We consider GM very steady. General Motors
holds Efficiency (Sharpe) Ratio of 0.0177 which attests that the entity had 0.0177% of return per unit of risk over the last 3 months. 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-six technical indicators
for General Motors which you can use to evaluate future volatility of the corporation. Please check out GM Market Risk Adjusted Performance
of 0.0465, Risk Adjusted Performance
of 0.0344 and Downside Deviation
of 1.62 to validate if risk estimate we provide are consistent with the epected return of 0.026%. GM has performance score of 1 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 1.0743 which attests that GM returns are very sensitive to returns on the market. as market goes up or down, GM is expected to follow. Although it is extremely important to respect General Motors
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 General Motors technical indicators
you can presently evaluate if the expected return of 0.026% will be sustainable into the future. General Motors
right now retains a risk of 1.4699%. Please check out GM Potential Upside
, and the relationship
between Sortino Ratio
to decide if GM will be following its current trending patterns.
Below average predictability
General Motors Company has below average predictability. Overlapping area represents the amount of predictability between GM time series from June 23, 2019 to August 7, 2019 and August 7, 2019 to September 21, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of General Motors price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current GM price fluctuation can be explain by its past prices.