has Sharpe Ratio of 0.0205 which conveys that Madrid Gnrl
had 0.0205% of return per unit of risk 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-one technical indicators
for Madrid Gnrl 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 Madrid Gnrl are completely uncorrelated. Although it is extremely important to respect Madrid Gnrl 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 analyzing Madrid Gnrl technical indicators
you can presently evaluate if the expected return of 0.0144% will be sustainable into the future.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
Madrid Gnrl has no correlation between past and present. Overlapping area represents the amount of predictability between Madrid Gnrl time series from June 21, 2018 to July 6, 2018 and July 6, 2018 to July 21, 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 Madrid Gnrl price movement. The serial correlation of 0.0 indicates that just 0.0% of current Madrid Gnrl price fluctuation can be explain by its past prices.
|Spearman Rank Test|| -0.49|
|Price Variance|| 59.36|
|Lagged Price Variance|| 105.63|
|Average Price|| 990.3|