Macroaxis considers OnMobile Global to be not very risky. OnMobile Global Limited
maintains Sharpe Ratio (i.e. Efficiency) of -0.2349 which implies OnMobile Global Limited
had -0.2349% of return per unit of volatility over the last 1 month. Macroaxis approach into forecasting 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
. OnMobile Global Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check OnMobile Global Limited Risk Adjusted Performance
of 0.1 to confirm risk estimate we provide. Macroaxis gives OnMobile Global performance score of 0 on a scale of 0 to 100. The organization holds Beta of -2.1825 which implies as returns on market increase, returns on owning OnMobile Global are expected to decrease by larger amounts. On the other hand, during market turmoil, OnMobile Global is expected to significantly outperform it.. Even though it is essential to pay attention to OnMobile Global Limited current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis approach into forecasting 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. OnMobile Global Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. OnMobile Global Limited has expected return of -0.7278%. Please be advised to check OnMobile Global Limited Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if OnMobile Global Limited past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.91) |
Near perfect reversele predictability
OnMobile Global Limited has near perfect reversele predictability. Overlapping area represents the amount of predictability between OnMobile Global time series from August 27, 2018 to September 11, 2018 and September 11, 2018 to September 26, 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 OnMobile Global Limited price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current OnMobile Global price fluctuation can be explain by its past prices. Given that OnMobile Global Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of OnMobile Global for similar time interval.
|Spearman Rank Test||-0.65|