Macroaxis considers Plasto Cargal to be not too risky. Plasto Cargal Group
maintains Sharpe Ratio (i.e. Efficiency) of -0.392 which implies Plasto Cargal Group
had -0.392% of return per unit of risk over the last 2 months. 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
. Plasto Cargal Group exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Plasto Cargal Group Coefficient Of Variation
of (311.34) and Risk Adjusted Performance of (0.44) to confirm risk estimate we provide. Macroaxis gives Plasto Cargal performance score of 0 on a scale of 0 to 100. The organization holds Beta of 0.1536 which implies as returns on market increase, Plasto Cargal returns are expected to increase less than the market. However during bear market, the loss on holding Plasto Cargal will be expected to be smaller as well.. Even though it is essential to pay attention to Plasto Cargal Group 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. Plasto Cargal Group exposes twenty-one different technical indicators which can help you to evaluate its performance. Plasto Cargal Group has expected return of -0.8195%. Please be advised to check Plasto Cargal Group Mean Deviation, Downside Deviation, Standard Deviation, as well as the relationship between Semi Deviation and Coefficient Of Variation to decide if Plasto Cargal Group past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.48 |
Plasto Cargal Group Ltd has average predictability. Overlapping area represents the amount of predictability between Plasto Cargal time series from October 14, 2018 to November 13, 2018 and November 13, 2018 to December 13, 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 Plasto Cargal Group price movement. The serial correlation of 0.48 indicates that about 48.0% of current Plasto Cargal price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.78|