Macroaxis considers Quest Diagnostics to be not too risky. Quest Diagnostics In
maintains Sharpe Ratio (i.e. Efficiency) of -0.047 which implies Quest Diagnostics In
had -0.047% of return per unit of risk over the last 2 months. 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 In 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 In Coefficient Of Variation
of 3,115 and Risk Adjusted Performance of 0.055862 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 0.0629 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 In 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 In exposes twenty-one different technical indicators which can help you to evaluate its performance. Quest Diagnostics In has expected return of -0.0594%. Please be advised to check Quest Diagnostics In Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Quest Diagnostics In past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.09 |
Virtually no predictability
Quest Diagnostics Incorporated has virtually no predictability. Overlapping area represents the amount of predictability between Quest Diagnostics time series from February 23, 2018 to March 25, 2018 and March 25, 2018 to April 24, 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 In price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Quest Diagnostics price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.09|
|Spearman Rank Test|| 0.15|
|Price Variance|| 1.2|
|Lagged Price Variance|| 2.74|