Macroaxis considers iShares Global to be not too risky. iShares Global 100
shows Sharpe Ratio of -0.1373 which attests that iShares Global 100
had -0.1373% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining 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
. iShares Global 100 exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out iShares Global 100 Mean Deviation
of 0.5125 to validate risk estimate we provide. The entity maintains market beta of 0.0 which attests that the returns on MARKET and iShares Global are completely uncorrelated. Even though it is essential to pay attention to iShares Global 100
historical price patterns
, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining 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
. iShares Global 100 exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.41) |
Modest reverse predictability
iShares Global 100 ETF has modest reverse predictability. Overlapping area represents the amount of predictability between iShares Global time series from May 21, 2018 to June 5, 2018 and June 5, 2018 to June 20, 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 iShares Global 100 price movement. The serial correlation of -0.41 indicates that just about 41.0% of current iShares Global price fluctuation can be explain by its past prices. Given that iShares Global 100 ETF has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of iShares Global for similar time interval.
|Correlation Coefficient|| -0.41|
|Spearman Rank Test|| 0.32|
|Price Variance|| 0.16|
|Lagged Price Variance|| 0.16|