Macroaxis considers Apple to be very steady. Apple
secures Sharpe Ratio (or Efficiency) of -0.0585 which signifies that the organization had -0.0585% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing 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
. Apple exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Apple Risk Adjusted Performance
of 0.01 and Mean Deviation
of 1.32 to double-check risk estimate we provide. The firm shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Apple are completely uncorrelated. Even though it is essential to pay attention to Apple
historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing 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
. Apple exposes twenty-one different technical indicators which can help you to evaluate its performance. Apple
has expected return of -0.1062%. Please be advised to confirm Apple Jensen Alpha
as well as the relationship
between Potential Upside
to decide if Apple
past performance will be repeated at some point in the near future.
Excellent reverse predictability
Apple has excellent reverse predictability. Overlapping area represents the amount of predictability between Apple time series from April 18, 2019 to May 18, 2019 and May 18, 2019 to June 17, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Apple price movement. The serial correlation of -0.84 indicates that around 84.0% of current Apple price fluctuation can be explain by its past prices. Given that Apple has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Apple for similar time interval.