Macroaxis considers AECOM to be not too risky. AECOM
retains Efficiency (Sharpe Ratio) of -0.044 which signifies that AECOM
had -0.044% of return per unit of risk over the last 1 month. Macroaxis approach to 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
. AECOM exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm AECOM Coefficient Of Variation
of 747.82 and Market Risk Adjusted Performance of 0.9464 to double-check risk estimate we provide. Macroaxis gives AECOM performance score of 0 on a scale of 0 to 100. The firm owns Beta (Systematic Risk) of -0.1428 which signifies that as returns on market increase, returns on owning AECOM are expected to decrease at a much smaller rate. During bear market, AECOM is likely to outperform the market.. Even though it is essential to pay attention to AECOM existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis approach to 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. AECOM exposes twenty-eight different technical indicators which can help you to evaluate its performance. AECOM has expected return of -0.0407%. Please be advised to confirm AECOM Sortino Ratio, Semi Variance and the relationship between Information Ratio and Value At Risk to decide if AECOM past performance will be repeated at some future date.
|15 days auto-correlation||(0.55) |
Good reverse predictability
AECOM has good reverse predictability. Overlapping area represents the amount of predictability between AECOM time series from August 20, 2018 to September 4, 2018 and September 4, 2018 to September 19, 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 AECOM price movement. The serial correlation of -0.55 indicates that about 55.0% of current AECOM price fluctuation can be explain by its past prices. Given that AECOM has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of AECOM for similar time interval.
|Spearman Rank Test||0.0|