Short Duration TR Backtested Returns
Macroaxis considers Short Duration to be not too risky. Short Duration TR
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0137 which indicates Short Duration TR
had -0.0137% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring 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
. Short Duration TR Tactical ETF SPDR exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Short Duration Coefficient Of Variation
of (662.8) and Risk Adjusted Performance of (0.092129) to confirm risk estimate we provide. The entity has beta of -0.0384 which indicates as returns on market increase, returns on owning Short Duration are expected to decrease at a much smaller rate. During bear market, Short Duration is likely to outperform the market.. Even though it is essential to pay attention to Short Duration TR current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring 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. Short Duration TR Tactical ETF SPDR exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.4 |
Short Duration TR Tactical ETF SPDR has average predictability. Overlapping area represents the amount of predictability between Short Duration time series from December 19, 2017 to January 3, 2018 and January 3, 2018 to January 18, 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 Short Duration TR price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Short Duration price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.4|
|Spearman Rank Test|| -0.1|
|Average Price|| 49.35|
|Lagged Average Price|| 49.36|
Short Duration Lagged Returns