Macroaxis considers DexCom to be not too risky. DexCom
secures Sharpe Ratio (or Efficiency) of -0.1482 which denotes DexCom
had -0.1482% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting 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
. DexCom exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DexCom Coefficient Of Variation
of 660.25 and Mean Deviation of 2.04 to check risk estimate we provide. Macroaxis gives DexCom performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.3664 which denotes to the fact that as returns on market increase, DexCom returns are expected to increase less than the market. However during bear market, the loss on holding DexCom will be expected to be smaller as well.. Even though it is essential to pay attention to DexCom historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting 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. DexCom exposes twenty-one different technical indicators which can help you to evaluate its performance. DexCom has expected return of -0.3882%. Please be advised to confirm DexCom Jensen Alpha, Potential Upside as well as the relationship between Potential Upside and Skewness to decide if DexCom past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.35) |
Poor reverse predictability
DexCom has poor reverse predictability. Overlapping area represents the amount of predictability between DexCom time series from September 17, 2018 to October 2, 2018 and October 2, 2018 to October 17, 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 DexCom price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current DexCom price fluctuation can be explain by its past prices. Given that DexCom has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of DexCom for similar time interval.
|Spearman Rank Test||-0.21|