Sears Holdings is abnormally risky given 2 months investment horizon. Sears Holdings
owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0773 which indicates Sears Holdings
had 0.0773% 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 1.4029% are justified by taking the suggested risk. Use Sears Holdings Coefficient Of Variation
of (2,770) and Risk Adjusted Performance of (0.04071) to evaluate company specific risk that cannot be diversified away. Sears Holdings holds performance score of 5 on a scale of zero to a hundred. The entity has beta of 0.6128 which indicates as returns on market increase, Sears Holdings returns are expected to increase less than the market. However during bear market, the loss on holding Sears Holdings will be expected to be smaller as well.. Although it is vital to follow to Sears Holdings 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 Sears Holdings Corporation expected return of 1.4029 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 Sears Holdings Coefficient Of Variation, Variance and the relationship between Downside Deviation and Standard Deviation to analyze future returns on Sears Holdings.
|15 days auto-correlation||(0.52) |
Good reverse predictability
Sears Holdings Corporation has good reverse predictability. Overlapping area represents the amount of predictability between Sears Holdings time series from October 11, 2018 to November 10, 2018 and November 10, 2018 to December 10, 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 Sears Holdings price movement. The serial correlation of -0.52 indicates that about 52.0% of current Sears Holdings price fluctuation can be explain by its past prices. Given that Sears Holdings Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Sears Holdings for similar time interval.
|Spearman Rank Test||-0.1|