Vericel Backtested Returns
Macroaxis considers Vericel to be unusually risky. Vericel
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.025 which indicates Vericel
had -0.025% 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
. Vericel Corporation exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Vericel Coefficient Of Variation
of (3,911) and Risk Adjusted Performance of 0.0037 to confirm risk estimate we provide. Macroaxis gives Vericel performance score of 0 on a scale of 0 to 100. The entity has beta of -1.0943 which indicates . Even though it is essential to pay attention to Vericel 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. Vericel Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Vericel has expected return of -0.12%. Please be advised to validate Vericel Jensen Alpha, Potential Upside as well as the relationship between Potential Upside and Skewness to decide if Vericel past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.53) |
Good reverse predictability
Vericel Corporation has good reverse predictability. Overlapping area represents the amount of predictability between Vericel time series from September 18, 2017 to October 3, 2017 and October 3, 2017 to October 18, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Vericel price movement. The serial correlation of -0.53 indicates that about 53.0% of current Vericel price fluctuation can be explain by its past prices. Given that Vericel Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Vericel for similar time interval.
|Correlation Coefficient|| -0.53|
|Spearman Rank Test|| -0.61|
|Price Variance|| 0.22|
|Lagged Price Variance|| 0.21|
Vericel Lagged Returns