Macroaxis considers Africa Israel to be not too risky. Africa Israel Residences
secures Sharpe Ratio (or Efficiency) of -0.1237 which signifies that Africa Israel Residences
had -0.1237% 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
. Africa Israel Residences Ltd exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Africa Israel Residences Risk Adjusted Performance
of (0.16) and Mean Deviation of 0.7349 to double-check risk estimate we provide. Macroaxis gives Africa Israel performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0923 which signifies that as returns on market increase, Africa Israel returns are expected to increase less than the market. However during bear market, the loss on holding Africa Israel will be expected to be smaller as well.. Even though it is essential to pay attention to Africa Israel Residences 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. Africa Israel Residences Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Africa Israel Residences has expected return of -0.1413%. Please be advised to confirm Africa Israel Residences Jensen Alpha, Maximum Drawdown and the relationship between Information Ratio and Treynor Ratio to decide if Africa Israel Residences past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.34) |
Poor reverse predictability
Africa Israel Residences Ltd has poor reverse predictability. Overlapping area represents the amount of predictability between Africa Israel time series from October 14, 2018 to November 13, 2018 and November 13, 2018 to December 13, 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 Africa Israel Residences price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Africa Israel price fluctuation can be explain by its past prices. Given that Africa Israel Residences Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Africa Israel for similar time interval.
|Spearman Rank Test||0.02|