Macroaxis considers Compugen Ltd to be not too risky. Compugen Ltd
secures Sharpe Ratio (or Efficiency) of -0.0557 which signifies that Compugen Ltd
had -0.0557% of return per unit of risk over the last 2 months. 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
. Compugen Ltd exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Compugen Ltd Risk Adjusted Performance
of (0.12) and Mean Deviation of 2.06 to double-check risk estimate we provide. Macroaxis gives Compugen Ltd performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.4406 which signifies that as returns on market increase, returns on owning Compugen Ltd are expected to decrease at a much smaller rate. During bear market, Compugen Ltd is likely to outperform the market.. Even though it is essential to pay attention to Compugen Ltd 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. Compugen Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Compugen Ltd has expected return of -0.1847%. Please be advised to confirm Compugen Ltd Variance, Jensen Alpha and the relationship between Standard Deviation and Information Ratio to decide if Compugen Ltd past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.41) |
Modest reverse predictability
Compugen Ltd has modest reverse predictability. Overlapping area represents the amount of predictability between Compugen Ltd 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 Compugen Ltd price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Compugen Ltd price fluctuation can be explain by its past prices. Given that Compugen Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Compugen Ltd for similar time interval.
|Spearman Rank Test||-0.32|