Macroaxis considers NICE Ltd not too risky given 2 months investment horizon. NICE Ltd
retains Efficiency (Sharpe Ratio) of 0.2241 which conveys that NICE Ltd
had 0.2241% of return per unit of risk over the last 2 months. Our philosophy towards estimating 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-eight technical indicators
for NICE Ltd which you can use to evaluate future volatility of the firm. Please exercise NICE Ltd Semi Deviation
of 1.77, Market Risk Adjusted Performance
of (0.37) and Mean Deviation of 1.39 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 NICE Ltd holds performance score of 14. The company owns Beta (Systematic Risk) of -0.1554 which conveys that as returns on market increase, returns on owning NICE Ltd are expected to decrease at a much smaller rate. During bear market, NICE Ltd is likely to outperform the market.. Although it is vital to follow to NICE Ltd existing price patterns, it is good to be conservative about what you can actually do with the information regarding equity price patterns. The philosophy 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 examining NICE Ltd technical indicators you can today evaluate if the expected return of 0.4008% will be sustainable into the future. Please exercises NICE Ltd Semi Deviation, Coefficient Of Variation, Jensen Alpha, as well as the relationship between Downside Deviation and Information Ratio to make a quick decision on weather NICE Ltd current price history will revert.
|15 days auto-correlation|| 0.27 |
NICE Ltd has poor predictability. Overlapping area represents the amount of predictability between NICE Ltd time series from October 13, 2018 to November 12, 2018 and November 12, 2018 to December 12, 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 NICE Ltd price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current NICE Ltd price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.46|