Macroaxis considers Arrow Electronics to be not too risky. Arrow Electronics
secures Sharpe Ratio (or Efficiency) of -0.0516 which signifies that Arrow Electronics
had -0.0516% 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
. Arrow Electronics exposes twenty-eight 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 0.066192 and Mean Deviation of 1.35 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 0.1464 which signifies that as returns on market increase, Arrow Electronics returns are expected to increase less than the market. However during bear market, the loss on holding Arrow Electronics will be expected to be smaller as well.. 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-eight different technical indicators which can help you to evaluate its performance. Arrow Electronics has expected return of -0.0953%. Please be advised to confirm Arrow Electronics Value At Risk as well as the relationship between Kurtosis and Market Facilitation Index to decide if Arrow Electronics past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.11 |
Arrow Electronics has insignificant predictability. Overlapping area represents the amount of predictability between Arrow Electronics time series from February 19, 2018 to March 21, 2018 and March 21, 2018 to April 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 Arrow Electronics price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Arrow Electronics price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.11|
|Spearman Rank Test|| -0.02|
|Price Variance|| 2.69|
|Lagged Price Variance|| 1.32|