Etf is abnormally risky given 1 month investment horizon. Etf
secures Sharpe Ratio (or Efficiency) of 0.3361 which denotes Etf
had 0.3361% of return per unit of risk over the last 1 month. Our philosophy towards predicting volatility of a ipath bloomberg natural gas subindex total return etn is to use Etf
market data together with company specific technical indicators
. We found twenty-one different technical indicators
which can help you to evaluate if expected returns of 123.8858% are justified by taking the suggested risk. Use Etf Coefficient Of Variation
of 257.64 and Mean Deviation
of 294046.56 to evaluate company specific risk that cannot be diversified away. The organization shows Beta (market volatility) of -298645.5326 which denotes to the fact that as returns on market increase, returns on owning Etf are expected to decrease by larger amounts. On the other hand, during market turmoil, Etf is expected to significantly outperform it.. Although it is essential to pay attention to Etf
historical returns, it is also good to be reasonable about what you can actually do with equity current trending patterns. Macroaxis philosophy towards predicting future performance of any ipath bloomberg natural gas subindex total return etn is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators
. To evaluate if Etf expected return of 123.8858 will be sustainable into the future, we have found twenty-one different technical indicators
which can help you to check if the expected returns are sustainable.
|15 days auto-correlation|| 0.39 |
Below average predictability
Etf has below average predictability. Overlapping area represents the amount of predictability between Etf time series from August 20, 2018 to September 4, 2018 and September 4, 2018 to September 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 Etf price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Etf price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.04|