Macroaxis considers Nu Skin to be not too risky. Nu Skin Enterprises
retains Efficiency (Sharpe Ratio) of -0.325 which conveys that Nu Skin Enterprises
had -0.325% of return per unit of price deviation 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
. Nu Skin exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Nu Skin Enterprises Standard Deviation
of 2.13, Market Risk Adjusted Performance
of 0.58 and Mean Deviation of 1.67 to check out risk estimate we provide. Macroaxis gives Nu Skin performance score of 0 on a scale of 0 to 100. The company owns Beta (Systematic Risk) of 1.2163 which conveys that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Nu Skin will likely underperform.. Even though it is essential to pay attention to Nu Skin Enterprises existing price patterns, it is always good to be careful when utilizing equity 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. Nu Skin exposes twenty-one different technical indicators which can help you to evaluate its performance. Nu Skin Enterprises has expected return of -0.6764%. Please be advised to verify Nu Skin Enterprises Market Risk Adjusted Performance, Variance as well as the relationship between Variance and Potential Upside to decide if Nu Skin Enterprises past performance will be repeated at future time.
|15 days auto-correlation|| 0.50 |
Nu Skin Enterprises has modest predictability. Overlapping area represents the amount of predictability between Nu Skin time series from September 19, 2018 to October 4, 2018 and October 4, 2018 to October 19, 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 Nu Skin Enterprises price movement. The serial correlation of 0.5 indicates that about 50.0% of current Nu Skin price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.44|