Macroaxis considers Accenture plc to be not too risky. Accenture plc
secures Sharpe Ratio (or Efficiency) of -0.1782 which signifies that Accenture plc
had -0.1782% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in 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
. Accenture plc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Accenture plc Mean Deviation
of 1.26 and Risk Adjusted Performance
of 0.18 to double-check risk estimate we provide. Macroaxis gives Accenture plc performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.8346 which signifies that as returns on market increase, Accenture plc returns are expected to increase less than the market. However during bear market, the loss on holding Accenture plc will be expected to be smaller as well.. Even though it is essential to pay attention to Accenture plc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in 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. Accenture plc exposes twenty-one different technical indicators which can help you to evaluate its performance. Accenture plc has expected return of -0.3599%. Please be advised to confirm Accenture plc Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if Accenture plc past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.38 |
Below average predictability
Accenture plc has below average predictability. Overlapping area represents the amount of predictability between Accenture plc time series from September 15, 2018 to September 30, 2018 and September 30, 2018 to October 15, 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 Accenture plc price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Accenture plc price fluctuation can be explain by its past prices.
|Spearman Rank Test||-0.08|