We consider Vanguard Capital not too risky. Vanguard Capital Value
owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.1707 which indicates Vanguard Capital Value
had 0.1707% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a fund is to use all available market data together with fund specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Vanguard Capital Value Inv which you can use to evaluate future volatility of the fund. Please validate Vanguard Capital Semi Deviation
of 0.3276, Coefficient Of Variation
of 1006.67 and Risk Adjusted Performance
of 0.0462 to confirm if risk estimate we provide are consistent with the epected return of 0.0877%. The entity has beta of 0.4287 which indicates as returns on market increase, Vanguard Capital returns are expected to increase less than the market. However during bear market, the loss on holding Vanguard Capital will be expected to be smaller as well.. Although it is extremely important to respect Vanguard Capital Value
current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By inspecting Vanguard Capital Value technical indicators
you can presently evaluate if the expected return of 0.0877% will be sustainable into the future.
|15 days auto-correlation||(0.69) |
Very good reverse predictability
Vanguard Capital Value Inv has very good reverse predictability. Overlapping area represents the amount of predictability between Vanguard Capital time series from August 24, 2018 to September 8, 2018 and September 8, 2018 to September 23, 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 Vanguard Capital Value price movement. The serial correlation of -0.69 indicates that around 69.0% of current Vanguard Capital price fluctuation can be explain by its past prices. Given that Vanguard Capital Value Inv has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Vanguard Capital for similar time interval.
|Spearman Rank Test||-0.36|