Macroaxis considers First Trust to be not too volatile. First Trust South
secures Sharpe Ratio (or Efficiency) of -0.3221 which denotes First Trust South
had -0.3221% of return per unit of risk over the last 1 month. Macroaxis philosophy towards 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
. First Trust South Korea AlphaDEX ETF exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm First Trust South Coefficient Of Variation
of 254.66 and Mean Deviation of 1.08 to check risk estimate we provide. The organization shows Beta (market volatility) of -0.8524 which denotes to the fact that . Even though it is essential to pay attention to First Trust South historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards 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. First Trust South Korea AlphaDEX ETF exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.40 |
First Trust South Korea AlphaDEX ETF has average predictability. Overlapping area represents the amount of predictability between First Trust time series from June 19, 2018 to July 4, 2018 and July 4, 2018 to July 19, 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 First Trust South price movement. The serial correlation of 0.4 indicates that just about 40.0% of current First Trust price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.4|
|Spearman Rank Test|| 0.16|
|Price Variance|| 0.04|
|Lagged Price Variance|| 0.14|