Macroaxis considers Quest Diagnostics to be not too risky. Quest Diagnostics
maintains Sharpe Ratio (i.e. Efficiency) of -0.3736 which implies Quest Diagnostics
had -0.3736% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting 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
. Quest Diagnostics exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Quest Diagnostics Coefficient Of Variation
of 391.94 and Risk Adjusted Performance of 0.27 to confirm risk estimate we provide. Macroaxis gives Quest Diagnostics performance score of 0 on a scale of 0 to 100. The organization holds Beta of 0.0088 which implies as returns on market increase, Quest Diagnostics returns are expected to increase less than the market. However during bear market, the loss on holding Quest Diagnostics will be expected to be smaller as well.. Even though it is essential to pay attention to Quest Diagnostics current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting 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. Quest Diagnostics exposes twenty-one different technical indicators which can help you to evaluate its performance. Quest Diagnostics has expected return of -0.3051%. Please be advised to check Quest Diagnostics Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Quest Diagnostics past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.45) |
Modest reverse predictability
Quest Diagnostics Incorporated has modest reverse predictability. Overlapping area represents the amount of predictability between Quest Diagnostics time series from September 15, 2018 to September 30, 2018 and September 30, 2018 to October 15, 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 Quest Diagnostics price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Quest Diagnostics price fluctuation can be explain by its past prices. Given that Quest Diagnostics Incorporated has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Quest Diagnostics for similar time interval.
|Spearman Rank Test||-0.36|