Horizon Kinetics ISE Backtested Returns
Horizon Kinetics ISE
holds Efficiency (Sharpe) Ratio of -0.2226 which attests that Horizon Kinetics ISE
had -0.2226% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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
. Horizon Kinetics ISE exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. The index retains Market Volatility (i.e. Beta) of 0.0 which attests that the returns on MARKET and Horizon Kinetics are completely uncorrelated. Even though it is essential to pay attention to Horizon Kinetics ISE
current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining 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
. Horizon Kinetics ISE exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.72) |
Almost perfect reverse predictability
Horizon Kinetics ISE Global Wea has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Horizon Kinetics time series from January 22, 2018 to February 6, 2018 and February 6, 2018 to February 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 Horizon Kinetics ISE price movement. The serial correlation of -0.72 indicates that around 72.0% of current Horizon Kinetics price fluctuation can be explain by its past prices. Given that Horizon Kinetics ISE Global Wea has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Horizon Kinetics for similar time interval.
|Correlation Coefficient|| -0.72|
|Spearman Rank Test|| -0.37|
|Price Variance|| 5.35|
|Lagged Price Variance|| 4.01|
Horizon Kinetics Lagged Returns