Macroaxis considers Gateway Distriparks to be not too risky. Gateway Distriparks
holds Efficiency (Sharpe) Ratio of -0.405 which attests that Gateway Distriparks
had -0.405% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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
. Gateway Distriparks exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Gateway Distriparks Market Risk Adjusted Performance
of 0.244 and Risk Adjusted Performance
of 0.11 to validate risk estimate we provide. Macroaxis gives Gateway Distriparks performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -3.0311 which attests that as returns on market increase, returns on owning Gateway Distriparks are expected to decrease by larger amounts. On the other hand, during market turmoil, Gateway Distriparks is expected to significantly outperform it.. Even though it is essential to pay attention to Gateway Distriparks current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining 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. Gateway Distriparks exposes twenty-one different technical indicators which can help you to evaluate its performance. Gateway Distriparks has expected return of -1.2632%. Please be advised to 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 past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.46 |
Gateway Distriparks Limited has average predictability. Overlapping area represents the amount of predictability between Gateway Distriparks time series from August 25, 2018 to September 9, 2018 and September 9, 2018 to September 24, 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 0.46 indicates that about 46.0% of current Gateway Distriparks price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.63|