Taiwan Wtd owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0471 which indicates
Taiwan Wtd had -0.0471% 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. Taiwan Wtd 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 Taiwan Wtd are completely uncorrelated. Even though it is essential to pay attention to
Taiwan Wtd 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. Taiwan Wtd exposes twenty-one different technical indicators which can help you to evaluate its performance.
| 15 days auto-correlation | 0.33 |
Below average predictability
Taiwan Wtd has below average predictability. Overlapping area represents the amount of predictability between Taiwan Wtd time series from February 23, 2018 to March 25, 2018 and March 25, 2018 to April 24, 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 Taiwan Wtd price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Taiwan Wtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 |
| Spearman Rank Test | 0.24 |
| Price Variance | 7461.32 |
| Lagged Price Variance | 18656.88 |
