China Ming Yang Backtested Returns
Macroaxis considers China Ming to be abnormally risky. China Ming Yang
secures Sharpe Ratio (or Efficiency) of -0.0535 which signifies that China Ming Yang
had -0.0535% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing 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
. China Ming Yang Wind Power Group Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm China Ming Yang Risk Adjusted Performance
of (0.023063) and Mean Deviation of 6.22 to double-check risk estimate we provide. Macroaxis gives China Ming performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.034 which signifies that China Ming returns are very sensitive to returns on the market. as market goes up or down, China Ming is expected to follow.. Even though it is essential to pay attention to China Ming Yang historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing 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. China Ming Yang Wind Power Group Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. China Ming Yang has expected return of -0.5068%. Please be advised to confirm China Ming Yang Downside Deviation, Treynor Ratio as well as the relationship between Treynor Ratio and Expected Short fall to decide if China Ming Yang past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.11) |
Insignificant reverse predictability
China Ming Yang Wind Power Group Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between China Ming time series from December 21, 2017 to January 5, 2018 and January 5, 2018 to January 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 China Ming Yang price movement. The serial correlation of -0.11 indicates that less than 11.0% of current China Ming price fluctuation can be explain by its past prices. Given that China Ming Yang Wind Power Group Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of China Ming for similar time interval.
|Correlation Coefficient|| -0.11|
|Spearman Rank Test|| 0.8|
|Average Price|| 0.36|
|Lagged Average Price|| 0.38|
China Ming Lagged Returns