Taiwan Wtd Backtested Returns
owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.5471 which indicates Taiwan Wtd
had 0.5471% 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 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 vital to follow to Taiwan Wtd
current price movements, it is good to be conservative about what you can actually do with the information regarding 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 0.271% will be sustainable into the future.
|15 days auto-correlation|| 0.96 |
Taiwan Wtd has excellent predictability. Overlapping area represents the amount of predictability between Taiwan Wtd time series from December 22, 2017 to January 6, 2018 and January 6, 2018 to January 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 Taiwan Wtd price movement. The serial correlation of 0.96 indicates that 96.0% of current Taiwan Wtd price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.96|
|Spearman Rank Test|| 0.87|
|Price Variance|| 12331.29|
|Lagged Price Variance|| 27357.02|
Taiwan Wtd Lagged Returns