American Funds Washi Backtested Returns
Macroaxis considers American Funds to be not too risky. American Funds Washi
secures Sharpe Ratio (or Efficiency) of -0.1867 which signifies that American Funds Washi
had -0.1867% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in foreseeing risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. American Funds Washington Mutual R1 exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm American Funds Washi Mean Deviation
of 0.8369 and Risk Adjusted Performance
of 0.14 to double-check risk estimate we provide. The organization shows Beta (market volatility) of 0.075 which signifies that as returns on market increase, American Funds returns are expected to increase less than the market. However during bear market, the loss on holding American Funds will be expected to be smaller as well.. Even though it is essential to pay attention to American Funds Washi historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. American Funds Washington Mutual R1 exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.69) |
Very good reverse predictability
American Funds Washington Mutual R1 has very good reverse predictability. Overlapping area represents the amount of predictability between American Funds time series from January 26, 2018 to February 10, 2018 and February 10, 2018 to February 25, 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 American Funds Washi price movement. The serial correlation of -0.69 indicates that around 69.0% of current American Funds price fluctuation can be explain by its past prices. Given that American Funds Washington Mutual R1 has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of American Funds for similar time interval.
|Correlation Coefficient|| -0.69|
|Spearman Rank Test|| -0.89|
|Price Variance|| 0.15|
|Lagged Price Variance|| 1.22|
American Funds Lagged Returns