HR Block Inc Backtested Returns
Macroaxis considers HR Block to be not too volatile. HR Block Inc
retains Efficiency (Sharpe Ratio) of -0.069 which attests that HR Block Inc
had -0.069% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are 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
. HR Block exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out HR Block Inc Standard Deviation
of 1.37 and Market Risk Adjusted Performance
of (32.41) to validate risk estimate we provide. Macroaxis gives HR Block performance score of 0 on a scale of 0 to 100. The company owns Beta (Systematic Risk) of 0.0074 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.. Even though it is essential to pay attention to HR Block Inc existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are 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. HR Block exposes twenty-one different technical indicators which can help you to evaluate its performance. HR Block Inc has expected return of -0.0775%. Please be advised to check out HR Block Inc Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to decide if HR Block Inc past performance will be repeated sooner or later.
|15 days auto-correlation|| 0.26 |
HR Block Inc has poor predictability. Overlapping area represents the amount of predictability between HR Block time series from December 21, 2017 to January 5, 2018 and January 5, 2018 to January 20, 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 Inc price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current HR Block price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.26|
|Spearman Rank Test|| -0.53|
|Price Variance|| 0.05|
|Lagged Price Variance|| 0.06|
HR Block Lagged Returns