secures Sharpe Ratio (or Efficiency) of 0.3189 which signifies that the index had 0.3189% of return per unit of risk over the last 2 months. Our approach towards foreseeing volatility of an index is to use all available market data together with index specific technical indicators
that cannot be diversified away. We have found twenty-eight technical indicators
for BSE which you can use to evaluate future volatility of the entity. The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and BSE are completely uncorrelated. Although it is vital to follow to BSE
historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The approach towards foreseeing future performance of any index is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By reviewing BSE technical indicators
you can today evaluate if the expected return of 0.2871% will be sustainable into the future.
BSE has modest predictability. Overlapping area represents the amount of predictability between BSE time series from February 22, 2019 to March 24, 2019 and March 24, 2019 to April 23, 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 BSE price movement. The serial correlation of 0.55 indicates that about 55.0% of current BSE price fluctuation can be explain by its past prices.