La Quinta Holdings Backtested Returns
Macroaxis considers La Quinta not very risky given 1 month investment horizon. La Quinta Holdings
retains Efficiency (Sharpe Ratio) of 0.2449 which conveys that La Quinta Holdings
had 0.2449% of return per unit of price deviation over the last 1 month. Our approach towards estimating volatility of a stock is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for La Quinta which you can use to evaluate future volatility of the firm. Please exercise La Quinta Holdings Inc Standard Deviation
of 1.6, Market Risk Adjusted Performance
of (4.69) and Mean Deviation of 0.9886 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 La Quinta holds performance score of 16. The company owns Beta (Systematic Risk) of -0.0751 which conveys that as returns on market increase, returns on owning La Quinta are expected to decrease at a much smaller rate. During bear market, La Quinta is likely to outperform the market.. Although it is vital to follow to La Quinta Holdings existing price patterns, it is good to be conservative about what you can actually do with the information regarding equity price patterns. The approach towards estimating 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 reviewing La Quinta Holdings technical indicators you can at this time evaluate if the expected return of 0.4151% will be sustainable into the future. Please exercises La Quinta Holdings Inc Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to make a quick decision on weather La Quinta Holdings current price history will revert.
|15 days auto-correlation||(0.74) |
Almost perfect reverse predictability
La Quinta Holdings Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between La Quinta time series from December 24, 2017 to January 8, 2018 and January 8, 2018 to January 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 La Quinta Holdings price movement. The serial correlation of -0.74 indicates that around 74.0% of current La Quinta price fluctuation can be explain by its past prices. Given that La Quinta Holdings Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of La Quinta for similar time interval.
|Correlation Coefficient|| -0.74|
|Spearman Rank Test|| -0.47|
|Price Variance|| 0.62|
|Lagged Price Variance|| 0.03|
La Quinta Lagged Returns