Seattle Genetics Inc Backtested Returns
Macroaxis considers Seattle Genetics to be not too volatile. Seattle Genetics Inc
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0405 which indicates Seattle Genetics Inc
had -0.0405% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring 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
. Seattle Genetics Inc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Seattle Genetics Coefficient Of Variation
of (1,209) and Risk Adjusted Performance of (0.033294) to confirm risk estimate we provide. Macroaxis gives Seattle Genetics performance score of 0 on a scale of 0 to 100. The entity has beta of 1.5228 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Seattle Genetics will likely underperform.. Even though it is essential to pay attention to Seattle Genetics Inc current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring 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. Seattle Genetics Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Seattle Genetics Inc has expected return of -0.0903%. Please be advised to validate Seattle Genetics Variance as well as the relationship between Value At Risk and Skewness to decide if Seattle Genetics Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.07) |
Very weak reverse predictability
Seattle Genetics Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between Seattle Genetics time series from November 11, 2017 to November 26, 2017 and November 26, 2017 to December 11, 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 Seattle Genetics Inc price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Seattle Genetics price fluctuation can be explain by its past prices. Given that Seattle Genetics Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Seattle Genetics for similar time interval.
|Correlation Coefficient|| -0.07|
|Spearman Rank Test|| -0.33|
|Price Variance|| 1.87|
|Lagged Price Variance|| 0.76|
Seattle Genetics Lagged Returns