ClaymoreDelta Global Backtested Returns
Macroaxis considers ClaymoreDelta Global to be not very risky. ClaymoreDelta Global
secures Sharpe Ratio (or Efficiency) of -0.1571 which signifies that ClaymoreDelta Global
had -0.1571% of return per unit of standard deviation over the last 1 month. Macroaxis philosophy in foreseeing 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
. ClaymoreDelta Global Shipping exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ClaymoreDelta Global Mean Deviation
of 0.928 and Risk Adjusted Performance
of 0.17 to double-check risk estimate we provide. The organization shows Beta (market volatility) of -0.1384 which signifies that as returns on market increase, returns on owning ClaymoreDelta Global are expected to decrease at a much smaller rate. During bear market, ClaymoreDelta Global is likely to outperform the market.. Even though it is essential to pay attention to ClaymoreDelta Global historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy in foreseeing 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. ClaymoreDelta Global Shipping exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.46 |
ClaymoreDelta Global Shipping has average predictability. Overlapping area represents the amount of predictability between ClaymoreDelta Global time series from February 21, 2018 to March 8, 2018 and March 8, 2018 to March 23, 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 0.46 indicates that about 46.0% of current ClaymoreDelta Global price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.46|
|Spearman Rank Test|| 0.34|
|Price Variance|| 0.02|
|Lagged Price Variance|| 0.03|
ClaymoreDelta Global Lagged Returns