Macroaxis considers NACCO Industries to be not too volatile. NACCO Industries
retains Efficiency (Sharpe Ratio) of -0.1119 which conveys that NACCO Industries
had -0.1119% of return per unit of risk over the last 1 month. Macroaxis approach 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
. NACCO Industries exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify NACCO Industries Market Risk Adjusted Performance
of 0.91 and Mean Deviation of 1.97 to check out risk estimate we provide. Macroaxis gives NACCO Industries performance score of 0 on a scale of 0 to 100. The corporation owns Beta (Systematic Risk) of 0.2402 which conveys that as returns on market increase, NACCO Industries returns are expected to increase less than the market. However during bear market, the loss on holding NACCO Industries will be expected to be smaller as well.. Even though it is essential to pay attention to NACCO Industries existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis approach 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. NACCO Industries exposes twenty-eight different technical indicators which can help you to evaluate its performance. NACCO Industries has expected return of -0.2965%. Please be advised to verify NACCO Industries Information Ratio, Downside Variance, Day Median Price, as well as the relationship between Treynor Ratio and Kurtosis to decide if NACCO Industries past performance will be repeated in the future.
|15 days auto-correlation||(0.13) |
Insignificant reverse predictability
NACCO Industries has insignificant reverse predictability. Overlapping area represents the amount of predictability between NACCO Industries time series from June 18, 2018 to July 3, 2018 and July 3, 2018 to July 18, 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 NACCO Industries price movement. The serial correlation of -0.13 indicates that less than 13.0% of current NACCO Industries price fluctuation can be explain by its past prices. Given that NACCO Industries has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NACCO Industries for similar time interval.
|Correlation Coefficient|| -0.13|
|Spearman Rank Test|| 0.61|
|Price Variance|| 0.25|
|Lagged Price Variance|| 0.73|