Macroaxis considers IITL PROJECTS not too volatile given 1 month investment horizon. IITL PROJECTS LIMITED
holds Efficiency (Sharpe) Ratio of 0.465 which attests that IITL PROJECTS LIMITED
had 0.465% of return per unit of volatility over the last 1 month. Our approach towards determining volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. By analyzing IITL PROJECTS LIMITED technical indicators
you can now evaluate if the expected return of 0.833% is justified by implied risk. Please utilize IITL PROJECTS Risk Adjusted Performance
of 0.2648 and Market Risk Adjusted Performance
of 0.62 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 IITL PROJECTS holds performance score of 30. The company retains Market Volatility (i.e. Beta) of -1.8403 which attests that as returns on market increase, returns on owning IITL PROJECTS are expected to decrease by larger amounts. On the other hand, during market turmoil, IITL PROJECTS is expected to significantly outperform it.. Although it is vital to follow to IITL PROJECTS LIMITED current price history, it is good to be conservative about what you can actually do with the information regarding equity current price movements. The approach 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. We have found twenty-one technical indicators for IITL PROJECTS LIMITED which you can use to evaluate performance of the corporation. Please utilizes IITL PROJECTS Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to make a quick decision on weather IITL PROJECTS LIMITED current trending patterns will revert.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
IITL PROJECTS LIMITED has no correlation between past and present. Overlapping area represents the amount of predictability between IITL PROJECTS time series from August 24, 2018 to September 8, 2018 and September 8, 2018 to September 23, 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 IITL PROJECTS LIMITED price movement. The serial correlation of 0.0 indicates that just 0.0% of current IITL PROJECTS price fluctuation can be explain by its past prices.
|Spearman Rank Test||1.0|