Macroaxis considers MRF to be not too risky. MRF Limited
has Sharpe Ratio of -0.5015 which conveys that MRF Limited
had -0.5015% of return per unit of risk over the last 1 month. Macroaxis philosophy in 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
. MRF exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify MRF Limited Mean Deviation
of 0.8134 and Risk Adjusted Performance
of 0.16 to check out risk estimate we provide. Macroaxis gives MRF performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -0.2552 which conveys that as returns on market increase, returns on owning MRF are expected to decrease at a much smaller rate. During bear market, MRF is likely to outperform the market.. Even though it is essential to pay attention to MRF Limited price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy in 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. MRF exposes twenty-one different technical indicators which can help you to evaluate its performance. MRF Limited has expected return of -0.5694%. Please be advised to verify MRF Limited Downside Deviation, Standard Deviation, Information Ratio, as well as the relationship between Coefficient Of Variation and Variance to decide if MRF Limited past performance will be repeated at future time.
|15 days auto-correlation|| 0.82 |
Very good predictability
MRF Limited has very good predictability. Overlapping area represents the amount of predictability between MRF time series from August 24, 2018 to September 8, 2018 and September 8, 2018 to September 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 MRF Limited price movement. The serial correlation of 0.82 indicates that around 82.0% of current MRF price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.42|