owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0617 which indicates Swiss Mrt
had -0.0617% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring 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
. Swiss Mrt exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. The entity has beta of 0.0 which indicates the returns on MARKET and Swiss Mrt are completely uncorrelated. Even though it is essential to pay attention to Swiss Mrt
current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring 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
. Swiss Mrt exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.34) |
Poor reverse predictability
Swiss Mrt has poor reverse predictability. Overlapping area represents the amount of predictability between Swiss Mrt time series from September 21, 2018 to October 6, 2018 and October 6, 2018 to October 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 Swiss Mrt price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Swiss Mrt price fluctuation can be explain by its past prices. Given that Swiss Mrt has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Swiss Mrt for similar time interval.
|Spearman Rank Test||-0.13|