Macroaxis considers Ilex Medical not too risky given 2 months investment horizon. Ilex Medical
holds Efficiency (Sharpe) Ratio of 0.2218 which attests that Ilex Medical
had 0.2218% of return per unit of risk over the last 2 months. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Ilex Medical which you can use to evaluate future volatility of the corporation. Please utilize Ilex Medical Downside Deviation
of 1.0, Market Risk Adjusted Performance
of 4.87 and Risk Adjusted Performance
of 0.1217 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Ilex Medical holds performance score of 14. The company retains Market Volatility (i.e. Beta) of 0.0174 which attests that as returns on market increase, Ilex Medical returns are expected to increase less than the market. However during bear market, the loss on holding Ilex Medical will be expected to be smaller as well.. Although it is vital to follow to Ilex Medical
current price history, it is good to be conservative about what you can actually do with the information regarding equity current price movements. The philosophy 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
. By evaluating Ilex Medical technical indicators
you can presently evaluate if the expected return of 0.26% will be sustainable into the future. Please utilizes Ilex Medical Treynor Ratio
, and the relationship
between Standard Deviation
and Downside Variance
to make a quick decision on weather Ilex Medical Ltd current trending patterns will revert.
Ilex Medical Ltd has modest predictability. Overlapping area represents the amount of predictability between Ilex Medical time series from October 16, 2018 to November 15, 2018 and November 15, 2018 to December 15, 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 Ilex Medical price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Ilex Medical price fluctuation can be explain by its past prices.