Macroaxis considers Avon Products to be unusually risky. Avon Products
secures Sharpe Ratio (or Efficiency) of -0.145 which signifies that Avon Products
had -0.145% 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
. Avon Products exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Avon Products Risk Adjusted Performance
of 0.06 and Mean Deviation of 1.6 to double-check risk estimate we provide. Macroaxis gives Avon Products performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -7.0E-4 which signifies that as returns on market increase, returns on owning Avon Products are expected to decrease at a much smaller rate. During bear market, Avon Products is likely to outperform the market.. Even though it is essential to pay attention to Avon Products 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. Avon Products exposes twenty-eight different technical indicators which can help you to evaluate its performance. Avon Products has expected return of -0.2807%. Please be advised to confirm Avon Products Semi Variance, and the relationship between Treynor Ratio and Daily Balance Of Power to decide if Avon Products past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.50) |
Modest reverse predictability
Avon Products has modest reverse predictability. Overlapping area represents the amount of predictability between Avon Products time series from June 20, 2018 to July 5, 2018 and July 5, 2018 to July 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 Avon Products price movement. The serial correlation of -0.5 indicates that about 50.0% of current Avon Products price fluctuation can be explain by its past prices. Given that Avon Products has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Avon Products for similar time interval.
|Correlation Coefficient|| -0.5|
|Spearman Rank Test|| -0.24|
|Average Price|| 1.5|
|Lagged Average Price|| 1.61|