Etf is abnormally risky given 1 month investment horizon. Etf
secures Sharpe Ratio (or Efficiency) of 0.5159 which denotes Etf
had 0.5159% 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 247.938% are justified by taking the suggested risk. Use Etf to evaluate company specific risk that cannot be diversified away. The organization shows Beta (market volatility) of 0.0 which denotes to the fact that the returns on MARKET and Etf are completely uncorrelated. 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 247.938 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||(0.59) |
Good reverse predictability
Etf has good reverse predictability. Overlapping area represents the amount of predictability between Etf time series from May 22, 2018 to June 6, 2018 and June 6, 2018 to June 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 Etf price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Etf price fluctuation can be explain by its past prices. Given that Etf has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Etf for similar time interval.
|Correlation Coefficient|| -0.59|
|Spearman Rank Test|| 0.52|
|Price Variance|| 2174283.25|
|Lagged Price Variance|| 2067740.27|