Macroaxis considers Consolidated Construction to be exceptionally risky. Consolidated Construction
secures Sharpe Ratio (or Efficiency) of -0.2037 which signifies that Consolidated Construction
had -0.2037% 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
. Consolidated Construction Consortium Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Consolidated Construction Risk Adjusted Performance
of 0.06 and Mean Deviation of 3.22 to double-check risk estimate we provide. Macroaxis gives Consolidated Construction performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 4.0331 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Consolidated Construction will likely underperform.. Even though it is essential to pay attention to Consolidated Construction 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. Consolidated Construction Consortium Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Consolidated Construction has expected return of -1.1264%. Please be advised to confirm Consolidated Construction Standard Deviation, Information Ratio, Treynor Ratio, as well as the relationship between Variance and Jensen Alpha to decide if Consolidated Construction past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.63 |
Consolidated Construction Consortium Limited has good predictability. Overlapping area represents the amount of predictability between Consolidated Construction 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 Consolidated Construction price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Consolidated Construction price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.37|