Macroaxis considers Williamson Magor not very risky given 1 month investment horizon. Williamson Magor
shows Sharpe Ratio of 0.1011 which attests that Williamson Magor
had 0.1011% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. By examining Williamson Magor technical indicators
you can presently evaluate if the expected return of 0.8661% is justified by implied risk. Please utilize Williamson Magor Market Risk Adjusted Performance
of 0.24, Mean Deviation of 3.68 and Downside Deviation of 4.45 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Williamson Magor holds performance score of 6. The firm maintains market beta of -2.5796 which attests that as returns on market increase, returns on owning Williamson Magor are expected to decrease by larger amounts. On the other hand, during market turmoil, Williamson Magor is expected to significantly outperform it.. Although it is vital to follow to Williamson Magor historical price patterns, it is good to be conservative about what you can actually do with the information regarding equity current price history. The philosophy towards determining 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. We have found twenty-one technical indicators for Williamson Magor which you can use to evaluate performance of the organization. Please utilizes Williamson Magor Value At Risk, and the relationship between Jensen Alpha and Semi Variance to make a quick decision on weather Williamson Magor Co Limited historical returns will revert.
|15 days auto-correlation||(0.46) |
Modest reverse predictability
Williamson Magor Co Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Williamson Magor time series from August 23, 2018 to September 7, 2018 and September 7, 2018 to September 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 Williamson Magor price movement. The serial correlation of -0.46 indicates that about 46.0% of current Williamson Magor price fluctuation can be explain by its past prices. Given that Williamson Magor Co Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Williamson Magor for similar time interval.
|Spearman Rank Test||-0.6|