Macroaxis considers IndusInd Bank to be not too risky. IndusInd Bank Limited
holds Efficiency (Sharpe) Ratio of -0.4051 which attests that IndusInd Bank Limited
had -0.4051% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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
. IndusInd Bank Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out IndusInd Bank Market Risk Adjusted Performance
of 0.7352 and Risk Adjusted Performance
of 0.16 to validate risk estimate we provide. Macroaxis gives IndusInd Bank performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.8817 which attests that . Even though it is essential to pay attention to IndusInd Bank Limited current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards 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. IndusInd Bank Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. IndusInd Bank Limited has expected return of -0.714%. Please be advised to check out IndusInd Bank Mean Deviation, Information Ratio as well as the relationship between Information Ratio and Downside Variance to decide if IndusInd Bank Limited past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.47 |
IndusInd Bank Limited has average predictability. Overlapping area represents the amount of predictability between IndusInd Bank time series from August 27, 2018 to September 11, 2018 and September 11, 2018 to September 26, 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 IndusInd Bank Limited price movement. The serial correlation of 0.47 indicates that about 47.0% of current IndusInd Bank price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.27|