Verint Systems Inc Backtested Returns
Macroaxis considers Verint Systems to be not too risky. Verint Systems Inc
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0148 which indicates Verint Systems Inc
had -0.0148% 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
. Verint Systems Inc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Verint Systems Coefficient Of Variation
of 6,743 and Risk Adjusted Performance of 0.013612 to confirm risk estimate we provide. Macroaxis gives Verint Systems performance score of 0 on a scale of 0 to 100. The entity has beta of -0.2666 which indicates as returns on market increase, returns on owning Verint Systems are expected to decrease at a much smaller rate. During bear market, Verint Systems is likely to outperform the market.. Even though it is essential to pay attention to Verint Systems Inc 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. Verint Systems Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Verint Systems Inc has expected return of -0.0171%. Please be advised to validate Verint Systems Jensen Alpha and Semi Variance to decide if Verint Systems Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.15) |
Insignificant reverse predictability
Verint Systems Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Verint Systems time series from February 21, 2018 to March 8, 2018 and March 8, 2018 to March 23, 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 Verint Systems Inc price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Verint Systems price fluctuation can be explain by its past prices. Given that Verint Systems Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Verint Systems for similar time interval.
|Correlation Coefficient|| -0.15|
|Spearman Rank Test|| -0.05|
|Price Variance|| 0.67|
|Lagged Price Variance|| 0.28|
Verint Systems Lagged Returns