Macroaxis considers VBI Vaccines to be risky. VBI Vaccines
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.3056 which indicates VBI Vaccines
had -0.3056% of return per unit of volatility over the last 1 month. Macroaxis approach 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
. VBI Vaccines exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate VBI Vaccines Risk Adjusted Performance
of 0.21 and Market Risk Adjusted Performance of 2.44 to confirm risk estimate we provide. Macroaxis gives VBI Vaccines performance score of 0 on a scale of 0 to 100. The corporation has beta of 0.4897 which indicates as returns on market increase, VBI Vaccines returns are expected to increase less than the market. However during bear market, the loss on holding VBI Vaccines will be expected to be smaller as well.. Even though it is essential to pay attention to VBI Vaccines current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis approach 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. VBI Vaccines exposes twenty-one different technical indicators which can help you to evaluate its performance. VBI Vaccines has expected return of -0.8335%. Please be advised to validate VBI Vaccines Coefficient Of Variation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Skewness to decide if VBI Vaccines past performance will be repeated at future time.
|15 days auto-correlation||(0.92) |
Near perfect reversele predictability
VBI Vaccines has near perfect reversele predictability. Overlapping area represents the amount of predictability between VBI Vaccines time series from June 15, 2018 to June 30, 2018 and June 30, 2018 to July 15, 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 VBI Vaccines price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current VBI Vaccines price fluctuation can be explain by its past prices. Given that VBI Vaccines has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of VBI Vaccines for similar time interval.
|Correlation Coefficient|| -0.92|
|Spearman Rank Test|| -0.93|
|Price Variance|| 0.01|
|Lagged Price Variance|| 0.05|