We consider Gateway Distriparks not too volatile. Gateway Distriparks
holds Efficiency (Sharpe) Ratio of 0.0018 which attests that Gateway Distriparks
had 0.0018% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Gateway Distriparks which you can use to evaluate future volatility of the corporation. Please check out Gateway Distriparks Downside Deviation
of 4.33, Market Risk Adjusted Performance
of 0.63 and Risk Adjusted Performance of 0.122 to validate if risk estimate we provide are consistent with the epected return of 0.0098%. Gateway Distriparks has performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.727 which attests that as returns on market increase, returns on owning Gateway Distriparks are expected to decrease at a much smaller rate. During bear market, Gateway Distriparks is likely to outperform the market.. Although it is extremely important to respect Gateway Distriparks current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating Gateway Distriparks technical indicators you can presently evaluate if the expected return of 0.0098% will be sustainable into the future. Gateway Distriparks right now retains a risk of 5.4685%. Please check out Gateway Distriparks Jensen Alpha, Potential Upside, Skewness, as well as the relationship between Maximum Drawdown and Semi Variance to decide if Gateway Distriparks will be following its current trending patterns.
|15 days auto-correlation||(0.54) |
Good reverse predictability
Gateway Distriparks Limited has good reverse predictability. Overlapping area represents the amount of predictability between Gateway Distriparks time series from October 16, 2018 to October 31, 2018 and October 31, 2018 to November 15, 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 Gateway Distriparks price movement. The serial correlation of -0.54 indicates that about 54.0% of current Gateway Distriparks price fluctuation can be explain by its past prices. Given that Gateway Distriparks Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Gateway Distriparks for similar time interval.
|Spearman Rank Test||-0.75|