Macroaxis considers Rasandik Engineering to be not too risky. Rasandik Engineering
maintains Sharpe Ratio (i.e. Efficiency) of -0.1667 which implies Rasandik Engineering
had -0.1667% 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
. Rasandik Engineering exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Rasandik Engineering Coefficient Of Variation
of 698.68 and Risk Adjusted Performance of 0.06 to confirm risk estimate we provide. Macroaxis gives Rasandik Engineering performance score of 0 on a scale of 0 to 100. The organization holds Beta of -0.088 which implies as returns on market increase, returns on owning Rasandik Engineering are expected to decrease at a much smaller rate. During bear market, Rasandik Engineering is likely to outperform the market.. Even though it is essential to pay attention to Rasandik Engineering 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. Rasandik Engineering exposes twenty-one different technical indicators which can help you to evaluate its performance. Rasandik Engineering has expected return of -0.3269%. Please be advised to check Rasandik Engineering Information Ratio, Value At Risk as well as the relationship between Value At Risk and Expected Short fall to decide if Rasandik Engineering past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.43 |
Rasandik Engineering Industries India Ltd has average predictability. Overlapping area represents the amount of predictability between Rasandik Engineering time series from August 23, 2018 to September 7, 2018 and September 7, 2018 to September 22, 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 Rasandik Engineering price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Rasandik Engineering price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.38|