Macroaxis considers UTStarcom Holdings to be relatively risky. UTStarcom Holdings Corp
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1799 which indicates UTStarcom Holdings Corp
had -0.1799% 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 0.16 and Coefficient Of Variation of 332.01 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 -0.1382 which indicates as returns on market increase, returns on owning UTStarcom Holdings are expected to decrease at a much smaller rate. During bear market, UTStarcom Holdings is likely to outperform the market.. 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 -0.2686%. 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||(0.16) |
Insignificant reverse predictability
UTStarcom Holdings Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between UTStarcom Holdings time series from June 16, 2018 to July 1, 2018 and July 1, 2018 to July 16, 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 -0.16 indicates that over 16.0% of current UTStarcom Holdings price fluctuation can be explain by its past prices. Given that UTStarcom Holdings Corp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of UTStarcom Holdings for similar time interval.
|Correlation Coefficient|| -0.16|
|Spearman Rank Test|| -0.49|
|Average Price|| 4.01|
|Lagged Average Price|| 4.1|