owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.2119 which indicates Seoul Comp
had 0.2119% of return per unit of risk over the last 1 month. Our philosophy towards measuring 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-one technical indicators
for Seoul Comp which you can use to evaluate future volatility of the index. The entity has beta of 0.0 which indicates the returns on MARKET and Seoul Comp are completely uncorrelated. Although it is extremely important to respect Seoul Comp
current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring 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 inspecting Seoul Comp technical indicators
you can presently evaluate if the expected return of 0.1189% will be sustainable into the future.
|15 days auto-correlation|| 0.21 |
Seoul Comp has weak predictability. Overlapping area represents the amount of predictability between Seoul Comp time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 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 0.21 indicates that over 21.0% of current Seoul Comp price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.38|