Macroaxis considers Vanguard Capital to be not very risky. Vanguard Capital Value
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1162 which indicates Vanguard Capital Value
had -0.1162% of return per unit of risk over the last 2 months. 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
. Vanguard Capital Value Inv exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Vanguard Capital Coefficient Of Variation
of (510.81) and Risk Adjusted Performance of (0.27) to confirm risk estimate we provide. The entity has beta of 0.057 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.. Even though it is essential to pay attention to Vanguard Capital Value 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. Vanguard Capital Value Inv exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.30) |
Weak reverse predictability
Vanguard Capital Value Inv has weak reverse predictability. Overlapping area represents the amount of predictability between Vanguard Capital time series from October 11, 2018 to November 10, 2018 and November 10, 2018 to December 10, 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 -0.3 indicates that nearly 30.0% 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||0.01|