UTStarcom Holdings Corp Backtested Returns
Macroaxis considers UTStarcom Holdings to be unusually risky. UTStarcom Holdings Corp
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0396 which indicates UTStarcom Holdings Corp
had -0.0396% of return per unit of standard deviation 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
. UTStarcom Holdings Corp exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate UTStarcom Holdings Risk Adjusted Performance
of (0.023424) and Coefficient Of Variation of (1,386) to confirm risk estimate we provide. Macroaxis gives UTStarcom Holdings performance score of 0 on a scale of 0 to 100. The entity has beta of 1.9689 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, UTStarcom Holdings will likely underperform.. Even though it is essential to pay attention to UTStarcom Holdings Corp 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. UTStarcom Holdings Corp exposes twenty-one different technical indicators which can help you to evaluate its performance. UTStarcom Holdings Corp has expected return of -0.1005%. Please be advised to validate UTStarcom Holdings Jensen Alpha and Downside Variance to decide if UTStarcom Holdings Corp past performance will be repeated at some future point.
|15 days auto-correlation|| 0.06 |
Virtually no predictability
UTStarcom Holdings Corp has virtually no predictability. Overlapping area represents the amount of predictability between UTStarcom Holdings time series from December 21, 2017 to January 5, 2018 and January 5, 2018 to January 20, 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 UTStarcom Holdings Corp price movement. The serial correlation of 0.06 indicates that barely 6.0% of current UTStarcom Holdings price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.06|
|Spearman Rank Test|| -0.02|
|Price Variance|| 0.02|
|Lagged Price Variance|| 0.04|
UTStarcom Holdings Lagged Returns