Macroaxis considers United Parcel to be not too risky. United Parcel Service
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.3183 which indicates United Parcel Service
had -0.3183% 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
. United Parcel Service exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate United Parcel Coefficient Of Variation
of 476.66 and Risk Adjusted Performance of 0.09 to confirm risk estimate we provide. Macroaxis gives United Parcel performance score of 0 on a scale of 0 to 100. The entity has beta of 0.1649 which indicates as returns on market increase, United Parcel returns are expected to increase less than the market. However during bear market, the loss on holding United Parcel will be expected to be smaller as well.. Even though it is essential to pay attention to United Parcel Service 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. United Parcel Service exposes twenty-one different technical indicators which can help you to evaluate its performance. United Parcel Service has expected return of -0.2965%. Please be advised to validate United Parcel Coefficient Of Variation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Skewness to decide if United Parcel Service past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.29) |
Weak reverse predictability
United Parcel Service has weak reverse predictability. Overlapping area represents the amount of predictability between United Parcel time series from August 27, 2018 to September 11, 2018 and September 11, 2018 to September 26, 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 United Parcel Service price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current United Parcel price fluctuation can be explain by its past prices. Given that United Parcel Service has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of United Parcel for similar time interval.
|Spearman Rank Test||-0.08|