Macroaxis considers Trent to be not too risky. Trent Limited
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2718 which indicates Trent Limited
had -0.2718% 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
. Trent Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Trent Coefficient Of Variation
of 1,059 and Risk Adjusted Performance of 0.039724 to confirm risk estimate we provide. Macroaxis gives Trent performance score of 0 on a scale of 0 to 100. The entity has beta of 0.0262 which indicates as returns on market increase, Trent returns are expected to increase less than the market. However during bear market, the loss on holding Trent will be expected to be smaller as well.. Even though it is essential to pay attention to Trent 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. Trent Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Trent Limited has expected return of -0.2378%. Please be advised to validate Trent Semi Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Semi Variance to decide if Trent Limited past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.72 |
Trent Limited has good predictability. Overlapping area represents the amount of predictability between Trent time series from August 26, 2018 to September 10, 2018 and September 10, 2018 to September 25, 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 Trent Limited price movement. The serial correlation of 0.72 indicates that around 72.0% of current Trent price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.35|