Macroaxis considers Loews to be not too risky. Loews
has Sharpe Ratio of -0.2977 which conveys that Loews
had -0.2977% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating 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
. Loews exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Loews Corporation Mean Deviation
of 0.5975 and Risk Adjusted Performance
of 0.024312 to check out risk estimate we provide. Macroaxis gives Loews performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.2051 which conveys that as returns on market increase, returns on owning Loews are expected to decrease at a much smaller rate. During bear market, Loews is likely to outperform the market.. Even though it is essential to pay attention to Loews price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating 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. Loews exposes twenty-one different technical indicators which can help you to evaluate its performance. Loews has expected return of -0.3803%. Please be advised to verify Loews Corporation Variance as well as the relationship between Value At Risk and Skewness to decide if Loews past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.71 |
Loews Corporation has good predictability. Overlapping area represents the amount of predictability between Loews time series from September 15, 2018 to September 30, 2018 and September 30, 2018 to October 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 Loews price movement. The serial correlation of 0.71 indicates that around 71.0% of current Loews price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.46|