Macroaxis considers Zillow to be not too volatile. Zillow Group
shows Sharpe Ratio of -0.1564 which attests that Zillow Group
had -0.1564% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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
. Zillow Group exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Zillow Group Market Risk Adjusted Performance
of 0.38 and Mean Deviation of 1.4 to validate risk estimate we provide. Macroaxis gives Zillow performance score of 0 on a scale of 0 to 100. The firm maintains market beta of 0.8414 which attests that as returns on market increase, Zillow returns are expected to increase less than the market. However during bear market, the loss on holding Zillow will be expected to be smaller as well.. Even though it is essential to pay attention to Zillow Group historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining 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. Zillow Group exposes twenty-one different technical indicators which can help you to evaluate its performance. Zillow Group has expected return of -0.2991%. Please be advised to check out Zillow Group Treynor Ratio as well as the relationship between Potential Upside and Expected Short fall to decide if Zillow Group past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.05) |
Very weak reverse predictability
Zillow Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Zillow time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 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 Zillow Group price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Zillow price fluctuation can be explain by its past prices. Given that Zillow Group has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Zillow for similar time interval.
|Spearman Rank Test||0.47|