Macroaxis considers Antero Resources to be not very risky.
Antero Resources secures Sharpe Ratio (or Efficiency) of -0.1403 which signifies that
Antero Resources had -0.1403% 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. Antero Resources Corporation exposes twenty-one different
technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Antero Resources
Risk Adjusted Performance of
0.15 and Mean Deviation of 1.88 to double-check risk estimate we provide. Macroaxis gives Antero Resources performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.4186 which signifies that as returns on market increase, Antero Resources returns are expected to increase less than the market. However during bear market, the loss on holding Antero Resources will be expected to be smaller as well.. Even though it is essential to pay attention to Antero Resources 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. Antero Resources Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Antero Resources has expected return of -0.3476%. Please be advised to confirm Antero Resources Variance, Maximum Drawdown as well as the relationship between Maximum Drawdown and Semi Variance to decide if Antero Resources past performance will be repeated at some point in the near future. | 15 days auto-correlation | (0.04) |
Very weak reverse predictability
Antero Resources Corporation has very weak reverse predictability. Overlapping area represents the amount of predictability between Antero Resources time series from September 20, 2018 to October 5, 2018 and October 5, 2018 to October 20, 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 Antero Resources price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Antero Resources price fluctuation can be explain by its past prices. Given that Antero Resources Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Antero Resources for similar time interval.
| Correlation Coefficient | -0.04 |
| Spearman Rank Test | 0.16 |
| Residual Average | 0.0 |
| Price Variance | 0.15 |
