maintains Sharpe Ratio (i.e. Efficiency) of 0.0477 which implies the entity had 0.0477% of return per unit of standard deviation 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 OMX COPENHAGEN 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 OMX COPENHAGEN are completely uncorrelated. Although it is extremely important to respect OMX COPENHAGEN
current trending patterns, it is better to be realistic regarding the information on 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 reviewing OMX COPENHAGEN technical indicators
you can currently evaluate if the expected return of 0.0398% will be sustainable into the future.
Very weak reverse predictability
OMX COPENHAGEN has very weak reverse predictability. Overlapping area represents the amount of predictability between OMX COPENHAGEN time series from June 23, 2019 to August 7, 2019 and August 7, 2019 to September 21, 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 OMX COPENHAGEN price movement. The serial correlation of -0.03 indicates that only 3.0% of current OMX COPENHAGEN price fluctuation can be explain by its past prices. Given that OMX COPENHAGEN has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of OMX COPENHAGEN for similar time interval.