Macroaxis considers Nu Skin to be not too risky. Nu Skin Enterprises
retains Efficiency (Sharpe Ratio) of -0.4242 which conveys that Nu Skin Enterprises
had -0.4242% 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 0.9596, Market Risk Adjusted Performance
of 101.72 and Mean Deviation of 0.7518 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 0.0041 which conveys that as returns on market increase, Nu Skin returns are expected to increase less than the market. However during bear market, the loss on holding Nu Skin will be expected to be smaller as well.. 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 -0.4071%. 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|| 0.91 |
Nu Skin Enterprises has excellent predictability. Overlapping area represents the amount of predictability between Nu Skin time series from June 19, 2018 to July 4, 2018 and July 4, 2018 to July 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 0.91 indicates that approximately 91.0% of current Nu Skin price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.91|
|Spearman Rank Test|| 0.94|
|Price Variance|| 2.41|
|Lagged Price Variance|| 2.66|