has Sharpe Ratio of 0.0067 which conveys that NZSE
had 0.0067% of return per unit of standard deviation over the last 1 month. Our philosophy towards estimating volatility of a index is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-eight technical indicators
for NZSE which you can use to evaluate future volatility of the organization. The index secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and NZSE are completely uncorrelated. Although it is extremely important to respect NZSE price patterns
, it is better to be realistic regarding the information on equity historical price patterns
. The philosophy towards estimating 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 reviewing NZSE technical indicators
you can currently evaluate if the expected return of 0.0078% will be sustainable into the future.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
NZSE has no correlation between past and present. Overlapping area represents the amount of predictability between NZSE time series from May 25, 2018 to June 9, 2018 and June 9, 2018 to June 24, 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 NZSE price movement. The serial correlation of 0.0 indicates that just 0.0% of current NZSE price fluctuation can be explain by its past prices.
|Average Price|| 8999.37|
|Lagged Average Price|| 8999.37|