Sensata Technologies Backtested Returns
Macroaxis considers Sensata Technologies to be not too volatile. Sensata Technologies
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0744 which indicates Sensata Technologies
had -0.0744% 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
. Sensata Technologies Holding N V exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Sensata Technologies Coefficient Of Variation
of 1,988 and Risk Adjusted Performance of 0.08511 to confirm risk estimate we provide. Macroaxis gives Sensata Technologies performance score of 0 on a scale of 0 to 100. The entity has beta of 1.0677 which indicates Sensata Technologies returns are very sensitive to returns on the market. as market goes up or down, Sensata Technologies is expected to follow.. Even though it is essential to pay attention to Sensata Technologies 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. Sensata Technologies Holding N V exposes twenty-eight different technical indicators which can help you to evaluate its performance. Sensata Technologies has expected return of -0.143%. Please be advised to validate Sensata Technologies Potential Upside as well as the relationship between Accumulation Distribution and Price Action Indicator to decide if Sensata Technologies past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.35) |
Poor reverse predictability
Sensata Technologies Holding N V has poor reverse predictability. Overlapping area represents the amount of predictability between Sensata Technologies time series from January 22, 2018 to February 6, 2018 and February 6, 2018 to February 21, 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 Sensata Technologies price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Sensata Technologies price fluctuation can be explain by its past prices. Given that Sensata Technologies Holding N V has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Sensata Technologies for similar time interval.
|Correlation Coefficient|| -0.35|
|Spearman Rank Test|| -0.03|
|Price Variance|| 1.0|
|Lagged Price Variance|| 1.59|
Sensata Technologies Lagged Returns