Taiwan Wtd owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0194 which indicates
Taiwan Wtd had 0.0194% of return per unit of risk over the last 1 month. Our philosophy towards measuring 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-eight
technical indicators for Taiwan Wtd which you can use to evaluate future volatility of the index. The entity has beta of 0.0 which indicates the returns on MARKET and Taiwan Wtd are completely uncorrelated. Although it is extremely important to respect
Taiwan Wtd current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring 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 inspecting
Taiwan Wtd technical indicators you can presently evaluate if the expected return of 0.0118% will be sustainable into the future.
| 15 days auto-correlation | (0.47) |
Modest reverse predictability
Taiwan Wtd has modest reverse predictability. Overlapping area represents the amount of predictability between Taiwan Wtd time series from June 22, 2018 to July 7, 2018 and July 7, 2018 to July 22, 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 -0.47 indicates that about 47.0% of current Taiwan Wtd price fluctuation can be explain by its past prices. Given that Taiwan Wtd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Taiwan Wtd for similar time interval.
| Correlation Coefficient | -0.47 |
| Spearman Rank Test | -0.66 |
| Price Variance | 10157.57 |
| Lagged Price Variance | 8800.4 |
