Macroaxis considers Aditya Birla to be not too risky. Aditya Birla Fashion
secures Sharpe Ratio (or Efficiency) of -0.3861 which signifies that Aditya Birla Fashion
had -0.3861% of return per unit of risk over the last 1 month. 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
. Aditya Birla Fashion and Retail Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Aditya Birla Fashion Risk Adjusted Performance
of 0.00963 and Mean Deviation of 1.78 to double-check risk estimate we provide. Macroaxis gives Aditya Birla performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -1.8833 which signifies that as returns on market increase, returns on owning Aditya Birla are expected to decrease by larger amounts. On the other hand, during market turmoil, Aditya Birla is expected to significantly outperform it.. Even though it is essential to pay attention to Aditya Birla Fashion 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. Aditya Birla Fashion and Retail Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Aditya Birla Fashion has expected return of -0.7531%. Please be advised to confirm Aditya Birla Fashion Information Ratio as well as the relationship between Potential Upside and Kurtosis to decide if Aditya Birla Fashion past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.03) |
Very weak reverse predictability
Aditya Birla Fashion and Retail Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Aditya Birla time series from August 27, 2018 to September 11, 2018 and September 11, 2018 to September 26, 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 Aditya Birla Fashion price movement. The serial correlation of -0.03 indicates that only 3.0% of current Aditya Birla price fluctuation can be explain by its past prices. Given that Aditya Birla Fashion and Retail Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Aditya Birla for similar time interval.
|Spearman Rank Test||0.05|