Macroaxis considers WhiteSmoke Software not very volatile given 1 month investment horizon. WhiteSmoke Software
shows Sharpe Ratio of 0.0567 which attests that WhiteSmoke Software
had 0.0567% 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. We have found twenty-one technical indicators
for WhiteSmoke Software which you can use to evaluate future volatility of the organization. Please utilize WhiteSmoke Software Market Risk Adjusted Performance
of 24.03 and Mean Deviation of 0.6715 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 WhiteSmoke Software holds performance score of 3. The firm maintains market beta of -0.0081 which attests that as returns on market increase, returns on owning WhiteSmoke Software are expected to decrease at a much smaller rate. During bear market, WhiteSmoke Software is likely to outperform the market.. Although it is extremely important to respect WhiteSmoke Software historical price patterns, it is better to be realistic regarding the information on 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. By examining WhiteSmoke Software technical indicators you can presently evaluate if the expected return of 0.2263% will be sustainable into the future. Please utilizes WhiteSmoke Software Standard Deviation, Information Ratio, Treynor Ratio, as well as the relationship between Variance and Jensen Alpha to make a quick decision on weather WhiteSmoke Software Ltd historical returns will revert.
|15 days auto-correlation||(0.69) |
Very good reverse predictability
WhiteSmoke Software Ltd has very good reverse predictability. Overlapping area represents the amount of predictability between WhiteSmoke Software time series from September 15, 2018 to September 30, 2018 and September 30, 2018 to October 15, 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 WhiteSmoke Software price movement. The serial correlation of -0.69 indicates that around 69.0% of current WhiteSmoke Software price fluctuation can be explain by its past prices. Given that WhiteSmoke Software Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of WhiteSmoke Software for similar time interval.
|Spearman Rank Test||-0.03|