Macroaxis considers Este Lauder to be not too risky. The Este Lauder
secures Sharpe Ratio (or Efficiency) of -0.2892 which denotes The Este Lauder
had -0.2892% 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
. The Este Lauder Companies exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm The Este Lauder Risk Adjusted Performance
of 0.29 to check risk estimate we provide. Macroaxis gives Este Lauder performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.1586 which denotes to the fact that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Este Lauder will likely underperform.. Even though it is essential to pay attention to The Este Lauder 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. The Este Lauder Companies exposes twenty-eight different technical indicators which can help you to evaluate its performance. The Este Lauder has expected return of -0.5947%. Please be advised to confirm The Este Lauder Information Ratio, Downside Variance, Day Median Price, as well as the relationship between Treynor Ratio and Kurtosis to decide if The Este Lauder past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.16 |
Very weak predictability
The Este Lauder Companies has very weak predictability. Overlapping area represents the amount of predictability between Este Lauder time series from September 23, 2018 to October 8, 2018 and October 8, 2018 to October 23, 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 The Este Lauder price movement. The serial correlation of 0.16 indicates that over 16.0% of current Este Lauder price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.29|