holds Efficiency (Sharpe) Ratio of 0.015 which attests that Greece TR
had 0.015% of return per unit of risk over the last 2 months. Our philosophy towards determining 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 Greece TR which you can use to evaluate future volatility of the entity. The index retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and Greece TR are completely uncorrelated. Although it is extremely important to respect Greece TR
current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining 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 evaluating Greece TR technical indicators
you can presently evaluate if the expected return of 0.0271% will be sustainable into the future.
Modest reverse predictability
Greece TR has modest reverse predictability. Overlapping area represents the amount of predictability between Greece TR time series from October 15, 2018 to November 14, 2018 and November 14, 2018 to December 14, 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 Greece TR price movement. The serial correlation of -0.42 indicates that just about 42.0% 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.