Macroaxis considers Castex Technologies abnormally risky given 1 month investment horizon. Castex Technologies
secures Sharpe Ratio (or Efficiency) of 0.1689 which signifies that Castex Technologies
had 0.1689% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. By analyzing Castex Technologies technical indicators
you can presently evaluate if the expected return of 0.7879% is justified by implied risk. Please makes use of Castex Technologies Risk Adjusted Performance
of 0.07 and Mean Deviation of 4.76 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Castex Technologies holds performance score of 11. The firm shows Beta (market volatility) of -0.8102 which signifies that as returns on market increase, returns on owning Castex Technologies are expected to decrease at a much smaller rate. During bear market, Castex Technologies is likely to outperform the market.. Although it is vital to follow to Castex Technologies historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-one technical indicators for Castex Technologies Limited which you can use to evaluate performance of the firm. Please makes use of Castex Technologies Variance, Maximum Drawdown as well as the relationship between Maximum Drawdown and Semi Variance to make a quick decision on weather Castex Technologies price patterns will revert.
|15 days auto-correlation||(0.88) |
Excellent reverse predictability
Castex Technologies Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Castex Technologies time series from August 26, 2018 to September 10, 2018 and September 10, 2018 to September 25, 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 Castex Technologies price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Castex Technologies price fluctuation can be explain by its past prices. Given that Castex Technologies Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Castex Technologies for similar time interval.
|Spearman Rank Test||-0.75|