Macroaxis considers DexCom not too risky given 2 months investment horizon.
DexCom secures Sharpe Ratio (or Efficiency) of 0.1624 which denotes the organization had 0.1624% 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
DexCom technical indicators you can presently evaluate if the expected return of 0.5547% is justified by implied risk. Please utilize DexCom
Downside Deviation of 4.23,
Mean Deviation of 2.56 and
Coefficient Of Variation of 1317.93 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 DexCom holds performance score of 10. The firm shows Beta (market volatility) of 1.0183 which denotes to the fact that DexCom returns are very sensitive to returns on the market. as market goes up or down, DexCom is expected to follow. Although it is vital to follow to
DexCom 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 DexCom which you can use to evaluate performance of the firm. Please utilizes DexCom
Jensen Alpha,
Potential Upside as well as the
relationship between Potential Upside and
Skewness to make a quick decision on weather DexCom
price patterns will revert.
Modest reverse predictability
DexCom has modest reverse predictability. Overlapping area represents the amount of predictability between DexCom time series from November 18, 2018 to December 18, 2018 and December 18, 2018 to January 17, 2019. 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 -0.5 indicates that about 50.0% 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.