Seamec is not too risky given 2 months investment horizon. Seamec Limited
owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.3941 which indicates the firm had 0.3941% of return per unit of risk over the last 2 months. Our philosophy towards measuring risk of a stock is to use both market data as well as company specific technical data. We found twenty-one different technical indicators
which can help you to evaluate if expected returns of 1.2921% are justified by taking the suggested risk. Use Seamec Limited Semi Deviation
of 0.5691, Risk Adjusted Performance
of 0.6216 and Coefficient Of Variation
of 290.48 to evaluate company specific risk that cannot be diversified away. Seamec holds performance score of 26 on a scale of zero to a hundred. The entity has beta of 0.1963 which indicates as returns on market increase, Seamec returns are expected to increase less than the market. However during bear market, the loss on holding Seamec will be expected to be smaller as well. Although it is vital to follow to Seamec Limited
current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators
. To evaluate if Seamec Limited expected return of 1.2921 will be sustainable into the future, we have found twenty-one different technical indicators
which can help you to check if the expected returns are sustainable. Use Seamec Limited Coefficient Of Variation
, Maximum Drawdown
, as well as the relationship
between Information Ratio
and Downside Variance
to analyze future returns on Seamec Limited.
Very good predictability
Seamec Limited has very good predictability. Overlapping area represents the amount of predictability between Seamec time series from December 19, 2018 to January 18, 2019 and January 18, 2019 to February 17, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Seamec Limited price movement. The serial correlation of 0.83 indicates that around 83.0% of current Seamec price fluctuation can be explain by its past prices.