Las Vegas Sands Backtested Returns
Macroaxis considers Las Vegas to be not too risky. Las Vegas Sands
has Sharpe Ratio of -0.0772 which conveys that Las Vegas Sands
had -0.0772% 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
. Las Vegas exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Las Vegas Sands Corp Mean Deviation
of 0.8621 and Risk Adjusted Performance
of (0.010057) to check out risk estimate we provide. Macroaxis gives Las Vegas performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of 2.27 which conveys that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Las Vegas will likely underperform.. Even though it is essential to pay attention to Las Vegas Sands 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. Las Vegas exposes twenty-one different technical indicators which can help you to evaluate its performance. Las Vegas Sands has expected return of -0.0852%. Please be advised to verify Las Vegas Sands Corp Information Ratio and Downside Variance to decide if Las Vegas Sands past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.25) |
Weak reverse predictability
Las Vegas Sands Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Las Vegas time series from September 18, 2017 to October 3, 2017 and October 3, 2017 to October 18, 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 Las Vegas Sands price movement. The serial correlation of -0.25 indicates that over 25.0% of current Las Vegas price fluctuation can be explain by its past prices. Given that Las Vegas Sands Corp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Las Vegas for similar time interval.
|Correlation Coefficient|| -0.25|
|Spearman Rank Test|| -0.48|
|Price Variance|| 1.34|
|Lagged Price Variance|| 0.51|
Las Vegas Lagged Returns