We consider HR Block not very risky. HR Block
retains Efficiency (Sharpe Ratio) of 0.0102 which attests that HR Block
had 0.0102% of return per unit of price deviation over the last 2 months. 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 check out HR Block Standard Deviation
of 2.64 and Market Risk Adjusted Performance
of 0.28 to validate if risk estimate we provide are consistent with the epected return of 0.0268%. HR Block has performance score of 0 on a scale of 0 to 100. The company owns Beta (Systematic Risk) of 0.1892 which attests that as returns on market increase, HR Block returns are expected to increase less than the market. However during bear market, the loss on holding HR Block will be expected to be smaller as well.. Although it is extremely important to respect HR Block existing price patterns, it is better to be realistic regarding the information on 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 0.0268% will be sustainable into the future. HR Block today owns a risk of 2.6295%. Please check out HR Block Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to decide if HR Block will be following its current price history.
|15 days auto-correlation|| 0.15 |
HR Block has insignificant predictability. Overlapping area represents the amount of predictability between HR Block time series from February 20, 2018 to March 22, 2018 and March 22, 2018 to April 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 HR Block price movement. The serial correlation of 0.15 indicates that less than 15.0% of current HR Block price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.15|
|Spearman Rank Test|| 0.21|
|Price Variance|| 0.36|
|Lagged Price Variance|| 0.91|