We consider ETFS Bloomberg not too volatile. ETFS Bloomberg Engy
secures Sharpe Ratio (or Efficiency) of 0.0156 which denotes ETFS Bloomberg Engy
had 0.0156% of return per unit of return volatility over the last 1 month. Our approach to predicting volatility of a etf is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for ETFS Bloomberg Engy Lngr Dtd Strt K 1Fr which you can use to evaluate future volatility of the entity. Please confirm ETFS Bloomberg Engy Mean Deviation
of 0.8355 to check if risk estimate we provide are consistent with the epected return of 0.021%. 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. Although it is extremely important to respect ETFS Bloomberg Engy
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 Engy technical indicators
you can today evaluate if the expected return of 0.021% will be sustainable into the future.
|15 days auto-correlation||(0.52) |
Good reverse predictability
ETFS Bloomberg Engy Lngr Dtd Strt K 1Fr has good reverse predictability. Overlapping area represents the amount of predictability between ETFS Bloomberg time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 17, 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 Engy price movement. The serial correlation of -0.52 indicates that about 52.0% of current ETFS Bloomberg price fluctuation can be explain by its past prices. Given that ETFS Bloomberg Engy Lngr Dtd Strt K 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.
|Correlation Coefficient|| -0.52|
|Spearman Rank Test|| -0.77|
|Price Variance|| 0.16|
|Lagged Price Variance|| 0.23|