Macroaxis considers Seamec to be not too risky. Seamec Limited
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.288 which indicates Seamec Limited
had -0.288% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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
. Seamec Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Seamec Coefficient Of Variation
of 471.13 and Risk Adjusted Performance of 0.08 to confirm risk estimate we provide. Macroaxis gives Seamec performance score of 0 on a scale of 0 to 100. The entity has beta of 0.9811 which indicates Seamec returns are very sensitive to returns on the market. as market goes up or down, Seamec is expected to follow.. Even though it is essential to pay attention to Seamec Limited current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards 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. Seamec Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Seamec Limited has expected return of -0.6332%. Please be advised to validate Seamec Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Information Ratio and Downside Variance to decide if Seamec Limited past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.01 |
Virtually no predictability
Seamec Limited has virtually no predictability. Overlapping area represents the amount of predictability between Seamec 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 Seamec Limited price movement. The serial correlation of 0.01 indicates that just 1.0% of current Seamec price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.57|