Macroaxis considers Biglari Holdings to be not too risky. Biglari Holdings
secures Sharpe Ratio (or Efficiency) of -0.4221 which signifies that Biglari Holdings
had -0.4221% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in 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
. Biglari Holdings exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Biglari Holdings Mean Deviation
of 1.26 and Risk Adjusted Performance
of 0.34 to double-check risk estimate we provide. Macroaxis gives Biglari Holdings performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.2522 which signifies that as returns on market increase, returns on owning Biglari Holdings are expected to decrease at a much smaller rate. During bear market, Biglari Holdings is likely to outperform the market.. Even though it is essential to pay attention to Biglari Holdings historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in 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. Biglari Holdings exposes twenty-one different technical indicators which can help you to evaluate its performance. Biglari Holdings has expected return of -0.6587%. Please be advised to confirm Biglari Holdings Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Information Ratio and Downside Variance to decide if Biglari Holdings past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.81 |
Very good predictability
Biglari Holdings has very good predictability. Overlapping area represents the amount of predictability between Biglari Holdings time series from September 18, 2018 to October 3, 2018 and October 3, 2018 to October 18, 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 Biglari Holdings price movement. The serial correlation of 0.81 indicates that around 81.0% of current Biglari Holdings price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.86|