Macroaxis considers VOXX International to be unusually risky. VOXX International
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0448 which indicates VOXX International
had -0.0448% of return per unit of risk over the last 2 months. Macroaxis approach into 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
. VOXX International Corporation exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate VOXX International Coefficient Of Variation
of 2,298 and Risk Adjusted Performance of 0.07074 to confirm risk estimate we provide. Macroaxis gives VOXX International performance score of 0 on a scale of 0 to 100. The entity has beta of 0.0446 which indicates as returns on market increase, VOXX International returns are expected to increase less than the market. However during bear market, the loss on holding VOXX International will be expected to be smaller as well.. Even though it is essential to pay attention to VOXX International current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis approach into 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. VOXX International Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. VOXX International has expected return of -0.1086%. Please be advised to validate VOXX International Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to decide if VOXX International past performance will be repeated at some future point.
|15 days auto-correlation||(0.48) |
Modest reverse predictability
VOXX International Corporation has modest reverse predictability. Overlapping area represents the amount of predictability between VOXX International time series from February 18, 2018 to March 20, 2018 and March 20, 2018 to April 19, 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 VOXX International price movement. The serial correlation of -0.48 indicates that about 48.0% of current VOXX International price fluctuation can be explain by its past prices. Given that VOXX International Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of VOXX International for similar time interval.
|Correlation Coefficient|| -0.48|
|Spearman Rank Test|| -0.07|
|Price Variance|| 0.03|
|Lagged Price Variance|| 0.03|