Visa Inc Backtested Returns
Macroaxis considers Visa to be not too risky. Visa Inc
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.068 which indicates Visa Inc
had -0.068% 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
. Visa Inc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Visa Coefficient Of Variation
of 1,434 and Risk Adjusted Performance of 0.12 to confirm risk estimate we provide. Macroaxis gives Visa performance score of 0 on a scale of 0 to 100. The entity has beta of 1.0983 which indicates Visa returns are very sensitive to returns on the market. as market goes up or down, Visa is expected to follow.. Even though it is essential to pay attention to Visa Inc 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. Visa Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Visa Inc has expected return of -0.1357%. Please be advised to validate Visa Value At Risk as well as the relationship between Semi Variance and Kurtosis to decide if Visa Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.31) |
Poor reverse predictability
Visa Inc has poor reverse predictability. Overlapping area represents the amount of predictability between Visa time series from January 23, 2018 to February 7, 2018 and February 7, 2018 to February 22, 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 Visa Inc price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Visa price fluctuation can be explain by its past prices. Given that Visa Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Visa for similar time interval.
|Correlation Coefficient|| -0.31|
|Spearman Rank Test|| -0.74|
|Price Variance|| 6.12|
|Lagged Price Variance|| 8.32|
Visa Lagged Returns