maintains Sharpe Ratio (i.e. Efficiency) of -0.0882 which implies the entity had -0.0882% of return per unit of risk over the last 2 months. Macroaxis philosophy in forecasting 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
. OSE All exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. The index holds Beta of 0.0 which implies the returns on MARKET and OSE All are completely uncorrelated. Even though it is essential to pay attention to OSE All
current trending patterns, it is always good to be careful when utilizing equity existing price patterns
. Macroaxis philosophy in forecasting 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
. OSE All exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Very weak reverse predictability
OSE All has very weak reverse predictability. Overlapping area represents the amount of predictability between OSE All time series from June 22, 2019 to July 22, 2019 and July 22, 2019 to August 21, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of OSE All price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current OSE All price fluctuation can be explain by its past prices. Given that OSE All has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of OSE All for similar time interval.