maintains Sharpe Ratio (i.e. Efficiency) of 0.6247 which implies the entity had 0.6247% of return per unit of risk over the last 3 months. Our philosophy towards forecasting 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-one technical indicators
for Russia TR which you can use to evaluate future volatility of the index. The index holds Beta of 0.0 which implies the returns on MARKET and Russia TR are completely uncorrelated. Although it is vital to follow to Russia TR
current trending patterns, it is good to be conservative about what you can actually do with the information regarding equity existing price patterns
. The philosophy towards forecasting 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 Russia TR technical indicators
you can presently evaluate if the expected return of 0.3594% will be sustainable into the future.
No correlation between past and present
Russia TR has no correlation between past and present. Overlapping area represents the amount of predictability between Russia TR 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 Russia TR price movement. The serial correlation of 0.0 indicates that just 0.0% of current Russia TR price fluctuation can be explain by its past prices.