Macroaxis considers Virtus Ceredex to be not too volatile. Virtus Ceredex Large
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0624 which indicates Virtus Ceredex Large
had -0.0624% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring 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
. Virtus Ceredex Large Cap Value Equity C exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Virtus Ceredex to confirm risk estimate we provide. The entity has beta of 0.0 which indicates the returns on MARKET and Virtus Ceredex are completely uncorrelated. Even though it is essential to pay attention to Virtus Ceredex Large
current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring 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
. Virtus Ceredex Large Cap Value Equity C exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.89) |
Excellent reverse predictability
Virtus Ceredex Large Cap Value Equity C has excellent reverse predictability. Overlapping area represents the amount of predictability between Virtus Ceredex time series from May 26, 2018 to June 10, 2018 and June 10, 2018 to June 25, 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 Virtus Ceredex Large price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Virtus Ceredex price fluctuation can be explain by its past prices. Given that Virtus Ceredex Large Cap Value Equity C has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Virtus Ceredex for similar time interval.
|Correlation Coefficient|| -0.89|
|Spearman Rank Test|| -0.96|
|Price Variance|| 0.04|
|Lagged Price Variance|| 0.02|