Macroaxis considers ETFS Bloomberg to be not too risky. ETFS Bloomberg All
secures Sharpe Ratio (or Efficiency) of -0.3297 which denotes ETFS Bloomberg All
had -0.3297% of return per unit of return volatility over the last 1 month. Macroaxis approach to predicting risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. ETFS Bloomberg All Commodity Strt K 1 Fr exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ETFS Bloomberg All Mean Deviation
of 0.4903 to check risk estimate we provide. The organization shows Beta (market volatility) of 0.0 which denotes to the fact that the returns on MARKET and ETFS Bloomberg are completely uncorrelated. Even though it is essential to pay attention to ETFS Bloomberg All
historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach to predicting future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. ETFS Bloomberg All Commodity Strt K 1 Fr exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.81 |
Very good predictability
ETFS Bloomberg All Commodity Strt K 1 Fr has very good predictability. Overlapping area represents the amount of predictability between ETFS Bloomberg time series from May 24, 2018 to June 8, 2018 and June 8, 2018 to June 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 0.81 indicates that around 81.0% of current ETFS Bloomberg price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.81|
|Spearman Rank Test|| 0.75|
|Price Variance|| 0.15|
|Lagged Price Variance|| 0.03|