Macroaxis considers HR Block not too risky given 1 month investment horizon. HR Block
retains Efficiency (Sharpe Ratio) of 0.3477 which attests that HR Block
had 0.3477% of return per unit of price deviation over the last 1 month. Our way in which we are 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 HR Block which you can use to evaluate future volatility of the corporation. Please utilize HR Block Standard Deviation
of 1.1, Market Risk Adjusted Performance
of 0.87 and Semi Deviation of 1.12 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 HR Block holds performance score of 23. The company owns Beta (Systematic Risk) of -0.0658 which attests that as returns on market increase, returns on owning HR Block are expected to decrease at a much smaller rate. During bear market, HR Block is likely to outperform the market.. Although it is vital to follow to HR Block existing price patterns, it is good to be conservative about what you can actually do with the information regarding equity price patterns. The way in which we are 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 inspecting HR Block technical indicators you can at this moment evaluate if the expected return of 0.285% will be sustainable into the future. Please utilizes HR Block Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to make a quick decision on weather HR Block current price history will revert.
|15 days auto-correlation|| 0.70 |
HR Block has good predictability. Overlapping area represents the amount of predictability between HR Block time series from June 22, 2018 to July 7, 2018 and July 7, 2018 to July 22, 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 HR Block price movement. The serial correlation of 0.7 indicates that around 70.0% of current HR Block price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.7|
|Spearman Rank Test|| 0.58|
|Price Variance|| 0.07|
|Lagged Price Variance|| 0.14|