Macroaxis considers Avon Products to be extremely risky. Avon Products
secures Sharpe Ratio (or Efficiency) of -0.1733 which signifies that Avon Products
had -0.1733% 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-one 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 0.18 and Mean Deviation of 3.45 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 1.3766 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Avon Products will likely underperform.. 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-one different technical indicators which can help you to evaluate its performance. Avon Products has expected return of -0.7565%. Please be advised to confirm Avon Products Coefficient Of Variation, Treynor Ratio as well as the relationship between Treynor Ratio and Semi Variance to decide if Avon Products past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.40) |
Poor reverse predictability
Avon Products has poor reverse predictability. Overlapping area represents the amount of predictability between Avon Products 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 Avon Products price movement. The serial correlation of -0.4 indicates that just about 40.0% 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.
|Spearman Rank Test||-0.4|