Macroaxis considers ClaymoreDelta Global to be not very volatile. ClaymoreDelta Global
secures Sharpe Ratio (or Efficiency) of -0.0836 which signifies that ClaymoreDelta Global
had -0.0836% of return per unit of standard deviation over the last 2 months. 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-eight 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 1.5 and Risk Adjusted Performance
of (0.13) to double-check risk estimate we provide. The organization shows Beta (market volatility) of 0.2853 which signifies that as returns on market increase, ClaymoreDelta Global returns are expected to increase less than the market. However during bear market, the loss on holding ClaymoreDelta Global will be expected to be smaller as well.. 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-eight different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.12) |
Insignificant reverse predictability
ClaymoreDelta Global Shipping has insignificant reverse predictability. Overlapping area represents the amount of predictability between ClaymoreDelta Global time series from October 12, 2018 to November 11, 2018 and November 11, 2018 to December 11, 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 -0.12 indicates that less than 12.0% 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||-0.16|