NantKwest Inc Backtested Returns
Macroaxis considers NantKwest to be relatively risky. NantKwest Inc
has Sharpe Ratio of -0.0706 which conveys that NantKwest Inc
had -0.0706% 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
. NantKwest exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify NantKwest Inc Mean Deviation
of 3.09 and Risk Adjusted Performance
of 0.11 to check out risk estimate we provide. Macroaxis gives NantKwest performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.5931 which conveys that as returns on market increase, returns on owning NantKwest are expected to decrease at a much smaller rate. During bear market, NantKwest is likely to outperform the market.. Even though it is essential to pay attention to NantKwest Inc 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. NantKwest exposes twenty-one different technical indicators which can help you to evaluate its performance. NantKwest Inc has expected return of -0.2741%. Please be advised to verify NantKwest Inc Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if NantKwest Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.40) |
Poor reverse predictability
NantKwest Inc has poor reverse predictability. Overlapping area represents the amount of predictability between NantKwest time series from February 18, 2018 to March 5, 2018 and March 5, 2018 to March 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 NantKwest Inc price movement. The serial correlation of -0.4 indicates that just about 40.0% of current NantKwest price fluctuation can be explain by its past prices. Given that NantKwest Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NantKwest for similar time interval.
|Correlation Coefficient|| -0.4|
|Spearman Rank Test|| -0.16|
|Price Variance|| 0.08|
|Lagged Price Variance|| 0.04|
NantKwest Lagged Returns