Otis Gold Corp Backtested Returns
Macroaxis considers Otis Gold to be abnormally risky. Otis Gold Corp
maintains Sharpe Ratio (i.e. Efficiency) of -0.046 which implies Otis Gold Corp
had -0.046% 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-one 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 (775.37) and Risk Adjusted Performance of (0.020184) 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 8.4659 which implies as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Otis Gold will likely underperform.. Even though it is essential to pay attention to Otis Gold Corp current trending patternss, 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-one different technical indicators which can help you to evaluate its performance. Otis Gold Corp has expected return of -0.2394%. Please be advised to check Otis Gold Corp Variance and 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||(0.15) |
Insignificant reverse predictability
Otis Gold Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Otis Gold time series from September 17, 2017 to October 2, 2017 and October 2, 2017 to October 17, 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 -0.15 indicates that less than 15.0% of current Otis Gold price fluctuation can be explain by its past prices. Given that Otis Gold Corp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Otis Gold for similar time interval.
|Correlation Coefficient|| -0.15|
|Spearman Rank Test|| -0.31|
|Average Price|| 0.25|
|Lagged Average Price|| 0.26|
Otis Gold Lagged Returns