Advanced Micro Devices Backtested Returns
Macroaxis considers Advanced Micro to be not very volatile. Advanced Micro Devices
secures Sharpe Ratio (or Efficiency) of -0.2296 which signifies that Advanced Micro Devices
had -0.2296% 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
. Advanced Micro Devices Inc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Advanced Micro Devices Risk Adjusted Performance
of 0.22 and Mean Deviation of 1.71 to double-check risk estimate we provide. Macroaxis gives Advanced Micro performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -1.053 which signifies that . Even though it is essential to pay attention to Advanced Micro Devices 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. Advanced Micro Devices Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Advanced Micro Devices has expected return of -0.4689%. Please be advised to confirm Advanced Micro Devices Treynor Ratio as well as the relationship between Potential Upside and Expected Short fall to decide if Advanced Micro Devices past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.05 |
Virtually no predictability
Advanced Micro Devices Inc has virtually no predictability. Overlapping area represents the amount of predictability between Advanced Micro time series from February 22, 2018 to March 9, 2018 and March 9, 2018 to March 24, 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 Advanced Micro Devices price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Advanced Micro price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.05|
|Spearman Rank Test|| 0.15|
|Price Variance|| 0.09|
|Lagged Price Variance|| 0.06|
Advanced Micro Lagged Returns