We consider ClaymoreDelta Global not very risky. ClaymoreDelta Global
secures Sharpe Ratio (or Efficiency) of 0.0513 which signifies that ClaymoreDelta Global
had 0.0513% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing volatility of an etf is to use all available market data together with etf specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for ClaymoreDelta Global Shipping which you can use to evaluate future volatility of the entity. Please confirm ClaymoreDelta Global Mean Deviation
of 0.7986 and Risk Adjusted Performance
of 0.0527 to double-check if risk estimate we provide are consistent with the epected return of 0.0514%. The organization shows Beta (market volatility) of 1.3633 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, ClaymoreDelta Global will likely underperform.. Although it is extremely important to respect ClaymoreDelta Global
historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing ClaymoreDelta Global technical indicators
you can presently evaluate if the expected return of 0.0514% will be sustainable into the future.
|15 days auto-correlation||(0.65) |
Very good reverse predictability
ClaymoreDelta Global Shipping has very good reverse predictability. Overlapping area represents the amount of predictability between ClaymoreDelta Global time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 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 ClaymoreDelta Global price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current ClaymoreDelta Global price fluctuation can be explain by its past prices. Given that ClaymoreDelta Global Shipping has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ClaymoreDelta Global for similar time interval.
|Spearman Rank Test||-0.26|