Macroaxis considers Nitin Fire to be extremely risky. Nitin Fire Protection
has Sharpe Ratio of -0.3409 which conveys that Nitin Fire Protection
had -0.3409% 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
. Nitin Fire exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Nitin Fire Protection Industries Limited Mean Deviation
of 2.69 and Risk Adjusted Performance
of 0.18 to check out risk estimate we provide. Macroaxis gives Nitin Fire performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of 2.2654 which conveys that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Nitin Fire will likely underperform.. Even though it is essential to pay attention to Nitin Fire Protection 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. Nitin Fire exposes twenty-one different technical indicators which can help you to evaluate its performance. Nitin Fire Protection has expected return of -1.1812%. Please be advised to verify Nitin Fire Protection Industries Limited Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if Nitin Fire Protection past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.67 |
Nitin Fire Protection Industries Limited has good predictability. Overlapping area represents the amount of predictability between Nitin Fire time series from August 25, 2018 to September 9, 2018 and September 9, 2018 to September 24, 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 Nitin Fire Protection price movement. The serial correlation of 0.67 indicates that around 67.0% of current Nitin Fire price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.59|