Macroaxis considers Shapir Engineering to be not too risky. Shapir Engineering and
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0676 which indicates Shapir Engineering and
had -0.0676% of return per unit of risk over the last 2 months. 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
. Shapir Engineering and Industry Ltd exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Shapir Engineering Coefficient Of Variation
of (6,469) and Risk Adjusted Performance of (0.018616) to confirm risk estimate we provide. Macroaxis gives Shapir Engineering performance score of 0 on a scale of 0 to 100. The entity has beta of 0.1844 which indicates as returns on market increase, Shapir Engineering returns are expected to increase less than the market. However during bear market, the loss on holding Shapir Engineering will be expected to be smaller as well.. Even though it is essential to pay attention to Shapir Engineering and 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. Shapir Engineering and Industry Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Shapir Engineering and has expected return of -0.1171%. Please be advised to validate Shapir Engineering Coefficient Of Variation, Variance and the relationship between Downside Deviation and Standard Deviation to decide if Shapir Engineering and past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.92) |
Near perfect reversele predictability
Shapir Engineering and Industry Ltd has near perfect reversele predictability. Overlapping area represents the amount of predictability between Shapir Engineering time series from October 12, 2018 to November 11, 2018 and November 11, 2018 to December 11, 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 Shapir Engineering and price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current Shapir Engineering price fluctuation can be explain by its past prices. Given that Shapir Engineering and Industry Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Shapir Engineering for similar time interval.
|Spearman Rank Test||-0.74|