Macroaxis considers Visa to be not too risky. Visa
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0777 which indicates Visa
had -0.0777% 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 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 1,475 and Risk Adjusted Performance of 0.08 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 1.4271 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Visa will likely underperform.. Even though it is essential to pay attention to Visa 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 exposes twenty-one different technical indicators which can help you to evaluate its performance. Visa has expected return of -0.1782%. Please be advised to validate Visa Value At Risk as well as the relationship between Semi Variance and Kurtosis to decide if Visa past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.03) |
Very weak reverse predictability
Visa has very weak reverse predictability. Overlapping area represents the amount of predictability between Visa time series from October 21, 2018 to November 5, 2018 and November 5, 2018 to November 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 Visa price movement. The serial correlation of -0.03 indicates that only 3.0% of current Visa price fluctuation can be explain by its past prices. Given that Visa has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Visa for similar time interval.
|Spearman Rank Test||0.74|