Macroaxis considers Hind Rectifiers to be not too risky. Hind Rectifiers Limited
holds Efficiency (Sharpe) Ratio of -0.1971 which attests that Hind Rectifiers Limited
had -0.1971% 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
. Hind Rectifiers Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hind Rectifiers Market Risk Adjusted Performance
of 0.07 and Risk Adjusted Performance of 0.015994 to validate risk estimate we provide. Macroaxis gives Hind Rectifiers performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 1.982 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Hind Rectifiers will likely underperform.. Even though it is essential to pay attention to Hind Rectifiers Limited 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. Hind Rectifiers Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Hind Rectifiers Limited has expected return of -0.5096%. Please be advised to check out Hind Rectifiers Maximum Drawdown, and the relationship between Information Ratio and Downside Variance to decide if Hind Rectifiers Limited past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.12 |
Hind Rectifiers Limited has insignificant predictability. Overlapping area represents the amount of predictability between Hind Rectifiers 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 Hind Rectifiers Limited price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Hind Rectifiers price fluctuation can be explain by its past prices.
|Spearman Rank Test||-0.42|