Macroaxis considers 500 to be relatively risky. 500 Limited
retains Efficiency (Sharpe Ratio) of -0.0712 which signifies that 500 Limited
had -0.0712% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are foreseeing 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
. 500 exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm 500 Limited Standard Deviation
of 4.93 and Coefficient Of Variation
of 1,676 to double-check risk estimate we provide. Macroaxis gives 500 performance score of 0 on a scale of 0 to 100. The corporation owns Beta (Systematic Risk) of 0.0 which signifies that the returns on MARKET and 500 are completely uncorrelated. Even though it is essential to pay attention to 500 Limited existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are foreseeing 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. 500 exposes twenty-one different technical indicators which can help you to evaluate its performance. 500 Limited has expected return of -0.3686%. Please be advised to confirm 500 Limited Jensen Alpha, Semi Variance and the relationship between Standard Deviation and Value At Risk to decide if 500 Limited past performance will be repeated sooner or later.
|15 days auto-correlation||(0.52) |
Good reverse predictability
500 Limited has good reverse predictability. Overlapping area represents the amount of predictability between 500 time series from May 25, 2018 to June 9, 2018 and June 9, 2018 to June 24, 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 500 Limited price movement. The serial correlation of -0.52 indicates that about 52.0% of current 500 price fluctuation can be explain by its past prices. Given that 500 Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of 500 for similar time interval.
|Correlation Coefficient|| -0.52|
|Spearman Rank Test|| 0.24|
|Price Variance|| 0.69|
|Lagged Price Variance|| 0.92|