Macroaxis considers Tiffany to be not too risky. Tiffany Co
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0349 which indicates Tiffany Co
had -0.0349% 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
. Tiffany Co exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Tiffany Coefficient Of Variation
of 2,968 and Risk Adjusted Performance of 0.057995 to confirm risk estimate we provide. Macroaxis gives Tiffany performance score of 0 on a scale of 0 to 100. The entity has beta of 0.005 which indicates as returns on market increase, Tiffany returns are expected to increase less than the market. However during bear market, the loss on holding Tiffany will be expected to be smaller as well.. Even though it is essential to pay attention to Tiffany Co 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. Tiffany Co exposes twenty-one different technical indicators which can help you to evaluate its performance. Tiffany Co has expected return of -0.0511%. Please be advised to validate Tiffany Information Ratio as well as the relationship between Value At Risk and Expected Short fall to decide if Tiffany Co past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.29) |
Weak reverse predictability
Tiffany Co has weak reverse predictability. Overlapping area represents the amount of predictability between Tiffany time series from February 21, 2018 to March 23, 2018 and March 23, 2018 to April 22, 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 Tiffany Co price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Tiffany price fluctuation can be explain by its past prices. Given that Tiffany Co has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Tiffany for similar time interval.
|Correlation Coefficient|| -0.29|
|Spearman Rank Test|| -0.45|
|Price Variance|| 2.67|
|Lagged Price Variance|| 3.62|