Macroaxis considers Electra Ltd to be not too risky. Electra Ltd
secures Sharpe Ratio (or Efficiency) of -0.1435 which denotes Electra Ltd
had -0.1435% of return per unit of risk over the last 2 months. 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
. Electra Ltd exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Electra Ltd Coefficient Of Variation
of (820.06) and Mean Deviation of 1.01 to check risk estimate we provide. Macroaxis gives Electra Ltd performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.2094 which denotes to the fact that as returns on market increase, Electra Ltd returns are expected to increase less than the market. However during bear market, the loss on holding Electra Ltd will be expected to be smaller as well.. Even though it is essential to pay attention to Electra Ltd 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. Electra Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Electra Ltd has expected return of -0.2117%. Please be advised to confirm Electra Ltd Coefficient Of Variation, Variance and the relationship between Downside Deviation and Standard Deviation to decide if Electra Ltd past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.14 |
Electra Ltd has insignificant predictability. Overlapping area represents the amount of predictability between Electra Ltd time series from October 11, 2018 to November 10, 2018 and November 10, 2018 to December 10, 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 Electra Ltd price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Electra Ltd price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.0|