Macroaxis considers SATYA MINERS to be relatively risky. SATYA MINERS TRANSPO
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2294 which indicates SATYA MINERS TRANSPO
had -0.2294% of return per unit of standard deviation over the last 1 month. Macroaxis approach into measuring 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
. SATYA MINERS TRANSPORTERS LT exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SATYA MINERS Risk Adjusted Performance
of 0.08 and Market Risk Adjusted Performance of 6.55 to confirm risk estimate we provide. Macroaxis gives SATYA MINERS performance score of 0 on a scale of 0 to 100. The corporation has beta of -0.0346 which indicates as returns on market increase, returns on owning SATYA MINERS are expected to decrease at a much smaller rate. During bear market, SATYA MINERS is likely to outperform the market.. Even though it is essential to pay attention to SATYA MINERS TRANSPO current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis approach into measuring 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. SATYA MINERS TRANSPORTERS LT exposes twenty-one different technical indicators which can help you to evaluate its performance. SATYA MINERS TRANSPO has expected return of -0.2506%. Please be advised to validate SATYA MINERS Jensen Alpha, Potential Upside as well as the relationship between Potential Upside and Skewness to decide if SATYA MINERS TRANSPO past performance will be repeated at future time.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
SATYA MINERS TRANSPORTERS LT has no correlation between past and present. Overlapping area represents the amount of predictability between SATYA MINERS time series from August 20, 2018 to September 4, 2018 and September 4, 2018 to September 19, 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 SATYA MINERS TRANSPO price movement. The serial correlation of 0.0 indicates that just 0.0% of current SATYA MINERS price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.4|