Macroaxis considers Royal Bank to be not too risky. Royal Bank of
maintains Sharpe Ratio (i.e. Efficiency) of -0.1167 which implies Royal Bank of
had -0.1167% of return per unit of risk over the last 2 months. 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
. Royal Bank of exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Royal Bank of Coefficient Of Variation
of 1,452 and Risk Adjusted Performance of 0.12 to confirm risk estimate we provide. Macroaxis gives Royal Bank performance score of 0 on a scale of 0 to 100. The organization holds Beta of 0.0507 which implies as returns on market increase, Royal Bank returns are expected to increase less than the market. However during bear market, the loss on holding Royal Bank will be expected to be smaller as well.. Even though it is essential to pay attention to Royal Bank of 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. Royal Bank of exposes twenty-one different technical indicators which can help you to evaluate its performance. Royal Bank of has expected return of -0.0873%. Please be advised to check Royal Bank of Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Royal Bank of past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.22) |
Weak reverse predictability
Royal Bank of Canada has weak reverse predictability. Overlapping area represents the amount of predictability between Royal Bank time series from February 21, 2018 to March 23, 2018 and March 23, 2018 to April 22, 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 Royal Bank of price movement. The serial correlation of -0.22 indicates that over 22.0% of current Royal Bank price fluctuation can be explain by its past prices. Given that Royal Bank of Canada has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Royal Bank for similar time interval.
|Correlation Coefficient|| -0.22|
|Price Variance|| 1.76|
|Lagged Price Variance|| 0.78|
|Average Price|| 97.71|