We consider Solegreen Ltd not too risky. Solegreen Ltd
owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0654 which indicates Solegreen Ltd
had 0.0654% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Solegreen Ltd which you can use to evaluate future volatility of the company. Please validate Solegreen Ltd Coefficient Of Variation
of 879.86 and Risk Adjusted Performance of 0.12 to confirm if risk estimate we provide are consistent with the epected return of 0.1036%. Solegreen Ltd has performance score of 4 on a scale of 0 to 100. The entity has beta of 0.4277 which indicates as returns on market increase, Solegreen Ltd returns are expected to increase less than the market. However during bear market, the loss on holding Solegreen Ltd will be expected to be smaller as well.. Although it is extremely important to respect Solegreen Ltd current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting Solegreen Ltd technical indicators you can presently evaluate if the expected return of 0.1036% will be sustainable into the future. Solegreen Ltd right now has a risk of 1.583%. Please validate Solegreen Ltd Jensen Alpha, Maximum Drawdown and the relationship between Information Ratio and Treynor Ratio to decide if Solegreen Ltd will be following its existing price patterns.
|15 days auto-correlation||(0.05) |
Very weak reverse predictability
Solegreen Ltd has very weak reverse predictability. Overlapping area represents the amount of predictability between Solegreen Ltd time series from September 20, 2018 to October 5, 2018 and October 5, 2018 to October 20, 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 Solegreen Ltd price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Solegreen Ltd price fluctuation can be explain by its past prices. Given that Solegreen Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Solegreen Ltd for similar time interval.
|Spearman Rank Test||0.43|