secures Sharpe Ratio (or Efficiency) of 0.0111 which signifies that the index had 0.0111% of return per unit of risk over the last 2 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 Bovespa 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 Bovespa are completely uncorrelated. Although it is extremely important to respect Bovespa
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 Bovespa technical indicators
you can presently evaluate if the expected return of 0.0149% will be sustainable into the future.
Bovespa has weak predictability. Overlapping area represents the amount of predictability between Bovespa time series from March 25, 2019 to April 24, 2019 and April 24, 2019 to May 24, 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 Bovespa price movement. The serial correlation of 0.22 indicates that over 22.0% of current Bovespa price fluctuation can be explain by its past prices.