Veritiv Backtested Returns
Macroaxis considers Veritiv to be not too volatile. Veritiv
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1746 which indicates Veritiv
had -0.1746% 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
. Veritiv Corporation exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Veritiv Coefficient Of Variation
of 550.12 and Risk Adjusted Performance of 0.31 to confirm risk estimate we provide. Macroaxis gives Veritiv performance score of 0 on a scale of 0 to 100. The entity has beta of 0.716 which indicates as returns on market increase, Veritiv returns are expected to increase less than the market. However during bear market, the loss on holding Veritiv will be expected to be smaller as well.. Even though it is essential to pay attention to Veritiv 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. Veritiv Corporation exposes twenty-eight different technical indicators which can help you to evaluate its performance. Veritiv has expected return of -0.5272%. Please be advised to validate Veritiv Value At Risk, Kurtosis, Market Facilitation Index, as well as the relationship between Semi Variance and Rate Of Daily Change to decide if Veritiv past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.52) |
Good reverse predictability
Veritiv Corporation has good reverse predictability. Overlapping area represents the amount of predictability between Veritiv time series from January 23, 2018 to February 7, 2018 and February 7, 2018 to February 22, 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 Veritiv price movement. The serial correlation of -0.52 indicates that about 52.0% of current Veritiv price fluctuation can be explain by its past prices. Given that Veritiv Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Veritiv for similar time interval.
|Correlation Coefficient|| -0.52|
|Spearman Rank Test|| -0.06|
|Price Variance|| 0.64|
|Lagged Price Variance|| 2.24|
Veritiv Lagged Returns