Macroaxis considers Direct Capital not too risky given 2 months investment horizon. Direct Capital Inves
secures Sharpe Ratio (or Efficiency) of 0.199 which denotes Direct Capital Inves
had 0.199% of return per unit of risk over the last 2 months. Our philosophy towards predicting volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. By reviewing Direct Capital Inves technical indicators
you can presently evaluate if the expected return of 0.8069% is justified by implied risk. Please utilize Direct Capital Inves Coefficient Of Variation
of (8,840) and Mean Deviation of 1.91 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Direct Capital holds performance score of 13. The firm shows Beta (market volatility) of -0.1533 which denotes to the fact that as returns on market increase, returns on owning Direct Capital are expected to decrease at a much smaller rate. During bear market, Direct Capital is likely to outperform the market.. Although it is vital to follow to Direct Capital Inves historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards predicting 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. We have found twenty-one technical indicators for Direct Capital Investments Ltd which you can use to evaluate performance of the firm. Please utilizes Direct Capital Inves Value At Risk, Expected Short fall and the relationship between Treynor Ratio and Downside Variance to make a quick decision on weather Direct Capital price patterns will revert.
|15 days auto-correlation|| 0.60 |
Direct Capital Investments Ltd has good predictability. Overlapping area represents the amount of predictability between Direct Capital time series from October 13, 2018 to November 12, 2018 and November 12, 2018 to December 12, 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 Direct Capital Inves price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Direct Capital price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.22|