The company secures Beta (Market Risk) of 6.0319 which conveys that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Kingtone Wirelessinfo will likely underperform.. Although it is vital to follow to Kingtone Wirelessinfo price patterns, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns. The philosophy towards estimating 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 analyzing Kingtone Wirelessinfo technical indicators you can presently evaluate if the expected return of 0.3269% will be sustainable into the future. Please exercises Kingtone Wirelessinfo Solution Holding Ltd Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to make a quick decision on weather Kingtone Wirelessinfo current price movements will revert.
|15 days auto-correlation||(0.18) |
Insignificant reverse predictability
Kingtone Wirelessinfo Solution Holding Ltd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kingtone Wirelessinfo time series from November 11, 2017 to November 26, 2017 and November 26, 2017 to December 11, 2017. 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 -0.18 indicates that over 18.0% 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|| -0.18|
|Spearman Rank Test|| 0.27|
|Lagged Price Variance|| 0.06|
|Average Price|| 3.86|
Kingtone Wirelessinfo Lagged Returns