Macroaxis considers BP plc to be not too volatile. BP plc
retains Efficiency (Sharpe Ratio) of -0.0057 which signifies that BP plc
had -0.0057% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are 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
. BP plc exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm BP plc Standard Deviation
of 1.65, Market Risk Adjusted Performance
of 0.047495 and Coefficient Of Variation of 17,589 to double-check risk estimate we provide. Macroaxis gives BP plc performance score of 0 on a scale of 0 to 100. The firm owns Beta (Systematic Risk) of 0.3368 which signifies that as returns on market increase, BP plc returns are expected to increase less than the market. However during bear market, the loss on holding BP plc will be expected to be smaller as well.. Even though it is essential to pay attention to BP plc existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are 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. BP plc exposes twenty-one different technical indicators which can help you to evaluate its performance. BP plc has expected return of -0.0093%. Please be advised to confirm BP plc Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if BP plc past performance will be repeated sooner or later.
|15 days auto-correlation||(0.59) |
Good reverse predictability
BP plc has good reverse predictability. Overlapping area represents the amount of predictability between BP plc 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 BP plc price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current BP plc price fluctuation can be explain by its past prices. Given that BP plc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of BP plc for similar time interval.
|Correlation Coefficient|| -0.59|
|Spearman Rank Test|| -0.55|
|Price Variance|| 0.79|
|Lagged Price Variance|| 0.38|