Macroaxis considers ATT to be not too risky. ATT
secures Sharpe Ratio (or Efficiency) of -0.091 which signifies that ATT
had -0.091% of return per unit of risk over the last 1 month. Macroaxis philosophy in foreseeing 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
. ATT exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ATT Mean Deviation
of 0.7803 and Risk Adjusted Performance
of 0.034361 to double-check risk estimate we provide. Macroaxis gives ATT performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.1352 which signifies that as returns on market increase, ATT returns are expected to increase less than the market. However during bear market, the loss on holding ATT will be expected to be smaller as well.. Even though it is essential to pay attention to ATT historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing 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. ATT exposes twenty-eight different technical indicators which can help you to evaluate its performance. ATT has expected return of -0.0916%. Please be advised to confirm ATT Sortino Ratio, Semi Variance as well as the relationship between Semi Variance and Rate Of Daily Change to decide if ATT past performance will be repeated at future time.
|15 days auto-correlation||(0.20) |
Insignificant reverse predictability
ATT has insignificant reverse predictability. Overlapping area represents the amount of predictability between ATT time series from June 19, 2018 to July 4, 2018 and July 4, 2018 to July 19, 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 ATT price movement. The serial correlation of -0.2 indicates that over 20.0% of current ATT price fluctuation can be explain by its past prices. Given that ATT has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ATT for similar time interval.
|Correlation Coefficient|| -0.2|
|Spearman Rank Test|| -0.33|
|Price Variance|| 0.14|
|Lagged Price Variance|| 0.12|