Macroaxis considers ANTOFAGASTA to be relatively risky. ANTOFAGASTA
secures Sharpe Ratio (or Efficiency) of -0.0346 which signifies that the organization had -0.0346% of return per unit of risk over the last 3 months. 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
. ANTOFAGASTA exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ANTOFAGASTA Mean Deviation
of 1.35 and Risk Adjusted Performance
of 0.0168 to double-check risk estimate we provide. The firm shows Beta (market volatility) of -0.227 which signifies that as returns on market increase, returns on owning ANTOFAGASTA are expected to decrease at a much smaller rate. During bear market, ANTOFAGASTA is likely to outperform the market. Even though it is essential to pay attention to ANTOFAGASTA
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
. ANTOFAGASTA exposes twenty-one different technical indicators which can help you to evaluate its performance. ANTOFAGASTA
has expected return of -0.0892%. Please be advised to confirm ANTOFAGASTA Treynor Ratio
as well as the relationship
between Potential Upside
and Expected Short fall
to decide if ANTOFAGASTA
past performance will be repeated at future time.
ANTOFAGASTA has average predictability. Overlapping area represents the amount of predictability between ANTOFAGASTA time series from July 25, 2019 to September 8, 2019 and September 8, 2019 to October 23, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ANTOFAGASTA price movement. The serial correlation of 0.48 indicates that about 48.0% of current ANTOFAGASTA price fluctuation can be explain by its past prices.