Macroaxis considers Vascular Biogenics to be relatively volatile. Vascular Biogenics
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.5082 which indicates Vascular Biogenics
had -0.5082% 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
. Vascular Biogenics Ltd exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Vascular Biogenics Coefficient Of Variation
of 202.43 and Risk Adjusted Performance of 0.01 to confirm risk estimate we provide. Macroaxis gives Vascular Biogenics performance score of 0 on a scale of 0 to 100. The entity has beta of 0.0 which indicates the returns on MARKET and Vascular Biogenics are completely uncorrelated. Even though it is essential to pay attention to Vascular Biogenics 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. Vascular Biogenics Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Vascular Biogenics has expected return of -1.1186%. Please be advised to validate Vascular Biogenics Jensen Alpha and Semi Variance to decide if Vascular Biogenics past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.85 |
Very good predictability
Vascular Biogenics Ltd has very good predictability. Overlapping area represents the amount of predictability between Vascular Biogenics time series from July 21, 2018 to August 5, 2018 and August 5, 2018 to August 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 Vascular Biogenics price movement. The serial correlation of 0.85 indicates that around 85.0% of current Vascular Biogenics price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.85|
|Spearman Rank Test|| 0.67|
|Lagged Price Variance|| 0.01|
|Average Price|| 1.71|