Macroaxis considers CJ Energy to be not very risky. CJ Energy Services
retains Efficiency (Sharpe Ratio) of -0.1472 which signifies that CJ Energy Services
had -0.1472% 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
. CJ Energy exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CJ Energy Services Standard Deviation
of 2.42, Market Risk Adjusted Performance
of 1.16 and Coefficient Of Variation of 698.91 to double-check risk estimate we provide. Macroaxis gives CJ Energy performance score of 0 on a scale of 0 to 100. The firm owns Beta (Systematic Risk) of 0.3053 which signifies that as returns on market increase, CJ Energy returns are expected to increase less than the market. However during bear market, the loss on holding CJ Energy will be expected to be smaller as well.. Even though it is essential to pay attention to CJ Energy Services 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. CJ Energy exposes twenty-one different technical indicators which can help you to evaluate its performance. CJ Energy Services has expected return of -0.3678%. Please be advised to confirm CJ Energy Services Jensen Alpha, Semi Variance and the relationship between Standard Deviation and Value At Risk to decide if CJ Energy Services past performance will be repeated sooner or later.
|15 days auto-correlation|| 0.78 |
CJ Energy Services has good predictability. Overlapping area represents the amount of predictability between CJ Energy time series from September 20, 2018 to October 5, 2018 and October 5, 2018 to October 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 CJ Energy Services price movement. The serial correlation of 0.78 indicates that around 78.0% of current CJ Energy price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.5|