Macroaxis considers Park Hotels to be not too volatile. Park Hotels Resorts
maintains Sharpe Ratio (i.e. Efficiency) of -0.3583 which implies Park Hotels Resorts
had -0.3583% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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
. Park Hotels Resorts exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Park Hotels Resorts Coefficient Of Variation
of 289.86 and Risk Adjusted Performance of 0.37 to confirm risk estimate we provide. Macroaxis gives Park Hotels performance score of 0 on a scale of 0 to 100. The organization holds Beta of -0.2941 which implies as returns on market increase, returns on owning Park Hotels are expected to decrease at a much smaller rate. During bear market, Park Hotels is likely to outperform the market.. Even though it is essential to pay attention to Park Hotels Resorts current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards 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. Park Hotels Resorts exposes twenty-one different technical indicators which can help you to evaluate its performance. Park Hotels Resorts has expected return of -0.4175%. Please be advised to check Park Hotels Resorts Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if Park Hotels Resorts past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.47 |
Park Hotels Resorts has average predictability. Overlapping area represents the amount of predictability between Park Hotels time series from September 23, 2018 to October 8, 2018 and October 8, 2018 to October 23, 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 Park Hotels Resorts price movement. The serial correlation of 0.47 indicates that about 47.0% of current Park Hotels price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.24|