Macroaxis considers Sensata Technologies to be not too risky. Sensata Technologies
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0765 which indicates Sensata Technologies
had -0.0765% 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 PLC exposes twenty-one 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 1,184 and Risk Adjusted Performance of 0.01 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 0.0 which indicates the returns on MARKET and Sensata Technologies are completely uncorrelated. 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 PLC exposes twenty-one different technical indicators which can help you to evaluate its performance. Sensata Technologies has expected return of -0.0979%. Please be advised to validate Sensata Technologies Variance and Potential Upside to decide if Sensata Technologies past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.78) |
Almost perfect reverse predictability
Sensata Technologies Holding PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sensata Technologies time series from May 24, 2018 to June 8, 2018 and June 8, 2018 to June 23, 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 -0.78 indicates that around 78.0% of current Sensata Technologies price fluctuation can be explain by its past prices. Given that Sensata Technologies Holding PLC 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|| -0.78|
|Spearman Rank Test|| -0.78|
|Price Variance|| 0.93|
|Lagged Price Variance|| 1.07|