Macroaxis considers Marriott International to be not too risky. Marriott International
has Sharpe Ratio of -0.2243 which conveys that Marriott International
had -0.2243% 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
. Marriott International exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Marriott International Mean Deviation
of 0.9451 and Risk Adjusted Performance
of 0.11 to check out risk estimate we provide. Macroaxis gives Marriott International performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.0225 which conveys that as returns on market increase, returns on owning Marriott International are expected to decrease at a much smaller rate. During bear market, Marriott International is likely to outperform the market.. Even though it is essential to pay attention to Marriott International 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. Marriott International exposes twenty-one different technical indicators which can help you to evaluate its performance. Marriott International has expected return of -0.2765%. Please be advised to verify Marriott International Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if Marriott International past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.90) |
Excellent reverse predictability
Marriott International has excellent reverse predictability. Overlapping area represents the amount of predictability between Marriott International time series from June 16, 2018 to July 1, 2018 and July 1, 2018 to July 16, 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 Marriott International price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Marriott International price fluctuation can be explain by its past prices. Given that Marriott International has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Marriott International for similar time interval.
|Correlation Coefficient|| -0.9|
|Spearman Rank Test|| -0.93|
|Price Variance|| 5.06|
|Lagged Price Variance|| 19.74|