Macroaxis considers Hyatt Hotels to be not too risky. Hyatt Hotels
holds Efficiency (Sharpe) Ratio of -0.1194 which attests that Hyatt Hotels
had -0.1194% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in 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
. Hyatt Hotels exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hyatt Hotels Market Risk Adjusted Performance
of 0.5951 and Risk Adjusted Performance
of 0.038959 to validate risk estimate we provide. Macroaxis gives Hyatt Hotels performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.1749 which attests that as returns on market increase, returns on owning Hyatt Hotels are expected to decrease at a much smaller rate. During bear market, Hyatt Hotels is likely to outperform the market.. Even though it is essential to pay attention to Hyatt Hotels current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy in 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. Hyatt Hotels exposes twenty-one different technical indicators which can help you to evaluate its performance. Hyatt Hotels has expected return of -0.1363%. Please be advised to check out Hyatt Hotels Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if Hyatt Hotels past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.88) |
Excellent reverse predictability
Hyatt Hotels Corporation has excellent reverse predictability. Overlapping area represents the amount of predictability between Hyatt Hotels time series from June 15, 2018 to June 30, 2018 and June 30, 2018 to July 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 Hyatt Hotels price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Hyatt Hotels price fluctuation can be explain by its past prices. Given that Hyatt Hotels Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Hyatt Hotels for similar time interval.
|Correlation Coefficient|| -0.88|
|Spearman Rank Test|| -0.87|
|Price Variance|| 1.79|
|Lagged Price Variance|| 6.49|