NYSE Backtested Returns
has Sharpe Ratio of -0.1094 which conveys that NYSE
had -0.1094% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy towards estimating 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
. NYSE exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. The index secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NYSE are completely uncorrelated. Even though it is essential to pay attention to NYSE price patterns
, it is always good to be careful when utilizing equity historical price patterns
. Macroaxis philosophy towards estimating 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
. NYSE exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.15 |
NYSE has insignificant predictability. Overlapping area represents the amount of predictability between NYSE time series from October 21, 2017 to November 5, 2017 and November 5, 2017 to November 20, 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 NYSE price movement. The serial correlation of 0.15 indicates that less than 15.0% of current NYSE price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.15|
|Spearman Rank Test|| 0.1|
|Price Variance|| 2372.11|
|Lagged Price Variance|| 637.77|
NYSE Lagged Returns