Hang Seng holds Efficiency (Sharpe) Ratio of -0.0691 which attests that
Hang Seng had -0.0691% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and
technical indicators. Hang Seng exposes twenty-one different
technical indicators which can help you to evaluate volatility that cannot be diversified away. The index retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and Hang Seng are completely uncorrelated. Even though it is essential to pay attention to
Hang Seng current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available
technical indicators. Hang Seng exposes twenty-one different technical indicators which can help you to evaluate its performance.
| 15 days auto-correlation | 0.49 |
Average predictability
Hang Seng has average predictability. Overlapping area represents the amount of predictability between Hang Seng time series from February 26, 2018 to March 28, 2018 and March 28, 2018 to April 27, 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 Hang Seng price movement. The serial correlation of 0.49 indicates that about 49.0% of current Hang Seng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 |
| Spearman Rank Test | -0.1 |
| Price Variance | 121449.6 |
| Lagged Price Variance | 340767.16 |
