We consider Phoenix Holdings not too risky. The Phoenix Holdings
maintains Sharpe Ratio (i.e. Efficiency) of 0.1008 which implies The Phoenix Holdings
had 0.1008% of return per unit of risk over the last 1 month. Our philosophy towards forecasting 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 The Phoenix Holdings which you can use to evaluate future volatility of the company. Please check The Phoenix Holdings Coefficient Of Variation
of 1325.62, Semi Deviation
of 1.14 and Market Risk Adjusted Performance
of 0.19 to confirm if risk estimate we provide are consistent with the epected return of 0.1385%. Phoenix Holdings has performance score of 6 on a scale of 0 to 100. The organization holds Beta of -0.4277 which implies as returns on market increase, returns on owning Phoenix Holdings are expected to decrease at a much smaller rate. During bear market, Phoenix Holdings is likely to outperform the market.. Although it is extremely important to respect The Phoenix Holdings current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting 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 analyzing The Phoenix Holdings technical indicators you can presently evaluate if the expected return of 0.1385% will be sustainable into the future. The Phoenix Holdings right now holds a risk of 1.3737%. Please check The Phoenix Holdings Downside Deviation, Standard Deviation, Information Ratio, as well as the relationship between Coefficient Of Variation and Variance to decide if The Phoenix Holdings will be following its historical price patterns.
|15 days auto-correlation||(0.44) |
Modest reverse predictability
The Phoenix Holdings Ltd has modest reverse predictability. Overlapping area represents the amount of predictability between Phoenix Holdings time series from September 15, 2018 to September 30, 2018 and September 30, 2018 to October 15, 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 The Phoenix Holdings price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Phoenix Holdings price fluctuation can be explain by its past prices. Given that The Phoenix Holdings Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Phoenix Holdings for similar time interval.
|Spearman Rank Test||-0.55|