Madrid Gnrl Backtested Returns
has Sharpe Ratio of -0.0341 which conveys that Madrid Gnrl
had -0.0341% of return per unit of risk 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
. Madrid Gnrl 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 Madrid Gnrl are completely uncorrelated. Even though it is essential to pay attention to Madrid Gnrl 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
. Madrid Gnrl exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.71) |
Almost perfect reverse predictability
Madrid Gnrl has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Madrid Gnrl time series from October 19, 2017 to November 3, 2017 and November 3, 2017 to November 18, 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 Madrid Gnrl price movement. The serial correlation of -0.71 indicates that around 71.0% of current Madrid Gnrl price fluctuation can be explain by its past prices. Given that Madrid Gnrl has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Madrid Gnrl for similar time interval.
|Correlation Coefficient|| -0.71|
|Spearman Rank Test|| -0.85|
|Price Variance|| 143.3|
|Lagged Price Variance|| 196.42|
Madrid Gnrl Lagged Returns