Macroaxis considers NIIT Technologies not too risky given 2 months investment horizon. NIIT Technologies
has Sharpe Ratio of 0.2062 which conveys that the firm had 0.2062% of return per unit of volatility over the last 2 months. Our way of 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-one technical indicators
for NIIT Technologies which you can use to evaluate future volatility of the firm. Please exercise NIIT Technologies Limited Mean Deviation
of 1.09 and Risk Adjusted Performance
of 0.3436 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100 NIIT Technologies holds performance score of 13. The company secures Beta (Market Risk) of 0.011 which conveys that as returns on market increase, NIIT Technologies returns are expected to increase less than the market. However during bear market, the loss on holding NIIT Technologies will be expected to be smaller as well. Although it is vital to follow to NIIT Technologies price patterns
, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns
. The way of 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 evaluating NIIT Technologies technical indicators
you can today evaluate if the expected return of 0.3303% will be sustainable into the future. Please exercises NIIT Technologies Limited Downside Deviation
, Treynor Ratio
as well as the relationship
between Treynor Ratio and Expected Short fall
to make a quick decision on weather NIIT Technologies current price movements will revert.
Modest reverse predictability
NIIT Technologies Limited has modest reverse predictability. Overlapping area represents the amount of predictability between NIIT Technologies time series from December 19, 2018 to January 18, 2019 and January 18, 2019 to February 17, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NIIT Technologies price movement. The serial correlation of -0.44 indicates that just about 44.0% of current NIIT Technologies price fluctuation can be explain by its past prices. Given that NIIT Technologies Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of NIIT Technologies for similar time interval.