Macroaxis considers Ujjivan Financial to be not too risky. Ujjivan Financial
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.4811 which indicates Ujjivan Financial
had -0.4811% 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
. Ujjivan Financial Services Limited exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Ujjivan Financial Coefficient Of Variation
of 351.75 and Risk Adjusted Performance of 0.12 to confirm risk estimate we provide. Macroaxis gives Ujjivan Financial performance score of 0 on a scale of 0 to 100. The entity has beta of 1.8922 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Ujjivan Financial will likely underperform.. Even though it is essential to pay attention to Ujjivan Financial 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. Ujjivan Financial Services Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. Ujjivan Financial has expected return of -1.1078%. Please be advised to validate Ujjivan Financial Coefficient Of Variation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Skewness to decide if Ujjivan Financial past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.75 |
Ujjivan Financial Services Limited has good predictability. Overlapping area represents the amount of predictability between Ujjivan Financial time series from August 25, 2018 to September 9, 2018 and September 9, 2018 to September 24, 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 Ujjivan Financial price movement. The serial correlation of 0.75 indicates that around 75.0% of current Ujjivan Financial price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.78|