Macroaxis considers T to be not too risky. T
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.208 which indicates T
had -0.208% of return per unit of risk over the last 2 months. 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
. T exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate T Coefficient Of Variation
of 604.17 and Risk Adjusted Performance of 0.27 to confirm risk estimate we provide. Macroaxis gives T performance score of 0 on a scale of 0 to 100. The entity has beta of -0.0095 which indicates as returns on market increase, returns on owning T are expected to decrease at a much smaller rate. During bear market, T is likely to outperform the market.. Even though it is essential to pay attention to T 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. T exposes twenty-one different technical indicators which can help you to evaluate its performance. T has expected return of -0.2784%. Please be advised to validate T Semi Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Semi Variance to decide if T past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.57 |
T has modest predictability. Overlapping area represents the amount of predictability between T time series from February 26, 2018 to March 28, 2018 and March 28, 2018 to April 27, 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 T price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current T price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.57|
|Spearman Rank Test|| 0.22|
|Price Variance|| 0.36|
|Lagged Price Variance|| 0.61|