Macroaxis considers eHi Car to be moderately volatile. eHi Car Services
shows Sharpe Ratio of -0.0975 which attests that eHi Car Services
had -0.0975% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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
. eHi Car Services exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out eHi Car Services Market Risk Adjusted Performance
of 0.63 and Mean Deviation of 2.24 to validate risk estimate we provide. Macroaxis gives eHi Car performance score of 0 on a scale of 0 to 100. The firm maintains market beta of 0.6579 which attests that as returns on market increase, eHi Car returns are expected to increase less than the market. However during bear market, the loss on holding eHi Car will be expected to be smaller as well.. Even though it is essential to pay attention to eHi Car Services historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining 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. eHi Car Services exposes twenty-one different technical indicators which can help you to evaluate its performance. eHi Car Services has expected return of -0.3218%. Please be advised to check out eHi Car Services Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to decide if eHi Car Services past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.56) |
Good reverse predictability
eHi Car Services Limited has good reverse predictability. Overlapping area represents the amount of predictability between eHi Car time series from August 25, 2018 to September 9, 2018 and September 9, 2018 to September 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 eHi Car Services price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current eHi Car price fluctuation can be explain by its past prices. Given that eHi Car Services Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of eHi Car for similar time interval.
|Spearman Rank Test||-0.65|