secures Sharpe Ratio (or Efficiency) of 0.0141 which signifies that the index had 0.0141% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of an index is to use all available market data together with index specific technical indicators
that cannot be diversified away. We have found twenty-eight technical indicators
for All Ords which you can use to evaluate future volatility of the entity. The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and All Ords are completely uncorrelated. Although it is extremely important to respect All Ords
historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any index is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing All Ords technical indicators
you can presently evaluate if the expected return of 0.0106% will be sustainable into the future.
All Ords has modest predictability. Overlapping area represents the amount of predictability between All Ords time series from June 20, 2019 to August 4, 2019 and August 4, 2019 to September 18, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of All Ords price movement. The serial correlation of 0.53 indicates that about 53.0% of current All Ords price fluctuation can be explain by its past prices.