Macroaxis considers Electrosteel Castings to be not very risky. Electrosteel Castings
secures Sharpe Ratio (or Efficiency) of -0.3026 which denotes Electrosteel Castings
had -0.3026% 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
. Electrosteel Castings Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Electrosteel Castings Coefficient Of Variation
of 436.00 and Mean Deviation of 1.43 to check risk estimate we provide. Macroaxis gives Electrosteel Castings performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.5443 which denotes to the fact that as returns on market increase, Electrosteel Castings returns are expected to increase less than the market. However during bear market, the loss on holding Electrosteel Castings will be expected to be smaller as well.. Even though it is essential to pay attention to Electrosteel Castings 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. Electrosteel Castings Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Electrosteel Castings has expected return of -0.5977%. Please be advised to confirm Electrosteel Castings Variance as well as the relationship between Value At Risk and Skewness to decide if Electrosteel Castings past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.50) |
Modest reverse predictability
Electrosteel Castings Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Electrosteel Castings time series from August 23, 2018 to September 7, 2018 and September 7, 2018 to September 22, 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 Electrosteel Castings price movement. The serial correlation of -0.5 indicates that about 50.0% of current Electrosteel Castings price fluctuation can be explain by its past prices. Given that Electrosteel Castings Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Electrosteel Castings for similar time interval.
|Spearman Rank Test||-0.61|