We consider ETFS Bloomberg not too risky. ETFS Bloomberg All
secures Sharpe Ratio (or Efficiency) of 0.0752 which denotes ETFS Bloomberg All
had 0.0752% of return per unit of return volatility over the last 1 month. Our approach to predicting volatility of an etf is to use all available market data together with etf specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr which you can use to evaluate future volatility of the entity. Please confirm ETFS Bloomberg All Mean Deviation
of 0.4346 to check if risk estimate we provide are consistent with the epected return of 0.0461%. The organization shows Beta (market volatility) of 0.1691 which denotes to the fact that as returns on market increase, ETFS Bloomberg returns are expected to increase less than the market. However during bear market, the loss on holding ETFS Bloomberg will be expected to be smaller as well.. Although it is extremely important to respect ETFS Bloomberg All
historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach to predicting future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By examining ETFS Bloomberg All technical indicators
you can today evaluate if the expected return of 0.0461% will be sustainable into the future.
|15 days auto-correlation||(0.56) |
Good reverse predictability
ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr has good reverse predictability. Overlapping area represents the amount of predictability between ETFS Bloomberg time series from September 23, 2018 to October 8, 2018 and October 8, 2018 to October 23, 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 ETFS Bloomberg All price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current ETFS Bloomberg price fluctuation can be explain by its past prices. Given that ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ETFS Bloomberg for similar time interval.
|Spearman Rank Test||-0.37|