We consider Halliburton not too risky. Halliburton
holds Efficiency (Sharpe) Ratio of 0.0292 which attests that Halliburton
had 0.0292% 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 company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Halliburton which you can use to evaluate future volatility of the corporation. Please check out Halliburton Market Risk Adjusted Performance
of 0.09 and Risk Adjusted Performance of 0.014158 to validate if risk estimate we provide are consistent with the epected return of 0.0373%. Halliburton has performance score of 1 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 0.5281 which attests that as returns on market increase, Halliburton returns are expected to increase less than the market. However during bear market, the loss on holding Halliburton will be expected to be smaller as well.. Although it is extremely important to respect Halliburton 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 Halliburton technical indicators you can presently evaluate if the expected return of 0.0373% will be sustainable into the future. Halliburton right now retains a risk of 1.2767%. Please check out Halliburton Jensen Alpha as well as the relationship between Potential Upside and Skewness to decide if Halliburton will be following its current trending patterns.
|15 days auto-correlation|| 0.47 |
Halliburton Company has average predictability. Overlapping area represents the amount of predictability between Halliburton time series from June 21, 2018 to July 6, 2018 and July 6, 2018 to July 21, 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 Halliburton price movement. The serial correlation of 0.47 indicates that about 47.0% of current Halliburton price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.47|
|Spearman Rank Test|| 0.22|
|Price Variance|| 0.18|
|Lagged Price Variance|| 0.3|