Yahoo Inc Backtested Returns
We consider Yahoo not too risky. Yahoo Inc
shows Sharpe Ratio of 0.253 which attests that Yahoo Inc
had 0.253% 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 company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Yahoo Inc which you can use to evaluate future volatility of the organization. Please check out Yahoo Inc Market Risk Adjusted Performance
of (0.49), Mean Deviation of 0.5399 and Downside Deviation of 0.6561 to validate if risk estimate we provide are consistent with the epected return of 0.1879%. Yahoo has performance score of 17 on a scale of 0 to 100. The firm maintains market beta of -0.2831 which attests that as returns on market increase, returns on owning Yahoo are expected to decrease at a much smaller rate. During bear market, Yahoo is likely to outperform the market.. Although it is extremely important to respect Yahoo Inc historical price patterns, it is beter to be realistic about what you can do with the information about 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 Yahoo Inc technical indicators you can presently evaluate if the expected return of 0.1879% will be sustainable into the future. Yahoo Inc right now maintains risk of 0.7425%. Please check out Yahoo Inc Coefficient Of Variation, Treynor Ratio as well as the relationship between Treynor Ratio and Semi Variance to decide if Yahoo Inc will be following its historical returns.
|15 days auto-correlation||(0.46) |
Modest reverse predictability
Yahoo Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Yahoo time series from March 26, 2017 to April 10, 2017 and April 10, 2017 to April 25, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Yahoo Inc price movement. The serial correlation of -0.46 indicates that about 46.0% of current Yahoo price fluctuation can be explain by its past prices. Given that Yahoo Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Yahoo for similar time interval.
|Correlation Coefficient|| -0.46|
|Spearman Rank Test|| -0.28|
|Price Variance|| 0.17|
|Lagged Price Variance|| 0.02|
Yahoo Lagged Returns