Macroaxis considers United States not too volatile given 1 month investment horizon. United States 12
owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.2003 which indicates United States 12
had 0.2003% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of an etf is to use all available market data together with etf specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for United States 12 Month Oil which you can use to evaluate future volatility of the etf. Please operate United States Semi Deviation
of 0.6536, Coefficient Of Variation
of 807.39 and Risk Adjusted Performance
of 0.0623 to confirm if our risk estimates are consistent with your expectations. The entity has beta of 0.0955 which indicates as returns on market increase, United States returns are expected to increase less than the market. However during bear market, the loss on holding United States will be expected to be smaller as well.. Although it is extremely important to respect United States 12
current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By inspecting United States 12 technical indicators
you can presently evaluate if the expected return of 0.2232% will be sustainable into the future.
|15 days auto-correlation|| 0.20 |
United States 12 Month Oil has weak predictability. Overlapping area represents the amount of predictability between United States time series from August 23, 2018 to September 7, 2018 and September 7, 2018 to September 22, 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 United States 12 price movement. The serial correlation of 0.2 indicates that over 20.0% of current United States price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.02|