Macroaxis considers SP Plus to be not too risky. SP Plus
retains Efficiency (Sharpe Ratio) of -0.2349 which indicates SP Plus
had -0.2349% of return per unit of price deviation over the last 1 month. Macroaxis approach 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
. SP Plus exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SP Plus Corporation Mean Deviation
of 0.8922 and Risk Adjusted Performance
of 0.12 to confirm risk estimate we provide. Macroaxis gives SP Plus performance score of 0 on a scale of 0 to 100. The entity owns Beta (Systematic Risk) of 0.135 which indicates as returns on market increase, SP Plus returns are expected to increase less than the market. However during bear market, the loss on holding SP Plus will be expected to be smaller as well.. Even though it is essential to pay attention to SP Plus existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis approach 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. SP Plus exposes twenty-one different technical indicators which can help you to evaluate its performance. SP Plus has expected return of -0.2509%. Please be advised to validate SP Plus Corporation Standard Deviation as well as the relationship between Value At Risk and Kurtosis to decide if SP Plus past performance will be repeated at some future date.
|15 days auto-correlation|| 0.88 |
Very good predictability
SP Plus Corporation has very good predictability. Overlapping area represents the amount of predictability between SP Plus time series from June 20, 2018 to July 5, 2018 and July 5, 2018 to July 20, 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 SP Plus price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current SP Plus price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.88|
|Spearman Rank Test|| 0.67|
|Price Variance|| 0.31|
|Lagged Price Variance|| 0.58|