Macroaxis considers Apple to be not too risky. Apple
secures Sharpe Ratio (or Efficiency) of -0.0514 which signifies that Apple
had -0.0514% of return per unit of risk over the last 2 months. Macroaxis philosophy towards 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
. Apple exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Apple Risk Adjusted Performance
of 0.081892 and Mean Deviation of 1.21 to double-check risk estimate we provide. Macroaxis gives Apple performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.0126 which signifies that as returns on market increase, returns on owning Apple are expected to decrease at a much smaller rate. During bear market, Apple is likely to outperform the market.. Even though it is essential to pay attention to Apple historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards 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. Apple exposes twenty-eight different technical indicators which can help you to evaluate its performance. Apple has expected return of -0.0838%. Please be advised to confirm Apple Sortino Ratio, Skewness, Price Action Indicator, as well as the relationship between Potential Upside and Rate Of Daily Change to decide if Apple past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.50 |
Apple has modest predictability. Overlapping area represents the amount of predictability between Apple time series from February 22, 2018 to March 24, 2018 and March 24, 2018 to April 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 Apple price movement. The serial correlation of 0.5 indicates that about 50.0% of current Apple price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.5|
|Spearman Rank Test|| -0.05|
|Price Variance|| 15.14|
|Lagged Price Variance|| 8.77|