Taiwan Wtd Backtested Returns
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0726 which indicates Taiwan Wtd
had -0.0726% 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
. 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||(0.56) |
Good reverse predictability
Taiwan Wtd has good reverse predictability. Overlapping area represents the amount of predictability between Taiwan Wtd 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 Taiwan Wtd price movement. The serial correlation of -0.56 indicates that roughly 56.0% 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|| -0.56|
|Spearman Rank Test|| -0.61|
|Price Variance|| 4574.22|
|Lagged Price Variance|| 910.68|
Taiwan Wtd Lagged Returns