Banco de Chile Backtested Returns
Macroaxis considers Banco de to be not too risky. Banco de Chile
secures Sharpe Ratio (or Efficiency) of -0.0672 which signifies that Banco de Chile
had -0.0672% 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 0.09304 and Mean Deviation of 1.19 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 0.4958 which signifies that as returns on market increase, Banco de returns are expected to increase less than the market. However during bear market, the loss on holding Banco de will be expected to be smaller as well.. 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 -0.0956%. 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||(0.49) |
Modest reverse predictability
Banco de Chile has modest reverse predictability. Overlapping area represents the amount of predictability between Banco de 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 Banco de Chile price movement. The serial correlation of -0.49 indicates that about 49.0% 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.
|Correlation Coefficient|| -0.49|
|Spearman Rank Test|| 0.08|
|Price Variance|| 0.82|
|Lagged Price Variance|| 1.87|
Banco de Lagged Returns