American Funds Washi Backtested Returns
Macroaxis considers American Funds to be not too risky. American Funds Washi
secures Sharpe Ratio (or Efficiency) of -0.0942 which signifies that American Funds Washi
had -0.0942% 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 R4 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 0.7998 and Risk Adjusted Performance
of 0.072542 to double-check risk estimate we provide. The organization shows Beta (market volatility) of 0.3868 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 R4 exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.13 |
American Funds Washington Mutual R4 has insignificant predictability. Overlapping area represents the amount of predictability between American Funds time series from January 18, 2018 to February 2, 2018 and February 2, 2018 to February 17, 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 0.13 indicates that less than 13.0% of current American Funds price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.13|
|Spearman Rank Test|| 0.19|
|Price Variance|| 0.3|
|Lagged Price Variance|| 0.1|
American Funds Lagged Returns