Union Street Partners Backtested Returns
Macroaxis considers Union Street to be not very risky. Union Street Partners
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2332 which indicates Union Street Partners
had -0.2332% 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
. Union Street Partners Value A exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Union Street Coefficient Of Variation
of 657.07 and Risk Adjusted Performance of 0.26 to confirm risk estimate we provide. The entity has beta of 0.3109 which indicates as returns on market increase, Union Street returns are expected to increase less than the market. However during bear market, the loss on holding Union Street will be expected to be smaller as well.. Even though it is essential to pay attention to Union Street Partners 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. Union Street Partners Value A exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.08) |
Very weak reverse predictability
Union Street Partners Value A has very weak reverse predictability. Overlapping area represents the amount of predictability between Union Street time series from January 23, 2018 to February 7, 2018 and February 7, 2018 to February 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 Union Street Partners price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Union Street price fluctuation can be explain by its past prices. Given that Union Street Partners Value A has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Union Street for similar time interval.
|Correlation Coefficient|| -0.08|
|Spearman Rank Test|| -0.71|
|Price Variance|| 0.03|
|Lagged Price Variance|| 0.02|
Union Street Lagged Returns