Macroaxis considers Arrow Electronics to be not too risky. Arrow Electronics
secures Sharpe Ratio (or Efficiency) of -0.0813 which signifies that Arrow Electronics
had -0.0813% 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
. Arrow Electronics exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Arrow Electronics Risk Adjusted Performance
of 0.06 and Mean Deviation of 0.8651 to double-check risk estimate we provide. Macroaxis gives Arrow Electronics performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.073 which signifies that as returns on market increase, returns on owning Arrow Electronics are expected to decrease at a much smaller rate. During bear market, Arrow Electronics is likely to outperform the market.. Even though it is essential to pay attention to Arrow Electronics 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. Arrow Electronics exposes twenty-one different technical indicators which can help you to evaluate its performance. Arrow Electronics has expected return of -0.0891%. Please be advised to confirm Arrow Electronics Standard Deviation, Value At Risk as well as the relationship between Value At Risk and Kurtosis to decide if Arrow Electronics past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.53) |
Good reverse predictability
Arrow Electronics has good reverse predictability. Overlapping area represents the amount of predictability between Arrow Electronics time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 17, 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 Arrow Electronics price movement. The serial correlation of -0.53 indicates that about 53.0% of current Arrow Electronics price fluctuation can be explain by its past prices. Given that Arrow Electronics has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Arrow Electronics for similar time interval.
|Correlation Coefficient|| -0.53|
|Spearman Rank Test|| -0.34|
|Price Variance|| 0.8|
|Lagged Price Variance|| 1.87|