United States 12 Backtested Returns
Macroaxis considers United States to be not very volatile. United States 12
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.3664 which indicates United States 12
had -0.3664% 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
. United States 12 Month Natural Gas exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate United States Coefficient Of Variation
of (279.91) and Risk Adjusted Performance of (0.16) to confirm risk estimate we provide. The entity has beta of -0.4593 which indicates as returns on market increase, returns on owning United States are expected to decrease at a much smaller rate. During bear market, United States is likely to outperform the market.. Even though it is essential to pay attention to United States 12 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. United States 12 Month Natural Gas exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.43 |
United States 12 Month Natural Gas has average predictability. Overlapping area represents the amount of predictability between United States time series from November 16, 2017 to December 1, 2017 and December 1, 2017 to December 16, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of United States 12 price movement. The serial correlation of 0.43 indicates that just about 43.0% of current United States price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.43|
|Spearman Rank Test|| 0.61|
|Price Variance|| 0.09|
|Lagged Price Variance|| 0.02|
United States Lagged Returns