owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0671 which indicates Seoul Comp
had -0.0671% of return per unit of risk over the last 2 months. Macroaxis philosophy towards measuring 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
. Seoul Comp exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. The entity has beta of 0.0 which indicates the returns on MARKET and Seoul Comp are completely uncorrelated. Even though it is essential to pay attention to Seoul Comp
current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring 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
. Seoul Comp exposes twenty-eight different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.27) |
Weak reverse predictability
Seoul Comp has weak reverse predictability. Overlapping area represents the amount of predictability between Seoul Comp time series from October 13, 2018 to November 12, 2018 and November 12, 2018 to December 12, 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 Seoul Comp price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Seoul Comp price fluctuation can be explain by its past prices. Given that Seoul Comp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Seoul Comp for similar time interval.
|Spearman Rank Test||-0.43|