We consider Chubb not too risky. Chubb Limited
secures Sharpe Ratio (or Efficiency) of 0.1074 which signifies that Chubb Limited
had 0.1074% of return per unit of risk over the last 2 months. 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. We have found twenty-one technical indicators
for Chubb Limited which you can use to evaluate future volatility of the firm. Please confirm Chubb Limited Risk Adjusted Performance
of (0.09) and Mean Deviation of 0.955 to double-check if risk estimate we provide are consistent with the epected return of 0.1156%. Chubb has performance score of 7 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.2766 which signifies that as returns on market increase, returns on owning Chubb are expected to decrease at a much smaller rate. During bear market, Chubb is likely to outperform the market.. Although it is extremely important to respect Chubb Limited historical returns, it is better to be realistic regarding the information on 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. By analyzing Chubb Limited technical indicators you can presently evaluate if the expected return of 0.1156% will be sustainable into the future. Chubb Limited right now shows a risk of 1.0765%. Please confirm Chubb Limited Jensen Alpha, Potential Upside, Skewness, as well as the relationship between Maximum Drawdown and Semi Variance to decide if Chubb Limited will be following its price patterns.
|15 days auto-correlation||(0.26) |
Weak reverse predictability
Chubb Limited has weak reverse predictability. Overlapping area represents the amount of predictability between Chubb time series from October 14, 2018 to November 13, 2018 and November 13, 2018 to December 13, 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 Chubb Limited price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Chubb price fluctuation can be explain by its past prices. Given that Chubb Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Chubb for similar time interval.
|Spearman Rank Test||-0.12|