Macroaxis considers El Mor to be not too risky. El Mor Electric
retains Efficiency (Sharpe Ratio) of -0.1304 which denotes El Mor Electric
had -0.1304% of return per unit of price deviation over the last 2 months. Macroaxis way of 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
. El Mor exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm El Mor Electric Installation Services Ltd Standard Deviation
of 1.43 and Market Risk Adjusted Performance
of (4.86) to check risk estimate we provide. Macroaxis gives El Mor performance score of 0 on a scale of 0 to 100. The firm owns Beta (Systematic Risk) of 0.0392 which denotes to the fact that as returns on market increase, El Mor returns are expected to increase less than the market. However during bear market, the loss on holding El Mor will be expected to be smaller as well.. Even though it is essential to pay attention to El Mor Electric existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way of 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. El Mor exposes twenty-one different technical indicators which can help you to evaluate its performance. El Mor Electric has expected return of -0.1853%. Please be advised to confirm El Mor Electric Installation Services Ltd Semi Deviation, Coefficient Of Variation and the relationship between Mean Deviation and Downside Deviation to decide if El Mor Electric past performance will be repeated in the future.
|15 days auto-correlation||(0.12) |
Insignificant reverse predictability
El Mor Electric Installation Services Ltd has insignificant reverse predictability. Overlapping area represents the amount of predictability between El Mor time series from October 12, 2018 to November 11, 2018 and November 11, 2018 to December 11, 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 El Mor Electric price movement. The serial correlation of -0.12 indicates that less than 12.0% of current El Mor price fluctuation can be explain by its past prices. Given that El Mor Electric Installation Services Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of El Mor for similar time interval.
|Spearman Rank Test||0.1|