Macroaxis considers Cochin Shipyard to be not too risky. Cochin Shipyard Limited
secures Sharpe Ratio (or Efficiency) of -0.3159 which signifies that Cochin Shipyard Limited
had -0.3159% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in 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
. Cochin Shipyard Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Cochin Shipyard Limited Mean Deviation
of 0.4084 and Risk Adjusted Performance
of 0.11 to double-check risk estimate we provide. Macroaxis gives Cochin Shipyard performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.0829 which signifies that as returns on market increase, returns on owning Cochin Shipyard are expected to decrease at a much smaller rate. During bear market, Cochin Shipyard is likely to outperform the market.. Even though it is essential to pay attention to Cochin Shipyard Limited historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in 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. Cochin Shipyard Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Cochin Shipyard Limited has expected return of -0.1764%. Please be advised to confirm Cochin Shipyard Limited Jensen Alpha, and the relationship between Coefficient Of Variation and Potential Upside to decide if Cochin Shipyard Limited past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.37 |
Below average predictability
Cochin Shipyard Limited has below average predictability. Overlapping area represents the amount of predictability between Cochin Shipyard time series from August 19, 2018 to September 3, 2018 and September 3, 2018 to September 18, 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 Cochin Shipyard Limited price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Cochin Shipyard price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.35|