Macroaxis considers Asian Paints to be not too risky. Asian Paints Limited
secures Sharpe Ratio (or Efficiency) of -0.2404 which signifies that Asian Paints Limited
had -0.2404% 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
. Asian Paints Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Asian Paints Limited Risk Adjusted Performance
of 0.10 and Mean Deviation of 0.9517 to double-check risk estimate we provide. Macroaxis gives Asian Paints performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.9422 which signifies that Asian Paints returns are very sensitive to returns on the market. as market goes up or down, Asian Paints is expected to follow.. Even though it is essential to pay attention to Asian Paints Limited 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. Asian Paints Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Asian Paints Limited has expected return of -0.3265%. Please be advised to confirm Asian Paints Limited Variance as well as the relationship between Maximum Drawdown and Semi Variance to decide if Asian Paints Limited past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.29 |
Asian Paints Limited has poor predictability. Overlapping area represents the amount of predictability between Asian Paints time series from August 24, 2018 to September 8, 2018 and September 8, 2018 to September 23, 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 Asian Paints Limited price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Asian Paints price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.03|