We consider INDOVATION TECHNOLOGIES not very risky. INDOVATION TECHNOLOGIES
holds Efficiency (Sharpe) Ratio of 0.0736 which attests that INDOVATION TECHNOLOGIES
had 0.0736% of return per unit of return volatility over the last 1 month. Our approach to 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 INDOVATION TECHNOLOGIES which you can use to evaluate future volatility of the corporation. Please check out INDOVATION TECHNOLOGIES Market Risk Adjusted Performance
of 0.27 and Risk Adjusted Performance of 0.0384 to validate if risk estimate we provide are consistent with the epected return of 0.0985%. INDOVATION TECHNOLOGIES has performance score of 4 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.2809 which attests that as returns on market increase, returns on owning INDOVATION TECHNOLOGIES are expected to decrease at a much smaller rate. During bear market, INDOVATION TECHNOLOGIES is likely to outperform the market.. Although it is extremely important to respect INDOVATION TECHNOLOGIES current price history, it is better to be realistic regarding the information on equity current price movements. The approach to 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 examining INDOVATION TECHNOLOGIES technical indicators you can today evaluate if the expected return of 0.0985% will be sustainable into the future. INDOVATION TECHNOLOGIES now retains a risk of 1.3375%. Please check out INDOVATION TECHNOLOGIES Mean Deviation, Information Ratio as well as the relationship between Information Ratio and Downside Variance to decide if INDOVATION TECHNOLOGIES will be following its current trending patterns.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
INDOVATION TECHNOLOGIES LTD has no correlation between past and present. Overlapping area represents the amount of predictability between INDOVATION TECHNOLOGIES time series from August 25, 2018 to September 9, 2018 and September 9, 2018 to September 24, 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 INDOVATION TECHNOLOGIES price movement. The serial correlation of 0.0 indicates that just 0.0% of current INDOVATION TECHNOLOGIES price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.56|