Macroaxis considers Z F to be not too risky. Z F STEERING
shows Sharpe Ratio of -0.0398 which attests that Z F STEERING
had -0.0398% of return per unit of standard deviation over the last 1 month. Macroaxis approach towards determining 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
. Z F STEERING exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Z F STEERING Risk Adjusted Performance
of 0.008848 and Mean Deviation of 2.31 to validate risk estimate we provide. Macroaxis gives Z F performance score of 0 on a scale of 0 to 100. The corporation maintains market beta of -2.5569 which attests that as returns on market increase, returns on owning Z F are expected to decrease by larger amounts. On the other hand, during market turmoil, Z F is expected to significantly outperform it.. Even though it is essential to pay attention to Z F STEERING historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis approach towards determining 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. Z F STEERING exposes twenty-one different technical indicators which can help you to evaluate its performance. Z F STEERING has expected return of -0.1401%. Please be advised to check out Z F STEERING Coefficient Of Variation, Treynor Ratio as well as the relationship between Treynor Ratio and Semi Variance to decide if Z F STEERING past performance will be repeated sooner or later.
|15 days auto-correlation||(0.22) |
Weak reverse predictability
Z F STEERING GEAR LTD has weak reverse predictability. Overlapping area represents the amount of predictability between Z F time series from August 24, 2018 to September 8, 2018 and September 8, 2018 to September 23, 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 Z F STEERING price movement. The serial correlation of -0.22 indicates that over 22.0% of current Z F price fluctuation can be explain by its past prices. Given that Z F STEERING GEAR LTD has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Z F for similar time interval.
|Spearman Rank Test||-0.07|