Macroaxis considers Banco de to be not too risky. Banco de Chile
secures Sharpe Ratio (or Efficiency) of -0.0604 which signifies that Banco de Chile
had -0.0604% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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
. Banco de Chile exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Banco de Chile Risk Adjusted Performance
of 0.028937 and Mean Deviation of 0.8529 to double-check risk estimate we provide. Macroaxis gives Banco de performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.5027 which signifies that as returns on market increase, returns on owning Banco de are expected to decrease at a much smaller rate. During bear market, Banco de is likely to outperform the market.. Even though it is essential to pay attention to Banco de Chile historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards 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. Banco de Chile exposes twenty-one different technical indicators which can help you to evaluate its performance. Banco de Chile has expected return of -0.0794%. Please be advised to confirm Banco de Chile Maximum Drawdown, and the relationship between Information Ratio and Downside Variance to decide if Banco de Chile past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.71) |
Almost perfect reverse predictability
Banco de Chile has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Banco de time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 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 Banco de Chile price movement. The serial correlation of -0.71 indicates that around 71.0% of current Banco de price fluctuation can be explain by its past prices. Given that Banco de Chile has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Banco de for similar time interval.
|Spearman Rank Test||-0.27|