Otis Gold Corp Backtested Returns
Macroaxis considers Otis Gold to be abnormally risky. Otis Gold Corp
maintains Sharpe Ratio (i.e. Efficiency) of -0.207 which implies Otis Gold Corp
had -0.207% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting 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
. Otis Gold Corp exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Otis Gold Corp Coefficient Of Variation
of (509.47) and Risk Adjusted Performance of (0.087833) to confirm risk estimate we provide. Macroaxis gives Otis Gold performance score of 0 on a scale of 0 to 100. The organization holds Beta of -2.4748 which implies as returns on market increase, returns on owning Otis Gold are expected to decrease by larger amounts. On the other hand, during market turmoil, Otis Gold is expected to significantly outperform it.. Even though it is essential to pay attention to Otis Gold Corp current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting 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. Otis Gold Corp exposes twenty-eight different technical indicators which can help you to evaluate its performance. Otis Gold Corp has expected return of -1.3692%. Please be advised to check Otis Gold Corp Jensen Alpha, Potential Upside, Accumulation Distribution, as well as the relationship between Treynor Ratio and Expected Short fall to decide if Otis Gold Corp past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.37 |
Below average predictability
Otis Gold Corp has below average predictability. Overlapping area represents the amount of predictability between Otis Gold time series from November 13, 2017 to November 28, 2017 and November 28, 2017 to December 13, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Otis Gold Corp price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Otis Gold price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.37|
|Spearman Rank Test|| 0.15|
|Average Price|| 0.15|
|Lagged Average Price|| 0.2|
Otis Gold Lagged Returns