Macroaxis considers Macys to be not too volatile. Macys
has Sharpe Ratio of -0.1669 which conveys that Macys
had -0.1669% 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
. Macys exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Macys Mean Deviation
of 0.9066 and Risk Adjusted Performance
of 0.08 to check out risk estimate we provide. Macroaxis gives Macys performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.828 which conveys that as returns on market increase, returns on owning Macys are expected to decrease at a much smaller rate. During bear market, Macys is likely to outperform the market.. Even though it is essential to pay attention to Macys 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. Macys exposes twenty-one different technical indicators which can help you to evaluate its performance. Macys has expected return of -0.301%. Please be advised to verify Macys Variance as well as the relationship between Value At Risk and Skewness to decide if Macys past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.03) |
Very weak reverse predictability
Macys has very weak reverse predictability. Overlapping area represents the amount of predictability between Macys time series from August 21, 2018 to September 5, 2018 and September 5, 2018 to September 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 Macys price movement. The serial correlation of -0.03 indicates that only 3.0% of current Macys price fluctuation can be explain by its past prices. Given that Macys has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Macys for similar time interval.
|Spearman Rank Test||0.25|