owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0038 which indicates Straits Tms
had -0.0038% of return per unit of risk over the last 2 months. 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
. Straits Tms exposes twenty-eight 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 Straits Tms are completely uncorrelated. Even though it is essential to pay attention to Straits Tms
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
. Straits Tms exposes twenty-eight different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.10 |
Straits Tms has insignificant predictability. Overlapping area represents the amount of predictability between Straits Tms time series from October 12, 2018 to November 11, 2018 and November 11, 2018 to December 11, 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 Straits Tms price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Straits Tms price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.09|