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 -0.0336 which indicates Seattle Genetics Inc
had -0.0336% 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 1,396 and Risk Adjusted Performance of 0.12 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 0.7805 which indicates as returns on market increase, Seattle Genetics returns are expected to increase less than the market. However during bear market, the loss on holding Seattle Genetics will be expected to be smaller as well.. 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 -0.0974%. 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||(0.53) |
Good reverse predictability
Seattle Genetics Inc has good reverse predictability. Overlapping area represents the amount of predictability between Seattle Genetics time series from January 23, 2018 to February 7, 2018 and February 7, 2018 to February 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 Seattle Genetics Inc price movement. The serial correlation of -0.53 indicates that about 53.0% 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|| -0.53|
|Spearman Rank Test|| -0.29|
|Price Variance|| 2.43|
|Lagged Price Variance|| 1.75|
Seattle Genetics Lagged Returns