Greece TR Backtested Returns
holds Efficiency (Sharpe) Ratio of -0.0782 which attests that Greece TR
had -0.0782% of return per unit of risk over the last 1 month. 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
. Greece TR 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 Greece TR are completely uncorrelated. Even though it is essential to pay attention to Greece TR
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
. Greece TR exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.49) |
Modest reverse predictability
Greece TR has modest reverse predictability. Overlapping area represents the amount of predictability between Greece TR time series from October 24, 2017 to November 8, 2017 and November 8, 2017 to November 23, 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 Greece TR price movement. The serial correlation of -0.49 indicates that about 49.0% of current Greece TR price fluctuation can be explain by its past prices. Given that Greece TR has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Greece TR for similar time interval.
|Correlation Coefficient|| -0.49|
|Spearman Rank Test|| 0.02|
|Price Variance|| 38.54|
|Lagged Price Variance|| 60.67|
Greece TR Lagged Returns