CHINA LIFE Backtested Returns
Macroaxis considers CHINA LIFE to be not too volatile. CHINA LIFE
secures Sharpe Ratio (or Efficiency) of -0.3181 which signifies that CHINA LIFE
had -0.3181% of return per unit of return volatility over the last 1 month. Macroaxis approach into foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. CHINA LIFE exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CHINA LIFE Risk Adjusted Performance
of (0.14) and Mean Deviation of 1.22 to double-check risk estimate we provide. Macroaxis gives CHINA LIFE performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.2483 which signifies that as returns on market increase, CHINA LIFE returns are expected to increase less than the market. However during bear market, the loss on holding CHINA LIFE will be expected to be smaller as well.. Even though it is essential to pay attention to CHINA LIFE historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach into foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. CHINA LIFE exposes twenty-one different technical indicators which can help you to evaluate its performance. CHINA LIFE has expected return of -0.5295%. Please be advised to confirm CHINA LIFE Mean Deviation, Downside Deviation, Standard Deviation, as well as the relationship between Semi Deviation and Coefficient Of Variation to decide if CHINA LIFE past performance will be repeated in the future.
|15 days auto-correlation|| 0.14 |
CHINA LIFE has insignificant predictability. Overlapping area represents the amount of predictability between CHINA LIFE time series from November 17, 2017 to December 2, 2017 and December 2, 2017 to December 17, 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 CHINA LIFE price movement. The serial correlation of 0.14 indicates that less than 14.0% of current CHINA LIFE price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.14|
|Spearman Rank Test|| -0.02|
|Price Variance|| 0.2|
|Lagged Price Variance|| 0.36|
CHINA LIFE Lagged Returns